The final report of Financial Literacy for Young Farmers / Tenants - a project implemented by Organization for Public Interest (OPI) in Lodhran, Punjab, Pakistan.
The final report of Financial Literacy for Young Farmers / Tenants - a project implemented by Organization for Public Interest (OPI) in Lodhran, Punjab, Pakistan.
The final report of Financial Literacy for Young Farmers / Tenants - a project implemented by Organization for Public Interest (OPI) in Lodhran, Punjab, Pakistan.
Financial Literacy for Young Farmers / Tenants Project
Final Project Report
March 25 August 24, 2013 This document contains project completion report of Financial Literacy for Young Farmers / Tenants Project in District Lodhran which is funded by USAID and being implemented by Organization for Public Interest Final Project Report of Financial Literacy Project 2
Final Project Report of Financial Literacy Project 3
Acronyms ATM Auto Teller Machine B.Com Bachelor of Commerce CBO Community Based Organization FIDA Farmers Integrated Development Association FLC Financial Literacy Center IEC Information, Education, Communication IOM International Organization for Migration MFI Micro-finance Institution MICS Multiple Indicator Cluster Survey NGO Non-Governmental Organization OPI Organization for Public Interest SMCR Source-Message-Channel-Receiver SMT Social Mobilization Team TOT Training of Trainers UC Union Council USAID United States Agency for International Development VDC Village Development Committee VWS Vasti Waseb Sangat
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Table of Contents
Acronyms ...................................................................................................................................................... 2 1. Executive Summary ................................................................................................................................... 6 2. Overview of the Project ............................................................................................................................ 7 2.1 Background ................................................................................................................................... 7 2.2 Target Group ................................................................................................................................. 7 2.3 Number of Beneficiaries ............................................................................................................... 7 2.4 Overall Project Objectives ............................................................................................................. 8 2.5 Target Geographical Areas ............................................................................................................ 8 2.5 Types of Services provided ........................................................................................................... 8 2.5.1 Activities ................................................................................................................................ 8 Activity 1: .............................................................................................................................................. 8 Activity 2: .............................................................................................................................................. 8 Activity 3: .............................................................................................................................................. 8 Activity 4: .............................................................................................................................................. 8 Activity 5: .............................................................................................................................................. 9 2.5.2 Key Outputs: .......................................................................................................................... 9 2.6 Core Project Team ......................................................................................................................... 9 3. Key Results of the Project ....................................................................................................................... 10 3.1 Orientation Session for Project Team ......................................................................................... 10 3.2 Meetings, rapport building, and interaction with communities in target union councils of the project to identify suitable project beneficiaries .................................................................................... 11 3.3 Printing and dissemination of information leaflet about the project......................................... 13 3.4 Training Module on Financial Literacy for Young Farmers / Tenants ......................................... 14 3.5 Training of Trainers for Financial Literacy Trainers ..................................................................... 14 3.6 Financial Literacy Centers Inauguration Ceremonies ................................................................ 16 3.7 Social Mobilization ...................................................................................................................... 18 Key Objectives of Social Mobilization ................................................................................................. 18 3.8 Establishment of Vasti Waseb Sangat (Village Development Committees) ............................... 18 Final Project Report of Financial Literacy Project 5
