Empowering Women through Financial Education and Microfinance - NWTF
"Learn about Negros Women for Tomorrow Foundation Inc. and their impactful projects, Kasanag and Dungganon. Discover why financial education is crucial for empowering impoverished women, and how NWTF delivers tailored programs to support their clients. Explore the challenges faced and the desired outcomes for promoting financial literacy and success in the community."
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Presentation Transcript
NEGROS WOMEN FOR TOMORROW FOUNDATION INC FINANCIAL EDUCATION IN MICROFINANCE project kasanag project dungganon
M I L E S T O N E Brief Background M I L E S T O N E S S Founded on August 9, 1984 Registered with SEC on March 6, 1986 Established Project Dungganon in 1989 Started Project Kasanag in 2000 (Individual Loan window) Opened Dungganon Bank (a Microfinance Thrift Bank) in 2005 Organized DO-IT Foundation in 2011 Has 58 Branches in 14 Provinces in the Visayas & Palawan catering to 131,000 Active Loan Clients 921 total workforce
WHYISTHEPROVISIONOF FINANCIAL EDUCATIONIMPORTANT? Most of our clients are poor women who are less educated, but have some IGSS or Income Generating Survival Skills that they relied for their survival in their many years of poverty. Financial Education concretizes their crude business knowledge, experience & skills, to make sure that they earn profit from the businesses they presented to NWTF for funding.
HOWDID NWTF DEVELOPTHEPROGRAM? WHOWERE ITSPARTNER? The Financial Education of NWTF is customized, a result of a diligent search for a program that could meet clients need. We don t have formal partners, but we acknowledged some Institutions whose manuscripts, publications & training programs were valuable in the development of our own.
HOWDOES NWTF DELIVER FINANCIAL EDUCATION TOITSCLIENTS? WHOCONDUCTSIT? The Client Services Department was established precisely to deliver the Non-Financial Services to the end- clients, that include among others, Financial Education. CSD has qualified trainers to run financial education sessions.
WHATARETHECHALLENGESENCOUNTEREDBYTHE ORGANIZATIONINTHEPROMOTIONOF FINANCIAL EDUCATION? Income lost while attending Financial Education; Appropriate tools to measure social and financial impacts of trainings for the end-clients & cost-benefit to the institution.
WHATARETHERESULTSYOUWANTTOSEE? WHATARETHE MEASURESOFSUCCESSINTHECONTEXTOFYOUR ORGANIZATION SPROMOTIONOFFINANCIALEDUCATION? Results We Want To See: Families are able to identify income sources that have potential to bring in more inflows & recognizing some unnecessary family expenditures that should be reduced /or minimized, to bring a surplus for the family; Prepared Family Financial and Family Saving Plans, for a happy future; Prepared Family Cash flow Plan with Savings incorporated in the outflow. a. b. c. Measure of Success: Change in Attitude Income Surplus (in form of savings or money infused to an existing business). a.
MY SAVING PLAN Saving Goal Lump Sum Needed When Needed Amount of Savings Required per Month Ranking of Importance Short-term: - House repair - Maternity - Wedding Long term: - College Education - Emergency Total
MY FAMILY CASHFLOW PLAN Week 1 Week 2 Week3 Week4 Total CASH IN 1. Beginning Balance 2. Add: Income for the week Total Inflow CASH OUT 1. Household Expenses 2. Savings 3. Loan amortization Total Outflow NET Inflow for the week
MARAMING SALAMATPO!!!
