Challenges

Financial illiteracy has been identified as a major contributor to the ongoing cycle of poverty within the community. Lack of understanding of financial concepts and entrepreneurial skills has hindered individuals from participating in the money economy and creating sustainable sources of income.

Solutions

• Create understanding of microeconomics basics and financial management principles.
• Train the skills and knowledge required of our community members to start and operate small-scale businesses effectively.
• Provide access to tools and resources to support their entrepreneurial endeavors.

Scope

• Financial Literacy for everybody (60 children, 60 registered women)
• followed by and Entrepreneurship training only for the relevant/interested women

Project Breakdown

• Stage 1: Phase 1: Curriculum Development [10%]
• Collaborate with financial experts and educators to design a comprehensive curriculum covering microeconomics basics and entrepreneurship fundamentals. (doing)
• Develop interactive and engaging learning materials tailored to the community's needs and cultural context. (doing)
• Stage 2: Community Outreach and Enrollment [20%]
• Conduct awareness campaigns to promote the project and its benefits within the community. (todo)
• Establish enrollment criteria and procedures to ensure fair and inclusive participation. (todo)
• Stage 3: Training and Mentorship [40%]
• Organize training sessions to deliver the curriculum in a structured and accessible manner. (todo)
• Provide hands-on practical exercises and case studies to reinforce learning. (todo)
• Assign mentors to guide participants through the process of starting and managing their businesses. (todo)
• Stage 4: Resource Allocation and Support [20%]
• Establish partnerships with financial institutions and local businesses to provide access to capital, resources, and networking opportunities. (todo)
• Facilitate the creation of a supportive ecosystem for aspiring entrepreneurs within the community. (todo)
• Stage 5: Monitoring and Evaluation [10%]
• Implement a robust monitoring and evaluation system to track the project's progress and impact. (todo)
• Collect feedback from participants and stakeholders to identify areas for improvement and make necessary adjustments. (todo)

Expected from Project Facilitator

• Coordinate with the review committee to finalize the project timeline, budget, and scope.
• Ensure all necessary materials and instructors are secured.
• Conduct workshops for 60 children and 60 registered women, following the project scope.
• Provide educational resources and one-on-one counseling as needed.
• Identify and select trainers from the trained groups.
• Ensure trainers are equipped to pass on their knowledge to the community.
• Identify and select women interested in entrepreneurship training.
• Conduct the training for 2 months.
• Track financial outcomes and participant feedback.
• Conduct pre- and post-workshop assessments to measure project effectiveness.
• Manage the budget for workshop venues, materials, instructors, and evaluation efforts.
• Collaborate with local banks, credit unions, and financial institutions to provide guest speakers and resources.
• Engage community leaders to ensure project sustainability and solidarity.
• Bi-weekly report to the review committee on project progress, challenges, and outcomes.
• Ensure all 60 children and 60 women are trained.
• Confirm the selected trainers have passed on their knowledge to the community.

Definition of "Done"

When we have trained all 60 children and 60 women, have selected the trainers that can pass on their knowledge and trained the selected group of woman in entrepreneurship.