Education Philippines Project #4881

Teach 15,000 rural kids to save and invest

by NATCCO (National Confederation of Cooperatives)

Teach 15,000 rural kids to save and invest

Project Report | May 26, 2015
NATCCO develops regional module translation

By Anna Del Rosario | Youth Program Associate

In partnership with Citi Philippines, the National Confederation of Cooperatives and the Komisyon sa Wikang Pilipino (Commission on Filipino Languages) inked on July 25 a Memorandum of Agreement to translate Aflatoun materials from English into four major languages: Tagalog, Hiligaynon, Cebuano, and Ilokano.

The program is funded by Citi Foundation in line with its global commitment to promoting financial education across ages in support of financial inclusion.

NATCCO Chief Operating Officer, Raul Calayan, welcomed the guests, saying: “Translating our Aflatoun materials will reach a greater number of kids! This early, I am confident that our partnership will accelerate the Aflatoun Program. More schools will get involved. More teachers will be trained. More children will know their United Nations Rights, how to handle money, and be responsible for their future.”

Dr. Virgilio Almario, Chairman of the Komisyon sa Wikang Pilipino, said: “When I was first approached about this project, I at once thought it was a nice project and that the Komisyon sa Wikang Pilipino should be involved in it. I like the spirit of cooperatives and I like the idea of Aflatoun!” he added.

Citi Philippines CEO Batara Sianturi and Corporate Affairs Director Aneth Ng-Lim witnessed the signing ceremony. Addressing the stakeholders, Sianturi related that Citi has initiated partnerships with various institutions around the world to promote financial literacy. In the Philippines, their array of partners has included a children’s museum for a traveling exhibit on money matters, an education-focused non-profit to design, produce and broadcast shows on personal finance and entrepreneurship, and the Bangko Sentral ng Pilipinas in providing workbooks and textbooks on financial literacy to public school students in Cebu. Citi’s audiences have also covered a wide spectrum of ages, lifestyles, education and income backgrounds.

“This is not the first time that Citi and Aflatoun have come together to improve access to financial education. It is never too early to start saving, as well as to learn the value of saving. As such, we are delighted to drive this initiative

that aims to empower at least 7,200 Filipino children ages 6-9 in public schools across the country to be positive change agents in their communities through strong social awareness and practice of positive financial behavior.”

Under the Aflatoun Program, (qualified) NATCCO member cooperatives partner with local schools to train teachers to include in the curriculum financial literacy and the United Nations Children’s Rights. A collector visits the schools weekly to collect the kids’ savings which is placed in a special account in the cooperative.

Aflatoun began to be implemented in 2006. Today, there are 81 co-ops in the program partnering with 545 schools to reach 137,000 children – teaching them to save and invest for a better future.

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May 26, 2015
More teachers get involved in Visayas and Mindanao

By Anna Del Rosario | Youth Program Associate

As the year comes to a close end, the Aflatoun program continues to inspire more and more teachers all over the country. The nationwide social and financial journey started by NATCCO in 2006 is now being taught by more than 4,000 teachers in 500 schools. Aside from Aflatoun lessons, livelihood and other social activities also help inculcate values and responsibilities in the minds of children. In November 2014, two (2) trainings were conducted by the Aflatoun Team in Visayas and Mindanao.

Teachers in Belison, Antique attended the training on November 7-8, 2014 conducted by extended Aflatoun trainer, Ms. Girlie Lero and Youth Associate Anna Del Rosario. General Manager, Mr. Salvador Estaris, congratulated the teachers for accepting the invitation, noting that they have also taken the initiative to strengthen the community’s social and financial education. Their planning outputs indicated a year-long commitment of implementing the program in their respective schools. The buy-in of the program was also strong for the teachers since one of the school administrators is a member of Belison MPC’s Board of Directors. Everyone was especially thankful for the training commending the practicality and timeliness of the program.

A week after the training in Belison, the social and financial education program was also introduced in one of the municipalities near Antique, particularly in Lambunao, Iloilo. Ms. Girlie Lero and Ms. Lasalette Gumban, Youth Program officer of NATCCO, conducted the training on November 14-15, 2014 at Lambunao National High School. More than 50 teachers attended the training and expressed their appreciation for the program saying that it will actually be a big help not only for their personal lives but also to the lifestyles of the people in their community.

Beating the red light this month, Digos Market Vendors Multi-Purpose Cooperative (DIMAVEMC) conducted its Aflatoun Teachers’ Training on November 28-29, 2014 at the Prangel Snack Inn. Through the generous support of the Department of Education division of Digos City, six (6) schools were invited for the two-day training organized in partnership with DIMAVEMC. The invited schools were: Don Mariano Marcos Elementary School, Digos Central Elementary School, Ramon Magsaysay Elementary School, Aplaya Elementary School, Pedro Basalan Elementary School, and Digos City National High School. Teachers were more than grateful to be part of a nationwide program that works to equip chidlren with skills and knowledge that would make them change agents for their lives and for the community.

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May 26, 2015
Aflatoun flame burns brighter in Mindanao

By Anna Del Rosario | Youth Program Associate

While most schools are getting ready for winter break, several schools are embracing the idea of social and financial education brought to them by the Aflatoun Program. For the last two months of 2014, three of NATCCO’s cooperative partners officially launched the Aflatoun Program in their respective pilot schools. Students, teachers, and cooperatives in Zamboanga del Sur, Agusan Del Norte, and Digos City are gearing up for better savings, social and financial enterprises, and personal development for 2015.

At the far end of Zamboanga del Sur, students from six different schools were visited by Aflatoun; Midsalip Farmers Multi-Purpose Cooperative (MIFAMCO) in partnership with school administrators, led the formal launching for the program. NATCCO representative, Anna Del Rosario, and HR Officer and Aflatoun coordinator of MIFAMCO, Ms. Marlie Oling, oriented the students on the social and financial implementation of the program. MIFAMCO’s pilot schools are: Midsalip Central Elementary School, Midsalip Central Special Education School, Timbaboy Elementary School, Canipay Norte Elementary School, Buloron Elementary School, and Midsalip National High School.

Meanwhile on November 20-21, 2014, students from Carmen Central Elementary School, Carmen National High School, Cabadbaran South Central Elementary School, Cabadbaran National High School, Buenavista National High School, East Bayugan Central Elementary School, and Santiago Central Elementary School welcomed the Aflatoun Program brought to them by Agusan del Norte Teachers and Retirees Multi-Purpose Cooperative (ANTRECCO) in partnership with NATCCO. Youth Program Associate Hazel Ann Mangaya oriented them about saving, spending, and social involvement emphasizing on the partnership between the schools and ANTRECCO. Most of the students opened their Aflatoun accounts soon after the launching given the popularity and good standing of ANTRECCO in the area.

Children in Digos City, Davao del Sur also ended the year with social and financial preparedness. Coop staff, teachers, and school administrators opted to organize the launching right before Christmas vacation to start instilling the value and discipline of saving money especially this Christmas season. The launching for DIMAVEMC was held on December 15-16, 2014 in six pilot (6) schools within the area. Teachers and school administrators are hopeful that Aflatoun will strengthen the molding of the students’ social and financial perspective throughout its implementation.

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