Teach 15,000 rural kids to save and invest

by NATCCO (National Confederation of Cooperatives)
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Teach 15,000 rural kids to save and invest
Teach 15,000 rural kids to save and invest
Teach 15,000 rural kids to save and invest
Teach 15,000 rural kids to save and invest
Teach 15,000 rural kids to save and invest
Teach 15,000 rural kids to save and invest
Teach 15,000 rural kids to save and invest
Teach 15,000 rural kids to save and invest
Teach 15,000 rural kids to save and invest
Teach 15,000 rural kids to save and invest
Teach 15,000 rural kids to save and invest
Teach 15,000 rural kids to save and invest
Teach 15,000 rural kids to save and invest
Teach 15,000 rural kids to save and invest
Teach 15,000 rural kids to save and invest
Teach 15,000 rural kids to save and invest
Teach 15,000 rural kids to save and invest
Teach 15,000 rural kids to save and invest
Teach 15,000 rural kids to save and invest
Teach 15,000 rural kids to save and invest
Teach 15,000 rural kids to save and invest
Teach 15,000 rural kids to save and invest
Teach 15,000 rural kids to save and invest
Teach 15,000 rural kids to save and invest
Teach 15,000 rural kids to save and invest
Teach 15,000 rural kids to save and invest
Teach 15,000 rural kids to save and invest
Teach 15,000 rural kids to save and invest
Teach 15,000 rural kids to save and invest

Project Report | May 6, 2021
We Bring Hope, We are Paglaum!

By Agnes Jane Equia | Paglaum MPC Youth Coordinator

Paglaum Youth Laboratory Cooperative was created and organized last December 29, 1998 and registered under CDA CGY Recognition No. 0001 making it the first laboratory cooperative organized in the area with an initial 315 members and start-up deposit of Php 67, 993.26. The laboratory cooperative was created to mould the youth as second liners of Paglaum MPC, it specifically serves as a training ground for members in the management and operations of the cooperative. It serves as a venue for teaching the youth the value of saving, thriftiness and financial literacy.

One of the flagship Youth programs of Paglaum is the Aflatoun. It is a school-based savings program that encourages school children to save a portion of their allowance to the cooperative. Paglaum started the implementation of the Aflatoun with 6 partner schools last 2013. Every week, the Aflatoun coordinator will collect their savings and deposit it to their personal account in the cooperative. Through the Aflatoun Program, with 16 partner schools, the total school-based savings amounted to 990,395.50 last school year 2019-2020 alone.

Paglaum MPC serves predominantly rural communities, as the Coop’s tagline goes: “Reaching out to Rural Communities” Aflatoun is one of the programs that Paglaum brought to the rural communities and was received with much warmth by the Schools and Children as it was a great opportunity for them to further learn and grow. Children and teachers are very happy with the Aflatoun program because it allows them to save even without travelling far to the town proper. More than just creating the savings account, the value of saving is always emphasized through regular school visits and engaging activities.

In order to give value and further promote Aflatoun Program, Paglaum initiated several activities for its partner schools. Besides that, the cooperative is also fortunate to be in the loop with national and international organizations that are capable of initiating events which can be done within the community.

Some of the events include: The Aflatoun International Day, Global Money Week, Basic Cooperative Courses, Coop Seminars and Youth Summit. Such exposure has been very helpful in imparting the Advocacy and Values that Paglaum wishes to integrate among its Youth and Aflatoun Savers.

The past year has been very challenging in terms of the implementation of the Aflatoun school visits due to the absence of face-to-face classes because of the COVID-19 pandemic. When the world was in a standstill, Paglaum Youth Savers continued to reach out to our office requesting for their savings to picked-up. That is why Paglaum Youth Team decided to do a Pick-up Savings so that savers will still be inspired to continue their savings even while they are unable to go to school.

As we all look forward for a brighter and better 2021, the Paglaum Youth Team will continue to innovate and find ways to promote the Aflatoun, together with its other advocacy programs. The present challenges will not bring us down, perhaps it can propel us to even greater heights. As General Manager Gadwin Handumon always say, in vernacular “Handumon nato kanunay adunay Paglaum, (Remember always, there is Hope).”

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Feb 9, 2021
An Inspiring Story fresh from Guimaras

By Guimaras Brethren Multi-Purpose Cooperative | Aflatoun Partner Coop in the Philippines

Jan 11, 2021
Official Launching of the Aflatoun Manual

By Hazel Ann Lenida | Youth Program Officer III

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Organization Information

NATCCO (National Confederation of Cooperatives)

Location: Quezon City, Metro Manila - Philippines
Website:
Facebook: Facebook Page
Project Leader:
Lasalette Gumban
Youth Program Officer
Quezon City , Philippines
$6,000 raised of $10,000 goal
 
126 donations
$4,000 to go
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