Criteria for Membership of Vasti Waseb Sangat: ............................................................................... 18 Roles and Responsibility of village development committee ............................................................. 19 Members of Vasti Waseb Sangat ........................................................................................................ 19 3.9 Meetings with Vasti Waseb Sangat (Village Development Committees) ................................... 20 3.10 Networking & Linkages ............................................................................................................... 20 3.10.1 Exposure Visit at Meezan Bank Lodhran ............................................................................. 20 3.10.2 Exposure Visit to Rana Model Agricultural Farm by Target Markaz (Ali Akbar Group) ...... 21 3.10.3 Syngenta Pakistan Limited .................................................................................................. 22 3.10.4 Khushhali Microfinance Bank Limited ................................................................................. 23 3.10.5 Farmers Integrated Development Association .................................................................. 23 3.11 Publication of Final Project Report ................................................................................................. 24 4. Pre and Post Tests of Trainees ............................................................................................................ 25 4.1 Pretest Analysis ........................................................................................................................... 25 4.2 Posttest Analysis ......................................................................................................................... 25 4.3 Pretest vs. Posttest ..................................................................................................................... 26 4.1 Opponent of girls education now wants a girls school in his village ........................................ 27 4.2 Amir Iqbal can now calculate profit & loss. ................................................................................ 27 4.3 Frequent losses made him drug-addicted. ................................................................................. 28 4.4 Muhammad Mustaqeem keeps all financial records of his agricultural business. ..................... 29 4.5 Mansab Mai can make budget for her home. ............................................................................ 29 5. Lessons Learnt ......................................................................................................................................... 31 Annexure ..................................................................................................................................................... 32 1. List of Trainees ................................................................................................................................ 33 2. List of FLCs and Financial Literacy Trainers ..................................................................................... 40 3. Study Plan for Financial Literacy Centers ........................................................................................ 41 4. Questionnaire for pretest and posttest of trainees ........................................................................ 44 5. Format for daily logbook of trainees .............................................................................................. 45 6. Format for monitoring of FLCs ........................................................................................................ 46 7. Sample media coverage .................................................................................................................. 48
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1. Executive Summary Financial management is backbone of any business and financial literacy is very important for every human being. Without financial literacy, it is almost impossible for anyone to manage his income and expenses whether at household or business. It is equally important for farmers too. District Lodhran has an estimated population of at least 1,504,000. According to the Government of Punjabs Planning & Development Department, 50.40% population of the district is living below poverty line. While 73% of overall population of the district comprises of farmers, one can easily understand that majority of poor population in the district is none other than farmers. In district Lodhran, it has been observed that farmers dont have financial management skills and they dont have understanding and concepts to keep records of their financial transactions. Due to this gap, they are not able to manage their financial resources effectively and as a result of this they face huge losses in their businesses. Keeping in view this problem, OPI proposed a project to impart financial literacy trainings for young farmers in the district. USAID through IOM granted funds for implementation of the project. Financial Literacy for Young Farmers / Tenants Project started on March 25, 2013 for a duration of 5 months which ended on August 24, 2013. Under the project, OPI established a total of 8 financial literacy centers in four union councils of the district. These union councils are Sumra, Salsadar, Kundi, and Kamal Pur Jatiyal. At the end of the project, a total of 278 young farmers including 111 females have been financially literate. OPI also built linkages of the trainees with different banking, microfinance and agricultural marketing companies / organizations. In this regard, trainees of each Financial Literacy Centers were facilitated for exposure visits to five different organizations / companies. During these visits, representatives of the companies / organizations got interactions with the trainees and informed them about different aspects of their respective businesses.
