Promoting Social and Financial Education to Filipino School Children

• Recall the time when you received your first salary.

• What did you do with it?• Share your answer to your

neighbor.

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Why Aflatoun?

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2.5 Billion people have no formal account

Financial Literacy

a combination of awareness, knowledge, skill, attitude and behavior necessary to make sound

financial decisions and ultimately achieve individual financial wellbeing.

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House Bill 490

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House Bill 490 or the “Financial Literacy Act of 2012” that seeks to encourage the development of financial literacy programs in public and private educational institutions.

WHY CSFE : Begin with the end in mind

“I think (CSFE) is really helping me, my classmates, and my friends. We are more conscious about saving money, or knowing how much things cost. We are also learning social issues, like being there to help others …

We have helped clear our school premises. We are helping make the school a better place for studying. We had a meeting together, the parents, the students, and the teachers. We decided to set up latrines in the community with the students’ savings. The grown-ups gave some amount also and set up the latrines.”

Shafiqul Islam

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Begin with the end in mind…

“Meet gifted crafty entrepreneurs. Their gifts and crafts are creative money savers.”

Begin with the end in mind…

“Meet the jewelers with bright future.”

Bangued, AbraADTEMPCO

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Instead of going out of the classroom during recess time, the class was divided into groups and each would decide on what to sell during their break. Aside from not being trapped into long lines at the canteen, income generated from this will be divided among the group members and will be deposited in their respective Aflatoun savings account.

Begin with the end in mind…Passi City, Iloilo

PACEMCO

Begin with the end in mind…

“Meet the team that sells frozen assets. Selling their ice lollies doubled their savings for a class project.”

Why Aflatoun...

• Need to start in younger age: early intervention logic, more effective than those aimed at older population

• Need to make use of existing educational structure: schools are most efficient intervention to achieve equality in financial literacy; involvement of education sector as experts in learning

Where we are now84 co-ops

4,070 teachers’ trained

255,551 children

585 schools

P71,907,701.94

Exciting things that happened in 2014Organized the 1st Aflatoun Philippines National Summit

on February 7-8, 2014

1st PlaceElvira Paller

Laureta Elementary SchoolTagum City

Asia (16)

IndiaBangladeshNepalPakistanPhilippinesThailandChinaIndonesiaCambodiaMongoliaAfghanistanSri LankaLaosMalaysiaVietnamMyanmar

Where we are: Aflatoun is ‘live in schools’ with over 2 M children/youth in 104 countries

Europe & CEE/CIS (20)

SerbiaNetherlandsMoldovaKosovoAlbaniaLithuaniaGeorgiaKazakhstanMacedoniaPortugalBelarusKyrgyzstanAzerbaijanTajikistanPolandIcelandArmeniaUkraineRussiaBosnia Herzegovina

Americas (19)

ArgentinaEcuadorParaguayPeruCosta RicaNicaraguaEl SalvadorBrazilChileHondurasPanamaGuatemalaMexicoColombiaBoliviaSurinamePuerto Rico UruguayDominican Republic

Anglophone Africa (17)

GhanaKenyaMozambiqueNamibiaNigeriaTanzaniaUgandaZimbabweGambiaLesothoEthiopiaZambiaSierra LeoneBotswanaSwazilandMalawiSouth Africa

MENA (12)

Jordan SyriaEgypt AlgeriaSudan YemenPalestine LebanonMorocco BahrainLibya Saudi Arabia

Francophone Africa (17)

Guinea ConakryGuinea BissauMauritius SenegalChad BeninNiger BurundiTogo CongoCôte D’IvoireMali Burkina FasoRwandaCameroonDR CongoCentral African Republic

Program’s MissionInspiring children to socially and economically empower themselves as change agents for their own lives and for

a more equitable world

• Aflatoun – (noun), Arabic word which means the “the explorer”

• Aflatoun – (noun), In India, Aflatoun means, “the clever child”

• Also derived from “Plato”, one of the famous Greek Philosophers

Maieutics

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• Aflatoun Motto stimulates independent thinking:– “Separate fiction from fact, explore, think,

investigate and act”

Activity

AnalysisAbstractionApplication

Explore

Think

InvestigateAct

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Nurturing the Holistically Developed Filipino (College and Livelihood Readiness, 21st Century Skills)

– Every graduate will be equipped with:

• Information, media and technology skills,

• Learning and innovation skills,• Effective communication skills, and• Life and career skills.

Entrepreneurial and Financial literacy, 21st Century Life Skills

Teachers’ Guide

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The Five Core Elements

1. Personal understanding and Exploration2. Rights and Responsibilities3. Saving and Spending4. Planning and Budgeting5. Social and Financial Enterprise

Promotes Life and Career

Skills – one of the goals of

DepEd’s K-12 Program

Core Activities

• Aflatoun Child-Friendly Classes

• Having a Savings System• Using a Financial System• Conduct Social Enterprise• Conduct Financial

Enterprise

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Personal Understanding and Exploration

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Rights and Responsibilities

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Saving and Spending

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Planning and Budgeting

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Social and Financial Enterprise

As a programProgram: Out of the home into classroom

Teachers have played a major part in spreading the Aflatoun program in the Philippines.

Lanao del NorteZamboanga del NorteMisamis OccidentalDavao del NorteBukidnonSurigao del NorteSaranganiZamboanga del SurZambonga SibugayAgusan del Sur

Camarines SurNCRIlocos SurIsabelaSorsogonZambalesAbraBulacanCamarines NorteQuezonBataanIfugao

LeyteSouthern LeyteAntiqueGuimarasCebuBoholIloiloNegros OccidentalNegros OrientalDumaguete

www.natcco.coopAflatoun sa Pinas – Facebook Group

Lasalette M. GumbanYouth Program Officer

NATCCO