Global Money Week

2016 Philippines Money Week

Leading Organizations:
Bangko Sentral ng Pilipinas (Central Bank of the Philippines)

Participatign Organizations:
Department of Education
Bankers Association of the Philippines
Bank Marketing Association of the Philippines
Commission for Filipinos Overseas
Paglaum Multi-Purpose Cooperative
Children International
Aflatoun
Natcco (Aflatoun partner)

Date of the event:
14th - 18th of March

Total number of children & youth engaged: 20 000
Total indirect reach: 100 000

The Bangko Sentral ng Pilipinas (BSP) led the Global Money Week celebrations in the Philippines, where the bank partnered and coordinated with the Department of Education (DepEd), Bankers Association of the Philippines (BAP), Bank Marketing Association of the Philippines (BMAP), Standard Chartered Bank (SCB) and various schools across the country. Additionally, the Commission for Filipinos Overseas (CFO), Children International (CI) – Philippines, and the Paglaum Multi-Purpose Cooperative also independently organized activities to join the celebrations.

Launched during Global Money Week, BSP organized sessions with DepEd K-to-12 curriculum trainers, representing each regional and divisional office in the country, about the BSP-DepEd Financial Education program. The objective of the sessions was to train public school teachers on integrating and enhancing financial lessons in the public elementary school curriculum contained in the BSP-DepEd Teaching Guides for Financial Education.

To engage children, visits to the BSP Money Museum were organized, which houses BSP’s collection of currencies from the Philippines and those of other countries. A savings campaign and Money Box Challenge was also organized, where the “Best Decorated” box was awarded with a certificate and a cash prize to match their savings. Moreover, the highest individual savers were also given awards and limited BSP Tandang Sora commemorative coins. BSP also collaborated with SCB to take public school children on an educational trip: Grade 5 students of Pembo Elementary School in Makati City were treated to a field trip to receive a brief orientation on basic banking processes and concepts. To add to the celebrations, BSP coordinated a video conference between Grade 6 students of San Ildefonso Elementary School, in Bulacan, and Russian students, on creative ways to save and earn money while learning about each other’s savings habits, money management skills and culture.

Philippine National Bank (PNB), together with the largest media conglomerate in the country (ABS-CBN Lingkod Kapamilya Foundation, or ALKFI), undertook a financial education project entitled “Young and Empowered Students for the Philippines” (YESPh), which motivated top savers with awards and cash prizes credited directly to their savings accounts. In addition, PNB also brought their “Bank-on Wheels” to various schools, an armored truck converted into a mobile bank branch.

Paglaum Multi-purpose Cooperative also organized a range of activities during the week kicked-off with a motorcade around their province. Following this, 250 students joined the first recycling campaign in their community, where they were taught about the importance of GMW and financial literacy for the youth, along with essay writing and poster making contests that were conducted for elementary and high school students around the theme “Take Part. Save Smart!” In addition, Grades 4 to 6 students participated in a piggy bank making contest. Finally, to ensure a holistic approach to GMW, the Paglaum MPC also organized a financial planning seminar for public school teachers.

Additionally, Children International implemented a variety of activities to engage children and youth in learning about responsible spending and saving habits. In Bicol, students were able to visit a money museum and see the variety of currencies collected. In addition, students took part in an art contest to raise financial awareness, plays that taught about children’s rights and a reflection session over the value of money. In Manila, facilitators had the opportunity to share their Aflatoun experience with facilitators in Indonesia via a Skype call. The program was promoted through a large event, where participants saw skits, played games, and received souvenirs. In Quezon City, youth played a budget basket game to learn about spending, saving, and planning responsibly. Youth also pledged to save money for the future, whether it was for school supplies, a trip, or emergency fund.

 

2015 Philippines Money Week

Participants:
Bangko Sentral ng Pilipinas (Central Bank of the Philippines)
Department of Education
Bankers Association of the Philippines
Bank Marketing Association of the Philippines
Commission for Filipinos Overseas
De La Salle University MBA Finance Society
Children International - Philippines
Paglaum Multi-Purpose Cooperative
Date of the event:
9th - 17th of March
Number of children reached:
5 736

Bangko Sentral ng Pilipinas (BSP or the Central Bank of the Philippines) took the lead in celebrating Global Money Week this year in the Philippines. To promote the cause of financial literacy for both young and the old, the Central Bank partnered with Commission for Filipinos Overseas (CFO), Department of Education (DepEd), Bankers Association of the Philippines (BAP), Bank Marketing Association of the Philippines (BMAP), various schools and bank. The De La Salle University (DLSU) MBA Finance Society, Children International (CI) – Philippines, and the Paglaum Multi-Purpose Cooperative also organized different set of activities to celebrate the week.