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2. Overview of the Project 2.1 Background Financial management is backbone of any business. It is equally important for a household, small- business, and enterprise. Unless finances of a business are managed properly, the risk of loss remains higher. According to Gail Vaz-Oxlade, Money has some rules attached to it. And if you follow the rules, youre going to have more stability in your life than if you dont follow the rules. The rules apply equally on low-income families associated with agriculture and livestock. Lodhran is one of the most backward districts of Punjab where farmers constitute 73% of overall population. According to a 2010 estimate, the population of the district is ~1,504,000 which include more than 300,000 young people between 14 to 25 years of age. According to MICS Survey 2007-08, overall literacy among young population of the district is 58.9%. According to Bureau of Statistics, Planning and Development Department, Government of Punjab; more than half of the population of this district is living below poverty line i.e. 50.40%. Lodhran is one of the districts with highest poverty head count ratio in Punjab. Despite constituting the largest part of the population in the district, farmers use to face losses in their businesses frequently. It merits mentioning here that Lodhran produces 20% of Pakistans cotton. Traditionally, only illiterate or semi-literate people get engaged in agriculture or livestock farming businesses. In addition to other causes, financial illiteracy is a main cause behind frequent losses to farmers. Young farmers/tenants especially suffer in this situation because they also lack relevant experience as well as financial management skills. Financial literacy may change their lives. It may help reduce their losses and improve their living standards. By means of financial literacy, young farmers can understand using credit responsibly, identifying financial risks and benefits of savings, and a better attitude towards financial planning. Financial literacy will also contribute for reducing family clashes and conflicts due to financial mismanagement. It will also alleviate poverty in the district. While many government and non-government agencies are working for farmers training; financial literacy is a missing component in the case of District Lodhran. This project has established a model for financial literacy for young farmers/tenants. 2.2 Target Group The project has targeted extremely poor and underprivileged families associated with small-scale agriculture and livestock businesses. The project directly targeted young persons (18 to 35 years old) of those families, who work as farmers/tenants. Female-headed households will be given due priority. 2.3 Number of Beneficiaries Direct Beneficiaries include 278 young farmers/tenants in target rural areas of District Lodhran, including at least 111 female and 167 male beneficiaries. Original target of the project was 100 female and 140 male young farmers but OPI managed to achieve beyond the target. Final Project Report of Financial Literacy Project 8
Indirect Beneficiaries include approximately 1,946 immediate family members of above mentioned young persons. 2.4 Overall Project Objectives To help 240 young farmers/tenants in enhancing their earning capacity and reducing losses through provision of financial literacy training; To improve marketing and communication skills of 240 young farmers/tenants for enabling them to finalize their business deals efficiently; To facilitate linkages of 240 young farmers/tenants with relevant representatives of agribusiness companies and local banks and microfinance institutions, to provide them with updated information on available market opportunities and micro-credit support. 2.5 Target Geographical Areas The project will target following union councils of Tehsil & District Lodhran. UC Sumra UC Salsadar UC Kundi UC Kamal Pur Jatiyal 2.5 Types of Services provided 2.5.1 Activities Activity 1: Meetings, rapport building, and interaction with communities in target union councils of the project to identify suitable project beneficiaries; Printing and dissemination of information leaflet about the project. Activity 2: Development of module/training material on financial literacy for young farmers/tenants; Recruitment of 8 Financial Literacy Trainers; Training of Trainers for Financial Literacy Trainers. Activity 3: Establishment of 8 financial literacy skills centers in target union councils and placement of visibility material; Provision of financial literacy and business management skills, marketing and communication skills, during three months to a total of 240 young farmers/tenants; Activity 4: Building linkages between 240 young farmers/tenants and agribusiness market and local financial service providers (commercial bank, MFIs, branchless banking companies, agricultural Final Project Report of Financial Literacy Project 9
companies, etc.) through a total of 40 meetings (5 meetings per center) aimed at providing them with comprehensive information on the availability of credits/loans, account opening and operating, and such other banking services. Activity 5: Printing and dissemination of Final Project Report. 2.5.2 Key Outputs: Community informed on the project and engaged in the selection of 240 vulnerable beneficiaries; Training modules on financial literacy for young farmers/tenants finalized; Financial literacy trainers trained on course modules through TOT; 8 financial literacy centers established; 240 trainees acquire basic skills on finance, banking, use of cheque books, ATM cards, mobile banking; communication, negotiation and procurement skills, collective negotiation and buying; as well as recording income and expenditure, budget variance, calculation of profit and loss; 240 trainees attend exposure visits to commercial banks, microfinance institutions; and pesticides & veterinary medicines market, local grain market, local agriculture/dairy farm. 2.6 Core Project Team The project team comprised of 5 core staff members. Mr. Gulfam Mustafa (Project Manager) Ms. Sadia Jameel (Monitoring & Evaluation Officer) Rana Ahmad Hasan (Admin & Finance Officer) Ms. Sumaira Shaukat (Social Organizer) Mr. Muhammad Dilshad (Social Organizer)
