Fep Report

Families and Children for Empowerment and Development FINANCIAL EDUCATION PROGRAM-Community Based approach STATUS REPORT For the Period of October to August 2008 I• •

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Executive Summary This report covers the activities of FCED Financial Education ProgramCommunity Based Approach conducted to the out of school children and/or youth as of October 2007 to May 2008. The report highlights the accomplishment of the objectives of the FEP program. Likewise, it includes the challenges encountered during the implementation of the program and in conducting the series of sessions and the actions taken to address these. Moreover, the report will present the assessment and recommendation to the program. FCED project has sent 4 staff to be trained in Financial Education Program last August and the launching was done last October 2007. The actual implementation of the program among the screened participants was done in October 2007 to March 2008. Financial Education Program was integrated to child development sessions of the BCYA program. Accomplishment and Report • The program has a two major objectives, which have been achieved already: 1) a financial education curriculum for the OSY; 2) 9 children already has personal account in Micro-Finance that served as their saving. • FCED has joined Childhope to implement the Financial Education curriculum in a community based approach. The curriculum includes modules on job motivation, visioning, personal accounting, budgeting, as well as saving. • There are 15 out of school children and/or youth who were screened using the screening tool developed by the FCED project. These children are usually sponsored children supported by Christian Children’s Fund and some other participants are siblings. • As per record in the Micro-Finance, there are 9 children who have already begun their savings. Savings has taken from their educational reimbursement and some were taken from their designated fund certificate (DFC) given by their sponsors. • Although, they have the means to save money coming from their sponsors but they also save from their personal money. • FCED also start implementing the FEP curriculum to the ALS learners of the project. There were 10 out of school youth from barangay 821 and 9 from barangay 823.

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Problems Encountered and actions Taken •

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Some of the screened participants have failed to attend certain sessions because of the conflict of activities. There are four (4) participants who enrolled in vocational course that has conflict with the scheduled of the session. To address this problems, the social worker come up with the new schedule were the participants will be conducive to attend the session. However, some of the participants have given more attention to their part time work and other participants have attitudes of laziness. Review of the sessions was always done in order for the absentees to make up the sessions that they missed. The participants will not come on the set schedule if they will not be reminded or given letter by the social worker. Social worker makes sure to give them letter of invitation every session. Due to many activities during summer most of the time prepared for the preparation of the children and youth activities such as sportsfest and mini-olympics and level-up camp.

Assessment and Recommendation •

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The participants are very expressive during the sessions. They are really thankful because the FEP program and its content are really fruitful for them because it adds knowledge to them especially in savings. The participants are very open about themselves in dealing with the other participants especially during the course of visioning sessions. Social worker has come up with the idea of giving more fruitful sessions according to the needs of the participants. However, the social worker has seen that some of the screened participants are not committed to the program showed by irregularity in attending the sessions. With this, the project recommends to open the youth leaders to become the 2nd liner participants for the FEP curriculum. Integrate the program to the entire ALS learner. Meeting with the Instructional Manager to discuss about the integration of Financial Education to all ALS zlearner5

Prepared by: Jonel B. Balaoro Social Worker Noted by: Ms. Norilix A. Mansos Project Coordinator