Citi-FT Financial Education Summit 2014

Hilton Kuala Lumpur, November 5-6, 2014 "Financial Education for Urban Youth --

Entrepreneurship"

SYLVIA OKINLAY-PARAGUYA

CEO, NATCCO

Philippines

OUTLINE

• CONTEXT – NATCCO, Philippine Youth, NATCCO Children and Youth

• AFLATOUN and UPSCALING – Today and 2017 targets, Approaches to upscale,

Enterprise activities

• CHALLENGES – Program level, partner cooperatives, parents

NATCCO NETWORK AND SERVICES TO BUILD COOPERATIVES

2.9 M individual members 693 active member cooperatives 1,283 offices

1.7 Billion Dollars (75B PHP) Consolidated assets

32.5 M US$ Loans Receivables

25 Million US$Deposit Liabilities

7.3M US$ Share Capital

PAYMENT SERVICES PLATFORM

-Remittances

BUILDING THE HUMAN CAPITAL EDUCATION, TRAINING,

CONSULTANCY AND MANAGEMENT SERVICES

POOLING THE FINANCIAL RESOURCES

CONDITIONAL CASH TRANSFER COOP RESILIENCY FUND

CONNECTING THE COOPS

YOUNG POPULATION

Age Bracket

Population (Millions)

NATCCO Programs

0-4 11.1

5-9 11.2 Aflatoun

10-14 11.0

15-19 10.5 Aflateen

20-24 9.1 Aflateen

25-29 8.0 Adult FL Training Program

Ages 15-30 is Youth

- Youth Child: 15-17

- Core Youth: 18-24

- Young adults: 25-30

2010 National Youth Assessment Study

- 92% agree: Need for financial planning skills

- Methods for achieving economic independence - 85.7%: Saving money and

resources

- 85.6% Identify and improving their talents

100M Philippine population as of 2014

YOUTH SECTOR REP IN THE BOARD

BIANNUAL COOP YOUTH

CONGRESS

CHILDREN AND YOUTH AS SPEAKERS AFTER THE

KEYNOTE SPEAKER DURING ANNUAL

GENERAL MEETING

REGIONAL YOUTH

COMMITTEE

MAINSTREAMING THE YOUTH IN NATCCO

84 co-ops

4,070 teachers

trained

266,152 children

and youth (149,527 with savings

585 schools

(MOA with Dept of Education)

2014 2017 2006 Start

200

1,200

763,500

9,600

10

67

7,236

456

AFLATOUN

UPSCALING Pool of Aflatoun National

Trainers

Aflatoun Teachers’ Guide for Grades 1-3 translation in 4

major languages, representing 72% of the population

Program expansion to ALS –Alternative Learning System

(Out-of –School Youth)

Promoting Savings & Entrepreneurship through Laboratory Cooperatives

• Business methods, wise use of money, and social and financial enterprise

• Leadership development

ENTERPRENEURSHIP IN ACTION

Bangued Abra Jewellers Passi City Elementary School, Passi City, Iloilo

“Mini store with big potential.”

CHALLENGES • Logistical support from the partner savings and credit

cooperatives – Cost of maintaining small savings account

– Hiring a Youth Coordinator who will be responsible in managing the program

– Financial support for marketing/publicity

• Support and education of the parents

• Approaches for integrating enterpreneurship in schools – Balancing the activities in the school

• Getting/sharing of data from participating cooperatives