• CDA now under DTI

    MANILA – President Rodrigo Duterte ordered the Cooperative Development Authority (CDA) to be placed under the Department of Trade & Industry (DTI).  Malacanang Palace issued Executive Order 67 on October 31.   It will be recalled that just on his Read More
  • First Co-op Chess Tourney in History

    MAKATI CITY – More than 200 chess players battled wills over the Chess Board on Sunday, October 22, at the First Co-op Cup Chess Tournament held at the Alphaland Southgate Mall, with Max Dave Tellor of Adamson University taking the Read More
  • ACCU Founder Rekindles Raiffeisen Ideals

    Mr. Andrew So, one of the founders of the Association of Asian Confederation of Credit Unions gave this inspirational speech at the 2018 ACCU Forum in September in Manila.   Social Justice is a moral principle and a moral value. Read More
  • Co-op Month Celebrated Nationwide!

    Cooperators all over the country celebrated the Cooperative Month this October, culminating in the National Cooperative Day on October 20.   According to the Co-operative Month Secretariat that collates nationwide data and monitors social media posts under the hashtag “#1coopnation”, Read More
  • Co-op Resiliency & Sustainable Development

    COOP-NATCCO Rep. Anthony Bravo delivered the following Privilege Speech in Congress last  October 8.   Mr. Speaker, honorable colleagues, I rise today as we again honor our cooperatives across the country for being resilient amidst the growing inflation and other Read More
  • Duterte Meets Leaders on 103rd Year of Philippine Co-ops

    MANILA – President Rodrigo Duterte met with 250 co-op leaders on October 17 in the Malacanang Palace, to hear co-op issues and concerns, and hear proposals on how co-ops and Government can work together to accelerate nation-building.   This is Read More
  • First Movers Ink Contractual Solidarity

    CAGAYAN DE ORO CITY – The NATCCO Network has moved closer to its Vision of becoming an integrated federation of co-ops as eight leaders signed the Contractual Solidarity Agreement.  The simple ceremony is  considered to be the highlight of the Read More
  • Let's Get Digital!

    USAID’s Mamerto Tangonan gave a talk entitled The National Retail Payment System & the Digital Finance Landscape in the Philippines, delivered at the NATCCO Co-op Leaders Congress in Limketkai Luxe Hotel in Cagayan de Oro City for all co-ops to Read More
  • First Co-op Cup Chess Tournament October 21

    Excellent Peoples' MPC and NATCCO Network recently signed an Agreement to hold the first chess tournament for co-ops.   In the spirit of Cooperative Solidarity, the First Co-op Chess Cup Tournament for co-operators is scheduled for October 21 with theme Read More
  • #1coopnation in October!

    Cooperators all over the country are enjoined to celebrate the Cooperative Month this October, culminating in the National Cooperative Day on October 20.    The Cooperative Development Authority (CDA) issued on September 7 Memorandum Circular 2018-2 declaring said date as Read More
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10

Aflatoun Boosts Financial Literacy of Teachers

CLARK, PAMPANGA  – It’s not only the youth who benefit from NATCCO’s flagship youth program , Aflatoun, but teachers as well.  This has been the observation of Lasalette Gumban, NATCCO Youth Program Coordinator.   
 
Ms. Gumban spoke before participants at the 2018 Convention of Bataan Public Schools Administrative and Supervisory League (BAPSASULEA) on June 21-22 at the Zenia Hotel, where she stated her proposition that: “The increased financial literacy of teachers contribute to an improved school system.”
 
On how this has happened: “The teacher’s financial well-being affects his/her disposition and performance. The more we develop financially-literate and financially-healthy teachers, the more we produce quality graduates.”
 
Theme for the event was “Quality Management System Towards Improved School System”, with the aim of “honing the management skills of school heads and administrative officers in the implementation of Quality Management System.”
 
The Department of Education in the Province of Bataan maintains ISO certification for Quality Management Systems.  
According to Lumban, “Some teachers have been branded as “londoners”  which is colloquial for teachers who practice loan dito, loan doon, or “get loan here-loan there”. 
 
The Department of Education (Deped) recognized this problem and has released Directive 05-2018 that the net take home pay of teachers should not be lower than P5000.”
 
“Money management is one of the personal life stressors of teachers that affect their performance
Their effectiveness in teaching financial education to pupils is affected,” she said.
 
Gumban cited a 2005 study of the Organization for Economic Cooperation & Development  (OECD)  which found that elevation of personal financial literacy can lower the personal risk of poverty, as well as promote national economic development. Lack of financial literacy in students and teachers is because they have not received adequate financial education.”
 
She concluded: “You can’t teach what you do not know.  To become effective, teachers must also undergo regular Financial Literacy.  NATCCO supports this advocacy and can link the schools to coops who can provide finlit trainings.”
 
“As a long standing partner of DepEd in the implementation of Aflatoun Program, NATCCO is honored to have been invited in the Annual Convention of the DepEd leaders in the Division of Bataan.  Thank you, DepEd Bataan and to the Schools Division Superintendent, Jessie D. Ferrer, for the gift of partnership,” Ms. Gumban posted in her Facebook account.
 

Do you have exciting events in your coop? Share it with us, and we'll feature it in our website!

Email us:
This email address is being protected from spambots. You need JavaScript enabled to view it.

Mail your Documents to:
NATCCO Network
c/o Member Relations and Networking Group
227 J.P. Rizal Street Proj.4 Quezon City 1109

For more Information:
913.70.11-15 loc.310
912.54.10 (telefax)