The Central Bank in cooperation with DepEd organized multiple sessions on “Financial Education and Savings Promotion”. The sessions focused on stressing and advancing the habit of savings, growing awareness about the difference between a want and a need, developing self-confidence and belief in themselves and how they could take charge of their futures.

To facilitate sharing of experiences, a web conference was hosted for grade 5 students from Baguio Special Education Center with grade 5 and 6 students from Butuan City Special Education Center. Another web conference was organized between grade 5 students from Baguio Special Education Center and high school students from Russia (through Russian Gymnasium #1552) and primary school students from Brunei Darussalam (through the Ministry of Education of Brunei Darussalam).

The Central Bank worked with the Bankers Association of the Philippines and the Bank Marketing Association of the Philippines to launch the Kiddie Account Program, the country’s premier financial inclusion program targeted at delivering child-friendly children savings accounts.

To promote good saving habits by celebrating success stories, the Central Bank awarded the “Bida sa Pag-iimpok” Award (Leader in Savings Award) to Rexza Mae Panaligan, a grade 5 student of Santa Barbara Elementary School. Her story and interview was then published as a video on the “Bida sa Pag-iimpok” Facebook page. In the video, she shares her personal insight on her financial literacy advocacy. On March 18th, the “Guro ng Pag-Asa” (Teacher of Hope) Award Ceremony for the best financial educators in public elementary schools in 2014 was organized. The program recognized the teachers who have demonstrated excellence in teaching and integrating lessons on savings, money management, and entrepreneurship in the public elementary schools.

The Commission for Filipino Overseas disseminated the video “PESO Sense Tips for Students” across the country. The video was developed to make Filipino children more aware about the importance of financial literacy, savings, and the understanding about the value of money.

Addressing young adults, the DLSU MBA Finance Society organized a seminar for college freshmen students with the theme “Save Today. Safe Tomorrow.”. In this seminar, MBA Finance students of DLSU were able to share their knowledge and skills with other students. The initiative targeted students to become more aware of developing the habit of saving and how they could shape their future - to be able to help themselves and their communities.

In Plaridel in South Philippines, Global Money Week was celebrated under the leadership of Paglaum Multi-Purpose Cooperative and in coordination with the Plaridel Rural Bank, Looc National High School, Looc Elementary School, and Mamanga Daku Elementary School. A motorcade to promote the event went around the town and a visit to financial institutions was organized to raise the awareness about money matters among youth. Workshops on financial literacy for teens were also organized through Paglaum’s “Youth Teen Savers” program. CYFI’s Youth Talks were also organized that provided an opportunity for Filipino youth in Plaridel to interact with their peers from around the world.

In Tabaco, Children International (CI) organized a 2-day Financial Literacy Seminar-cum-Workshop to allow youth to analyze financial issues affecting them, and identify concrete steps and learn technical skills to respond to these issues. An official from the Department of Agriculture of Bicol University and an entrepreneur coached the participants on several topics such as: Factors affecting Financial Condition among Filipinos; Financial Values: Excerpts from the 8 Secrets of the Truly Rich (How Can you Create Material Wealth and Gain Spiritual Abundance); and Financial Planning.

In Legazpi, CI partnered with Bogtong Elementary School, Arimbay High School, Homapon High School, and Pawa High School to organized activities for Global Money Week celebration. Activities focusing on financial education and savings like presentations, plays, poster making, and essay writing were conducted. "Finding Resources Game", a game to promote and strengthen financial skills of the youth, was conducted where children learned to create and present of proposals.

In the National Capital Region (NCR) of the Philippines, CI organized an international skype call with other CI partners from the Netherlands, Bosnia, and Zimbabwe. Children shared their experiences, motivations for saving and learning. Presentations on savings, spending, planning and budgeting for high school students were also made. In Quezon City, CI organized a film screening for elementary and high school kids to promote the concept of savings and financial planning.

 

2014 Philippines Money Week

Participants:
Bangko Sentral ng Pilipinas
Department of Education
Bankers Association of the Philippines
Children International
Date of the event:
18th February - 14th March
Number of children reached:
3 000
Additional children reached through media:
50 000

Bangko Sentral ng Pilipinas along with Department of Education, Bankers Association of the Philippines and many others organized a series of activities prior to and during Global Money Week. Among others, children and students had the opportunity to learn about money management, discuss digital multimedia campaigns and develop entrepreneurial skills in a range of different activities that started on February 18th and continued through to the March 18th.

About 130 high school students from De La Salle Integrated School participated in a museum tour where they learned about the role of the Bangko Sentral ng Pilipinas (BSP) in the economy through a series of explanatory videos, interactive discussions and presentations.