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3. Key Results of the Project During the five months duration of the project, a number of activities were undertaken by OPI. These activities are mentioned below. Meetings, rapport building, and interaction with communities in target union councils of the project to identify suitable project beneficiaries; Printing and dissemination of information leaflet about the project; Development of module/training material on financial literacy for young farmers/tenants; Recruitment of 8 Financial Literacy Trainers; Training of Trainers for Financial Literacy Trainers; Establishment of 8 financial literacy skills centers in target union councils and placement of visibility material; Provision of financial literacy and business management skills, marketing and communication skills, during three months to a total of 240 young farmers/tenants; Building linkages between 240 young farmers/tenants and agribusiness market and local financial service providers (commercial bank, MFIs, branchless banking companies, agricultural companies, etc.) through a total of 40 meetings (5 meetings per center) aimed at providing them with comprehensive information on the availability of credits/loans, account opening and operating, and such other banking services. Additionally, OPI also conducted an orientation session for the project team in order to make it easier for them to understand the whole concept of the project and its implementation. Details about proceedings of various activities and sub-activities are given hereunder. 3.1 Orientation Session for Project Team On April 4, 2013, an orientation session was conducted. Following staff members participated in it. Mr. Ijaz Rasool Program Manager Mr. Gulfam Mustafa Project Manager Ms. Rushba Irum Monitoring & Evaluation Officer Rana Ahmad Hasan Admin & Finance Officer Ms. Sumaira Shaukat Social Organizer Mr. Muhammad Dilshad Social Organizer During the orientation session, Mr. Ijaz Rasool and Mr. Gulfam Mustafa told rest of the team members about basic concept of the project. They also shared methodology for implementation of the project. Mr. Ijaz Rasool told that the project is aimed at providing financial literacy to a total of 240 young farmers between the ages of 18 to 35 years including at least 100 women. He further told that the Final Project Report of Financial Literacy Project 11
project will establish a total of 8 financial literacy centers at village level in four union councils of Lodhran. He told that those union councils comprise of Sumra, Salsadar, Kundi and Kamal Pur Jatiyal. Mr. Gulfam Mustafa told that the whole project has been divided into five activities. These activities include community meetings, rapport building, printing and dissemination of IEC material, identification and recruitment of financial literacy trainers, TOT, financial literacy centers, and final report. He told that the project will end on August 24, 2013. At the end of the orientation session, the team members discussed work plan and agreed to work in accordance with it. 3.2 Meetings, rapport building, and interaction with communities in target union councils of the project to identify suitable project beneficiaries During the first month of the project, the project team conducted a total of 15 meetings with target communities. Six (06) of these meetings were conducted with target female population exclusively. Following is summary of meetings conducted with target communities. S# Date Union Council Village Number of Participants Male Female Total 1 08-04-2013 Kamal Pur Jatiyal Dhoray Wala 03 00 03 2 08-04-2013 Salsadar Salsadar 07 00 07 3 08-04-2013 Kamal Pur Jatiyal Dhoray Wala 00 04 04 4 08-04-2013 Kamal Pur Jatiyal Kotla Ali Dasti 05 00 05 5 09-04-2013 Sumra Basti Balochan 00 20 20 6 09-04-2013 Sumra Basti Balochan 05 00 05 7 09-04-2013 Kundi Kallu Wala 04 00 04 8 10-04-2013 Kamal Pur Jatiyal Kotla Ali Dasti 18 00 18 9 10-04-2013 Sumra Basti Balochan 19 00 19 Final Project Report of Financial Literacy Project 12
During these meetings, the Social Organizers of OPI told the communities about objectives and activities of the project. They also discussed importance of financial literacy and financial management skills for farmers. OPI team told the community members that OPI will establish a financial literacy center in the village where 30 young farmers will be enrolled for financial literacy. The team also met local influential and told them about the project. As a result of the meetings, the communities agreed to provide spaces / buildings for establishment of financial literacy centers. They also agreed to attend the sessions at these financial literacy centers. Final Project Report of Financial Literacy Project 13
3.3 Printing and dissemination of information leaflet about the project Printing and dissemination of information leaflet about the project was second sub-activity of activity 1. The project team developed, designed and published a total of 1,500 copies of this leaflet. Objective of the leaflet was to circulate basic information about the project to target beneficiaries and relevant stakeholders. In this leaflet, basic information about the project including background, objectives, target areas, target groups etc. was given. A brief introduction of OPI was also included in it. The leaflet was printed on 113 grams art paper in full color in a trifold brochure form. Scanned copies of both sides of the brochure are given below.
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3.4 Training Module on Financial Literacy for Young Farmers / Tenants OPI developed a training module on financial literacy for young farmers / tenants. The module covered following topics. Introduction to Finance & Financial Management Accounting & Record Keeping Regular Banking (Bank Accounts, ATM Card, Cheque, Internet & Mobile Banking, Loans) Branchless Banking Procurement Business Communication Draft of the manual was shared with the donors for review. After their approval, the module was used for the purpose of training on financial literacy. 3.5 Training of Trainers for Financial Literacy Trainers Five days training of trainers for financial literacy trainers started on 6th May 2013 at LaTaska Hotel, Lodhran. During five days, the participants covered different topics and acquired knowledge and expertise about their tasks. Final Project Report of Financial Literacy Project 15
On first day of the training, the participants got introduced with each other, expected fears and expectations, and set norms. Gulfam Mustafa introduced OPI and told details about financial literacy project. He told that OPI has been working since 2008 for sustainable development in Southern Punjab. Gulfam further told that OPI has managed several small-scale activities and advocacy campaigns including restoration of Allama Iqbal Municipal Library in Lodhran. He said that OPI is currently implementing two projects that include financial literacy project, and free, fair and peaceful election project.
