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Black Facts for November 9th

2023 - Ma Pau supports 32-yr-old testicular cancer patient - Trinidad and Tobago Newsday

FORMER Miss Universe and current Ma Pau chairman Wendy Fitzwilliam donated $12,500 to cancer patient Blaine Gomes on behalf of the Ma Pau Foundation to help with his $25,000 surgical bill.

In a handing-over ceremony held at City Hall Auditorium on Knox Street, Port of Spain, on Tuesday, Gomes, 32, a mechanic and father of one, expressed his gratitude for the funds.

"In February of this year, I was in a lot of pain in my testicles and stomach and started experiencing difficulty when walking. I was misdiagnosed by a urologist in Woodbrook, who diagnosed me with some sort of testicular infection. I took two courses of antibiotics, each two weeks long, but there was no improvement. So, I just gave up and started to go along with the pain."

"After receiving the misdiagnosis, I went back home and continued working. I operated like everything was normal; I took painkillers. I wasn't thinking it was cancer."

Five months later, he returned to the hospital with abdominal pain and abnormal cells were observed. He was later diagnosed with stage 4 testicular cancer after a biopsy.

After receiving the news, Gomes said he started putting measures in place for his two-year-old daughter.

"I tried to organise and see what I could put in order for my daughter. She's two, she turns three next week. Whatever assets I have, I started putting them in place for her."

Gomes said the long waiting period at Mt Hope General Hospital forced him to visit a private doctor at Medical Associates, where, in a matter of days, he began his cancer treatment.

"My cancer was so bad that I couldn't do the initial surgery to remove the testicle, because I had problems breathing and respiratory failure. I waited about a month after I started chemotherapy and I might not have survived that long."

Gomes, a club member of Ma Pau, learned about the foundation through a friend of his mother, who urged him to reach out.

He said, "She (my mother's friend) told me they help people, especially in my position; I had already blown through my savings. My sister started the process because I was in the hospital. There were a lot of ups and downs, paperwork and documents they needed proof and understandably so, because there are a lot of scammers out here."

Gomes has another surgery scheduled for the upcoming week and two more rounds of chemotherapy to do after the surgery. He is hopeful that by Christmas, he will be in the clear.

He said, "I have to do a next CT scan and blood work to know if I have more chemo or if I have beaten the cancer."

He is keeping a positive outlook and looking forward to spending the Christmas season with his two-year-old daughter, Zoe. He said he would also like to return to work as soon as possible, as he estimates he has already spent $300,000 on medical bills.

"I still have rent to pay, I still have a family to provide for, and I still have all these other bills besides the medical bills.

"I've been getting help from family members. The public system is overwhelmed right now. One dose of chemotherapy was $1

2020 - Why technology is crucial in driving financial literacy

Technology continues to revolutionise the financial services landscape. From mobile payments, App-based investing platforms, financial technology has revolutionised not only how consumers receive financial services but also how they expect to receive such services. Core financial institutions are expected to be radically reconfigured as a result of technological innovations. Financial education is therefore an important cog for promoting financial technology.  Financial education refers to the process of building knowledge, skills and attitudes to become financially literate. It is meant to inculcate people on good financial management practices with respect to earning, spending, saving, borrowing, and investing. Financial education is meant to enable people to shift from reactive to proactive decision-making and work towards fulfilling their financial goals. By broadening people’s understanding of financial options and principles, financial education builds skills to use financial products and services, and promotes attitudes and behaviours that support more effective use of financial resources. It is crucial that financial literacy be introduced at almost all levels. The curricula for financial education should include components to help students develop an understanding of the appropriate skills relating to the roles of money, credit, budgets, financial planning and other relevant personal finance topics in order to permit them to understand and appropriately manage their finances. Financial literacy enables citizens of all ages and economic positions to remain in touch with changes in financial needs and circumstances, and to take advantage of products and services that best meet their goals. The increasing complexity of our financial system makes it clear that strengthening the financial knowledge and skills of the people is critical for the future success and financial stability. Financial literacy is important in the life journey of everyone, from primary school, secondary school, tertiary level and for the employed or unemployed. It allows one to make thoughtful informed decisions concerning their finances. There is need for continued efforts by all stakeholders to invest significantly in bridging the financial literacy gap in our society by providing financial literacy programmes particularly to specific population subgroups, such as ethnic and gender minorities, require custom-tailored approaches. Once financial literacy is created it will in time be channeled via financial intermediaries and financial markets and transformed into investments in the private sector and public through loans to companies and capital market investments.  If more citizens choose to save through formal mechanisms more capital will be made available to increase the productive capacity of the economy.  Governments, municipalities and corporates can issue retail securities such as Bonds aimed at enhancing financial inclusion and a saving and investment culture to promote economic development. Throughout Africa corporates and governm