In the Philippines, school children in the rural areas do not have access to financial institutions. They also have low awareness on the value of savings and investment; things that can help them break the cycle of poverty. The project empowers 15,000 poor rural school children to become financially-literate, entrepreneurial, and socially-aware. They can achieve this through social and financial education and social and financial entrepreneurial activities that are included in the curricula.
The project teaches young people to save through the integration of social and financial education in the school curriculum. 15,000 disadvantaged children will have the opportunity to open a child-friendly savings account that earns interest. This project is also intended to involve and teach the teachers and parents to be economically-responsible individuals thru provided training.
The project will provide children the experience of savings, entrepreneurship, and managing their own financial resources thru real-life opportunities in the cooperative and community. The project believes that financially disadvantaged children can play a crucial role in breaking the cycle of poverty.