Gulfam told that financial literacy project is being implemented in four union councils of Lodhran and at the end of the project, at least 240 young formers, including 100 females, are expected to learn financial literacy skills. Khursheed Abbas, chief consultant, facilitated a session on record keeping, its importance, and benefits. One second day, Jamshed Kamran facilitated sessions on farmers records, bookkeeping, accounting, receipts, vouchers, cash book etc. He also elaborated accounting cycle and told the participants about concepts of various terms related to accounting. On third day, participants learnt about assets, types of assets and social mobilization. The facilitators told them that assets refer to resources owned by a business or individual. There are two types of assets, i.e. current assets and fixed assets. Though social mobilization was not included in the agenda yet the facilitators delivered a session on it while accepting this suggestion from PTI team. On fourth day, Jamshed Kamran and Gulfam Mustafa facilitated session about banks, types of banks, and banking procedures. The participants learnt different types of banks including commercial, microfinance, agricultural, industrial, Islamic etc. The participants also learnt about various services and Final Project Report of Financial Literacy Project 16
products being offered by the banks. Such services and products include bank accounts, ATM / debit / credit cards, demand drafts, lockers, loans etc. Participants also learnt about microfinance banks as well as branchless banking. On fifth and last day, the participants learnt about procurement process, communication, and SMCR model of communication. They discussed responsibilities of sender and receiver for an effective communication. The participants also learnt characteristics of good facilitator, difference between teaching and training, pedagogy and andragogy, and group behaviors. These sessions were facilitated by Jamshed Kamran and Ijaz Rasool. At the end of training workshop, certificates were distributed among the participants. 3.6 Financial Literacy Centers Inauguration Ceremonies As part of the project, OPI has established eight (08) Financial Literacy Centers (FLCs) in following four union councils of Tehsil Lodhran. 1. Salsadar 2. Sumra 3. Kundi 4. Kamal Pur Jatiyal Identification of places for FLCs, selection of trainees and recruitment of financial literacy trainers followed a rigorous and systematic process. OPIs team visited different villages in target union councils and conducted meetings with local influential persons as well as community members. Based upon needs assessment and feasibility, following eight villages were selected for establishment of FLCs. 1. Basti Gharwalli, UC Salsadar 2. Basti Chak Liaquatabad, UC Salsadar 3. Basti Jhoke Wala, UC Sumra 4. Basti Balochan, UC Sumra 5. Basti Sardar Wali, UC Kundi 6. Basti Matman Wali, UC Kundi 7. Basti Sohanray Wala, UC Kamal Pur Jatiyal 8. Basti Mitti Chattan, UC Kamal Pur Jatiyal After selection of places, OPI team identified potential trainees with the help of local communities. By obtaining willingness from potential trainees, OPI registered them and shared lists with the donor for prior approval. After approval from the donor, OPI finally established financial literacy centers at above mentioned locations. Final Project Report of Financial Literacy Project 17
OPI has recruited commerce graduates / undergraduates for facilitating learning sessions at FLCs. Bachelor degree of Commerce was minimum requirement for the trainers. In order to attract more community members, and as a part of OPIs branding plan, a simple opening ceremony was organized at each of the selected villages. A list of FLCs with days of opening ceremonies is given below. Sr No UC Basti Male/Female centre Trainers Name Date of Opening Ceremony 1 Salsadar Gharwalli Male Imran Khan 15-05-2013 2 Salsadar Chak Liaquatabad Male Munawar Ali 15-05-2013 3 Sumra Jhok Wala Female Muhammad Tariq 17-05-2013 4 Sumra Basti Balochan Male Manzoor-ul-Hassan 17-05-2013 5 Kundi Sardar Wali Female Shehnaz Khan 16-05-2013 6 Kundi Matman Wali Male Muhammad Shahid 16-05-2013 7 Kamalpur Sohanray Female Uzma Malik 20-05-2013 Final Project Report of Financial Literacy Project 18
Jatial Wali 8 Kamalpur Jatial Mitti Chattan Male Malik Kashif 20-05-2013
