Teach 15,000 rural kids to save and invest

by NATCCO (National Confederation of Cooperatives)
Oct 10, 2013

Children in Paranaque start saving

The Aflatoun population contin­ues to grow as NATCCO partners become more and more involved. Last September 11-13, San Dio­nisio Credit Cooperative (SDCC) took another big step by conducting Aflatoun orientations and launching the Program in the nine (9) partici­pating schools in Parañaque. With the help of SDCC officers headed by Mrs. Marites Sanchez, teachers and students alike were drawn to the Aflatoun concept of Child Social and financial education. SDCC General Manager, Ms. Cielito Gar­rido, expressed her full support for the program and was attentive to the members’ questions about the processes of membership, deposit, and withdrawal. Having learned that SDCC has opened their membership to the en­tirety of Parañaque, teachers and par­ents who are non-members of SDCC but are aware of the Cooperative’s re­spectable reputation also expressed their interest to apply for membership and support the Program. The participating schools were as follows: Parañaque Elementary School, Parañaque Elementary School Unit II, San Dionisio Elementary School, La Huerta Elementary School, Silverio Annex Elemen­tary School, Fourth Estate Elementary School, Sampaloc Site II Elementary School, San Agustin Elementary School, and Col. E. De Leon Elementary School. It was an enthusiastic welcome for both SDCC and NATCCO as the students openly expressed their willing­ness to save and their appreciation for a child-friendly banking system.

The launch was held at the SDCC training room with more than 50 students and teachers in attendance. SDCC CEO, Ms. Cielito Gar­rido, graced the event and shared an inspirational anecdote of her savings experience with the Cooperative back when she was the same age as the participating students. Mrs. Evelyn Luching, a BOD Member, reminded everyone that the launch marks the beginning of a financial journey and congratulated the students for being part of the Program. Most of the student-representatives were able to open their accounts during the launch and promised to continue and help spread the initiative of saving.

Children happily receive their savings box
Children happily receive their savings box
Students actively taking part in the launching
Students actively taking part in the launching
Visiting the school for the program orientation
Visiting the school for the program orientation

About Project Reports

Project Reports on GlobalGiving are posted directly to globalgiving.org by Project Leaders as they are completed, generally every 3-4 months. To protect the integrity of these documents, GlobalGiving does not alter them; therefore you may find some language or formatting issues.

If you donate to this project or have donated to this project, you will get an e-mail when this project posts a report. You can also subscribe for reports via e-mail without donating.

Get Reports via Email

We'll only email you new reports and updates about this project.

Organization Information

NATCCO (National Confederation of Cooperatives)

Location: Quezon City, Metro Manila - Philippines
Website: http:/​/​www.natcco.coop
Project Leader:
Lasalette Gumban
Youth Program Officer
Quezon City, Philippines

Learn more about GlobalGiving

Teenage Science Students
Vetting +
Due Diligence


Woman Holding a Gift Card
Gift Cards

Young Girl with a Bicycle

Sign up for the GlobalGiving Newsletter

WARNING: Javascript is currently disabled or is not available in your browser. GlobalGiving makes extensive use of Javascript and will not function properly with Javascript disabled. Please enable Javascript and refresh this page.