The University of San Carlos in Cebu City hosted a series of briefings undertaken by the Bankers Association of the Philippines for the beneficiaries of Overseas Filipino Workers. The main themes of the day were basic saving and money management, investment opportunities for students and avoiding of financial frauds.

In a visit at the BSP Money Museum, 39 children from Kiddopreneur had the opportunity to learn about how money works through a series of games and interactive activities meant to develop their entrepreneurial skills. Moreover, in a dialogue with the Deputy Governor of the BSP the children received answers to their questions and deepened their understanding of monetary processes.

The College of St. Benilde hosted a Digital Social Design Interface Conference where 200 students of the Multimedia Arts Faculty discussed and conceptualized digital multimedia campaigns for use for advocacy campaigns, among these being financial literacy.

The Teacher of Hope Awards is a program that nominates and promotes the best teachers that managed to integrate lessons on saving, money management and entrepreneurship in the public elementary school system. About 100 children visited Sta. Barbara Elementary School in Iloilo to learn more about financial education and to recognize the achievements of the awardees in this school and community.

Throughout an entire month, the Polytechnic University of the Philippines in cooperation with BSP ran “Bamboo to Bangko” a national savings promotion program for children in different schools, colleges, academies and universities. More than 1200 children were taught about savings and money management through fun and interactive activities that culminated with them breaking their Bamboo Coin Banks to use the money for opening a bank account.

In Tabaco City, children from Sagurong Elementray School celebrated Aflatoun Day and Global Money week by hosting a Health and Sanitation Campaign with the theme of “I learn, I save, I educate.” This year’s celebration focused on the second core element – Rights and Responsibilities – which gives emphasis on the “Right to Health” and the responsibility that individuals have to keep themselves healthy through preventive health practices. A specific emphasis was given on the prevention of Hepatitis A and measles. A total of 706 school children and 20 teachers participated in this event.

In Quezon City, Legazpi and Tabaco City, the field locations hosted an orientation with over 300 children, parents and volunteers to introduce them to BPI Globe BanKo, a mobile banking and micro-level savings product. This product was jointly created by the Bank of the Philippine Islands, Globe Telecommunications and the Ayala Foundation. Not only did the attendees learn about this mobile banking service, but many also opened their accounts.

In Manila, youth participated in the International Aflatoun Skype call and also hosted a celebration event at a local high school. During the Skype call, 13 youth interacted with 20 young children from Sri Lanka who are part of the early education program of Aflatoun, called Aflatot. At Maligaya High School, 99 youth participated in the Aflatoun Day Celebration in which former Aflateen Facilitators led activities with the youth and promoted the five core elements of Aflatoun.

In Legazpi, the CI field office conducted a mock-up banking activity in a local elementary school and within the community. This activity provided an opportunity for almost 400 children to learn about the banking system and practice banking transactions such as filling out deposit and withdrawal slips. The following topics were highlighted in this activity: the use and importance of money; how to spend and save responsibly; how to save money in banks; and the procedures in opening a bank account.

 

2013 Philippines Money Week

Name of organizing entity - Children International Philippines
Date of the event - 19th of March

The 16th of March marked “Save for a Brighter Day” at Children International in Quezon City in observance of Global Money Week. The community event attended by sponsored children and their parents focused on saving for a brighter future.

Children enjoyed a puppet show about saving, games, interactive discussions and the making of recycled coin banks. Aflatoun Club Co-Facilitators led the discussions and performed the puppet show inspired by the classic fable “The Ant and the Grasshopper”.

As part of the program, a representative from the National Confederation of Cooperatives Philippines (also an Aflatoun partner), Hazel Ann Mangaya, gave a speech on the importance of child savings and gave advice on how families can save regardless of their economic status. She also discussed how they can have access to child-friendly banking. “Do not give poverty as an excuse, but rather use it as a challenge. The ability to save is not just about how much you earn, but more importantly how much you keep.” Hazel Ann Mangaya Saving, Aflatoun-style

As part of the event, the children were asked to bring any kind of boxes or bottles and, with the assistance of the Club Co-facilitators, designed what they brought to be their own Aflatoun Box. Three participants with the most creative boxes received prizes from the Aflatoun program.

Sponsored child Paul Pasumala, seven years old, said that after the activity, he will store in his box his favorite school things and he also wants to save coins for food. Ever since he joined Aflatoun, he has been teaching his younger sibling to save instead of spending for unnecessary things.

Paul’s mother, meanwhile, is inspired to set aside money from her husband’s income from his security guard job. “We want to start saving early for our children’s college education. I also look forward for my son to have a savings account in a cooperative through Aflatoun. I’m glad I came here,” she said.