In these ceremonies, community members participated and expressed their happiness on establishment of FLCs. Local Numberdar a person who acts on behalf of local government at village level were chief guests of opening ceremonies in their respective villages. Representatives of donors also participated in two opening ceremonies at Gharwalli and Chak Liaquatabad in UC Salsadar. 3.7 Social Mobilization Social Mobilization Team conducted comprehensive meetings with project stakeholders including UC secretaries, Influential, community elders and other members of communities and opinion leaders to enhance project visibility and enhance their understanding on project objectives. Interaction with community members enhanced communitys ownership and understanding on developmental issues. Furthermore, rapid assessment tools used to skim firsthand information and data related to focus on project interventions. Moreover, community interaction and participation enabled community members to reflect upon their social and primary issues which are directly related with the social mobilization activities at community level. Summing up, SMT finalized clusters of selected UCs, detailed implementation plan which was instrumental to implement Financial Literacy Services accordingly. Key Objectives of Social Mobilization To provide social guidance to people and facilitate them in harnessing their potential to help themselves. To organize communities to facilitate delivery of services and supplies to them by Government, NGOs, donors & other development agencies and nurture them into self-reliant organization. To test and develop practical models to cope with financial issues in an effective & efficient manners for self-reliance in the long run. To enhance their hidden potentials by providing them with financial management, marketing, communication, negotiation and procurement skills in order to minimize the risks of losses in their agricultural or livestock businesses. 3.8 Establishment of Vasti Waseb Sangat (Village Development Committees) OPI promotes participatory development and believes that sustainable development is not possible without active participation of communities. For this purpose, OPI established eight (08) Village Development Committees (VDCs) with the name of Vasti Waseb Sangat (VWS). Criteria for Membership of Vasti Waseb Sangat: OPI devised membership criteria for VWSs which was also shared with the donors. Following are key points of the same. Final Project Report of Financial Literacy Project 19
A person seeking for membership of VWS should: Be willing for practical social work; Be interested especially in development of Young Farmers; Be willing to work as volunteer; Be able to spend time to work for VWS, attend relevant meetings & other activities; Have good repute in community; Be acceptable to the community; Understand characteristics of local communities and have good skills of communication Roles and Responsibility of village development committee Committee will hold monthly meetings to discuss progress of financial literacy center and other common issues. Committee will keep record of meetings in a register. Committee will coordinate with OPI for achieving the objective of financial literacy center. Committee will be informed and have data/information regarding agriculture at local level. Committee will identify agriculture issues of the village and try to solve in collaboration with OPI and Government departments. Committee is also responsible to visit financial literacy center for monitoring progress. Members of Vasti Waseb Sangat Following is number of members per Vasti Waseb Sangat in concerned villages. # Name of Village Union Council Total Members 1 Ghervali Salsadar 6 2 Liqatabad 6 3 Basti Blochan Sumra 6 4 Basti Jhoke wala 6 5 Metti Chattan Kamal Pur Jatial 6 6 Sohary wala 6 7 Matma Kundi 6 8 Sardarwali 6
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3.9 Meetings with Vasti Waseb Sangat (Village Development Committees) OPI team conducted regular meetings with eight (08) Village Development Committees on fortnightly basis. Purpose of the meeting was to improve quality of financial literacy trainings through community- based monitoring system. 3.10 Networking & Linkages OPI arranged a total of 40 exposure visits for eight literacy training centers. These visits were arranged to different banking, microfinance and agricultural companies / organizations. Visits were conducted to following institutions. Meezan Bank Limited Target Markaz (Ali Akbar Group) Syngenta Pakistan Limited Khushhali Microfinance Bank Limited Farmers Integrated Development Association 3.10.1 Exposure Visit at Meezan Bank Lodhran OPI have organized exposure visits of all financial literacy centers at Mezan Bank Lodhran. The objective of the visit was to build the linkages between farmers and bank. These types of visit and meetings will create confidence, broader understanding and information about managing their finance through banks, obtaining loans, getting their crops & livestock protected through insurance, and ability to buy or sell in appropriate markets. Mr. Muhammad Ramzan Business Development Officer, Mezan Bank Lodhran thanked to OPI for providing such plate from for framers and Banks for linkages development and appreciate the idea of Final Project Report of Financial Literacy Project 21
