CATEGORY: COMMUNITY SERVICE
WINNER: NATIONAL CONFEDERATION OF COOPERATIVES (NATCCO)
ENTRY: “AFLATOUN SOCIAL AND FINANCIAL EDUCATION PROGRAM”
NATCCO’s “Aflatoun Social and Financial Education Program” in the Philippines stands out as a school-based program that allows children from diverse socio-economic backgrounds to manage their own savings account and learn about their savings, spending, budgeting, among others. The program is being implemented in 809 schools, with 5,500 teacher-advocates. More than 250,000 children have maintained savings accounts which now amount to P107 million.
Through strong partnership with the Department of Education, these concepts are methodically integrated in the general schools and local cooperatives. Simultaneously, the program introduces cooperatives as a credible top-of-mind financial institution for the youth and the community.