• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Recent News News
Join us! April 22, Night of Storytelling
  • Learn More Join us! April 22, Night of Storytelling. LEARN MORE.

Site LogoAfrican Sisters Education Collaborative

  • Who We Are
    • Our Mission and Goals
    • About Catholic Nuns
    • Core Values
    • Our History
      • History of ASEC
      • Past Directors
      • Chronology
    • Our Team
      • Staff Directory
      • Board of Directors
      • Advisory Board
    • Our Partners
    • Employment
    • Contact Us
  • Our Programs
    • Programs Overview
    • SLDI
      • Institutional Capacity Building (ICB)
    • HESA
    • Scholarships
    • Service Learning
    • Research Initiative
    • Alumni Programming
  • Impact
    • Impact Statistics
    • News & Stories
      • Recent News
      • Newsletters
      • Success Stories
      • Submit a News Story
    • Research & Publications
      • Published Work
      • Presentations
      • Evaluation Reports
      • Press & Media
  • Where We Work
    • Cameroon
    • Ghana
    • Kenya
    • Lesotho
    • Malawi
    • Nigeria
    • South Sudan
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Get Involved
  • Donate
  • Who We Are
    • Our Mission and Goals
    • About Catholic Nuns
    • Core Values
    • Our History
      • History of ASEC
      • Past Directors
      • Chronology
    • Our Team
      • Staff Directory
      • Board of Directors
      • Advisory Board
    • Our Partners
    • Employment
    • Contact Us
  • Our Programs
    • Programs Overview
    • SLDI
      • Institutional Capacity Building (ICB)
    • HESA
    • Scholarships
    • Service Learning
    • Research Initiative
    • Alumni Programming
  • Impact
    • Impact Statistics
    • News & Stories
      • Recent News
      • Newsletters
      • Success Stories
      • Submit a News Story
    • Research & Publications
      • Published Work
      • Presentations
      • Evaluation Reports
      • Press & Media
  • Where We Work
    • Cameroon
    • Ghana
    • Kenya
    • Lesotho
    • Malawi
    • Nigeria
    • South Sudan
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Get Involved
  • Donate
HomeASEC News & Reflections ReflectionsIs Financial management only about money?

Is Financial management only about money?

Sr. Elsamma is all smiles as she unpacks her new laptop provided by ASEC's generous funder, Conrad N. Hilton Foundation.

Thu, Aug 31, 2017

Sr. Elsamma reflects on her SLDI Finance workshop and how it opened her eyes to the areas of stewardship, accountability, integrity and ethics, all of which are important for good finance practices.

Subscribe to our channel for more videos like this!

I want to express my deep gratitude to the Conrad N. Hilton Foundation for the educational programs they are sponsoring for all religious ministering in Africa. Programs in both finance and administration are being offered. The knowledge gained from these programs is greatly aiding the improvement of all institutions in which the enrolled religious are ministering.

Having been away from any scholastic formation for quite some time, I was happy to be asked  by my Congregation (MMM) to enroll, and excited to have been accepted by AWRIM (Association of Women in Religious Institutes in Malawi). I chose the Sisters Leadership Development Initiative (SLDI) Finance Track I which I attended during June and July, 2017. This was an opportunity to strengthen my present work by learning new technology applications. I encourage as many sisters as possible to take this course. Besides fundamentals of finance, there is much to be learned about stewardship, accountability, integrity and ethics, all of which are important for good finance practices.

I discovered that this program also taught me personality development, and allowed me to interact with colleagues working in the fields of healthcare, accounting and education. I was especially impressed with the way in which AWRIM arranged this program to be affiliated with Catholic University, and with the effort made by the facilitators to come to us to teach their areas of special expertise. It was a great challenge for all of us to understand that our success in our coursework is a positive step in our ability to prepare the people and society in Malawi in little ways that will have a significant effect on forming future generations as civilized societies.

We were left with some questions to ponder. What is meant by Financial Management? Is Financial Management related only to money? Was our coursework only related to business and dealing with money? Since money is a need demanded by all walks of life, what can I do to assure its growth in value so that it is available to all people? How does my own sincere, dedicated, responsible understanding of time management relate to working together for a better society?  How can I teach others to use their own time and energy better, forgetting selfishness and greed in order to serve humanity by bringing about equality, justice, peace and harmony? Do I understand that risk and initiative are good for growth? Am I committed to personal and organizational goals that assist me in living with people of different understanding, different backgrounds, different cultures while promoting open communications and positive thinking?

Thank you, Hilton Foundation, for enabling me to see that now is the time to wake up and see the possibilities for development in my surroundings, and to understand that this begins with my own ability to set and achieve personal and communitarian goals.

Be a Ray of Hope

Communities across Africa are counting on Catholic Sisters, but 48 lack the education needed to carry out their important mission work. You can be a Ray of Hope for a Sister who needs you by donating to her education today.

Donate Now

Sr. Elsamma Varkey, MMM

Author
Employee at St Mary’s Rehabilitation Centre in Dowa District - Malawi

Sr. Loretta Mulry, IHM

Editor
Volunteer Editor - USA

Keep Reading...

  • Improving the capacity of African sisters in managing financial resources

    The finance and resource mobilization skills learned in the SLDI program has enabled Sr. Cecilia to secure funding for a finance workshop that attracted 45 sisters from over 20 congregations.

  • Catholic Sisters in Malawi Realizing Dreams

    Numerous dreams of the religious congregations, the church and Malawi as a nation are being realized thanks to ASEC, the Hilton Fund and all well-wishers who support ASEC programs.

  • Sisters Leadership Development Initiative (SLDI) program, 2019 year in review

    A year in review of the Sisters Leadership Development Initiative (SLDI) program. Read about milestones, news and experiences from 2019 as SLDI Phase IV comes to a close.

Back to news

Filed Under: SLDI, Reflections

Primary Sidebar

  • Impact Stats
  • ASEC News & Reflections
    • Recent News
    • Newsletters
    • SLDI Program Schedule
    • Submit a News Story
  • Research & Publications
    • Research Initiative
    • Published Work
    • Presentations
    • Evaluation Reports
    • Press & Media
  • Success Stories

Join Our e-Newsletter

Sign up for updates, new events and more!

This field is for validation purposes and should be left unchanged.

Footer

Get In Touch

African Sisters Education Collaborative (ASEC)
2300 Adams Ave, Emmanuel Hall
Scranton, PA 18509
570-340-6089 as*******@*******di.org

Staff and Students

  • Staff Portal
  • Student Portal
  • Email Login

Board Portals

  • Board of Directors
  • Advisory Board

Additional Resources

  • Research & Publications
  • Where We Work
  • Jobs
  • Guidestar Profile
  • Privacy Policy
  • Sitemap
  • Donate
Scroll Back to Top
  • Facebook
  • Twitter
  • Linkedin
  • Youtube
  • Instagram
  • Pinterest

Copyright © 2026 African Sisters Education Collaborative. All Rights Reserved.

Website Design by Tribal Digital Media