OPI for financial literacy of young farmers according to real need. He introduces Meezan bank also his policy, account opening procedure, use and benefits of ATM cards. He further told that Meezan bank is an Islamic bank and offering totally interest free loans. He used different terminologies like Mudarba and Rub ul Mall. Further he explains them one by one. He shared Meezan bank offering assets based work on interest rate. Moreover he explains the simple procedure of taking loan from Meezan bank. He shared that Mezan bank is going to announce a product of agriculture loan for farmers in future. He offered to farmers for credit for the purchasing of machinery and tractor etc. He also offered to female trainees for the opening of Mezan Bachat account (MBA account) she can deposited her saving in the account on daily basis. He discussed Mezan Bank is offering Laptop for youth on credit, the amount will recover through installment in two years. During the presentation trainees of FLCs centers made many cross questions to Meezan bank official regarding loans in different conditions and aspects. At the end of the meeting IEC material from Mezan Bank was distributed in the participants. At the end Mr. Ijaz Rasool, Program Manager, OPI lodhran thanked to official of Mazan bank for providing information about banking and especially thanked to trainees farmers for keen interest during question and answer session. Details of visit are as under: # Name of Center Date Total Participants 1 FLC, Basti Ghervali July 16,2013 35 2 FLC, Basti Matma July 16,2013 36 3 FLC, Liqat abad July31,2013 34 4 FLC, Metti Chattan July 31,2013 32 5 FLC,Jhoke wala August 02, 2013 37 6 FLC, Sardarwali August 02,2013 28 7 FLC, Sohary wala August 02,2013 35 8 FLC, Basti Blochan August 03,2013 33 Total 270
3.10.2 Exposure Visit to Rana Model Agricultural Farm by Target Markaz (Ali Akbar Group) OPI have organized exposure visits of eight Financial Literacy Centers (FLCs) at Rana Model Agricultural Farm by Target Markaz, Ali Akbar Group (Pesticide Company) at Adda Shahnal on August 02-03, 2013. The objective of the visit was to build the linkages of young farmers with Ali Akbar Group, one of the largest pesticides Final Project Report of Financial Literacy Project 22
companies in Pakistan. A total of 258 young farmers visited this farm. Mr. Muhammad Rafique, Farm Manager, welcomed all the visitors and appreciates the efforts of OPI regarding this creative and unique project. He said that cotton is considered as the world's 'dirtiest' crop due to heavy use of the most hazardous pesticides to human and animal health. Cotton covers 2.5% of the world's cultivated land yet uses 16% of the world's insecticides, more than any other single major crop. He delivered useful information about increasing cotton production per acre of land. The visitors asked many questions about diseases, seed selection, spray schedule and pesticides which were being used by Rana Model Agricultural Farm for getting maximum cotton yield. Mr. Rafique responded to those questions. He facilitated the participants to observe the cotton field which was spread on nearly 50 acres of cultivated land. All participants keenly observed the cotton fields. At the end of the visit, the farm management assured of their cooperation to the young farmers in selection of best seeds and pesticides. The management also offered support in getting seeds and pesticides on credit. 3.10.3 Syngenta Pakistan Limited On 15 th August, 2013; OPI organized exposure visits of eight Financial Literacy Centers (FLCs) to local franchise of Syngenta Pakistan Limited. Syngenta is a multinational firm which manufactures pesticides, and other agricultural chemicals. In Pakistan, it has a large network of agricultural franchises with the brand name of Naya Sawera. OPIs visit to Syngenta Pakistan Limited, Lodhran franchise was welcomed by Rana Allah Bux, local Franchise Manager of the company. He told the visitors that Syngenta is committed to help small farmers in becoming professional growers. He told that Syngenta provides solutions for crop protection, seed care, seeds, and lawn & garden which are based upon thorough research and modern technologies. He told the farmers about different products of Syngenta and their respective features. Farmers also asked various questions which the franchise manager responded appropriately. At the end of the visit, Mr. Ijaz Rasool, Program Manager of OPI, thanked the hosts as well as the visitors. The visits were attended by a total of 264 young farmers from eight FLCs. Final Project Report of Financial Literacy Project 23
3.10.4 Khushhali Microfinance Bank Limited OPI organized exposure visits of 8 financial literacy centers to Khushhali Microfinance Bank Limited, Lodhran on August 24, 2013. The objective of the visits was to build linkages between young farmers and the microfinance bank. A total of 274 trainees from eight FLCs of OPI visited Khushhali Bank. Mr. Zulfiqar Ali (Branch Manager of Khushhali Bank) along with his colleagues Mr. Muhammad Ajmal and Syed Abdul Haq welcomed the participants. He introduced Khushhali Bank, its policies for micro- financing, account opening procedure, use and benefits of ATM cards, and details about various products of the bank. He shared that Khushhali Bank is working with different farmer groups. Area development officers of the bank mobilize the farmers who can obtain micro credit facility on social collateral by organizing a group of local farmers. He offered credit to the visiting farmers for purchase of machinery and tractor etc. During the presentation, trainees of FLCs made many questions regarding loans in different conditions and aspects. Mr. Zulfiqar Ali responded to these questions. At the end of the meeting, IEC material from Khushhali Bank was distributed among the participants. Mr. Ijaz Rasool, Program Manager of OPI thanked to the officials of Kushhali Bank for providing information about banking and especially thanked to young farmers for their keen interest during question and answer session 3.10.5 Farmers Integrated Development Association OPI arranged exposure visits to Farmers Integrated Development Association, Vehari a non-profit NGO working for increasing income of farmers. Visits were conducted on August 21-23, 2013. A total of 280 young farmers from eight financial literacy centers of OPI attended these visits. Mr. Muhammad Iqbal, Program Manager of FIDA, welcomed all the participants at FIDA office Vehari. He told the visitors that agricultural industry in Pakistan is deprived despite the fact that 60% of rural population depends upon agriculture for daily bread and butter. He said that ever-increasing population, expanded residential colonies and minimized agriculture land are bringing us towards a critical situation of food security. He told that tunnel farming has been introduced for getting Final Project Report of Financial Literacy Project 24
early production of summer crops especially vegetables. He added that farmers can enhance their income by getting high production up to 60% more than traditional farming by adopting and promoting tunnel farming in a country. After the presentation all the participants visited the kitchen gardening area at roof of FIDA office. The hosts told that every person should have the right to decide what they eat and to ensure that food in their community is healthy and accessible. This is the basic principle of food sovereignty. Kitchen gardening is the part of human culture. These small family plots have been called by a variety of names over the years: kitchen gardens, victory gardens and the Japanese tea gardens. Mr. Iqbal shared that the main purpose of a kitchen garden is to provide food for the family. In ancient times, kitchen gardens were the sole source of food in a mainly vegetarian diet. In the modern era, the kitchen gardens supplement food budget and provide balanced nutrition in a hurried, ready-made-meal world. Moreover he discussed about the importance of kitchen gardening. He said, for a beginning gardener with an average-sized family, a vegetable garden does not required large space. An area of 25 square feet should be adequate for this purpose. He told the young farmers to avoid starting with a too large space. At this occasion, the young farmers made several cross questions about cotton diseases, tunnel farming and kitchen gardening. Mr. Iqbal answered all trainees reasonably and satisfactorily. The participants also learned about preserving fruits and vegetables in the form of jam, achaar, drinks and ketchup. The hosts told the visitors that preserved fruits and vegetables can also be sold in the market with a higher profit margin. At the end of the visit, Mr. Ijaz Rasool, Program Manager, OPI thanked to the management and staff members of FIDA for providing useful information about pest management, kitchen gardening, tunnel farming and food security and especially for keen interest during question and answering. 3.11 Publication of Final Project Report Printing and dissemination of final project report was the last activity of the project. OPI developed, printed and disseminated this report among key stakeholders of the project.
Final Project Report of Financial Literacy Project 25
4. Pre and Post Tests of Trainees OPI have conducted the pretest of trainee and know the existing knowledge of trainees before starting the class at financial literacy center on development format. After completion of financial literacy period of three month OPI have conducted posttest of participants to know the knowledge after classes at financial literacy center. Below graph show the knowledge of trainees before and after financial literacy centers. 4.1 Pretest Analysis
4.2 Posttest Analysis
29% 18% 8% 3% Record keeping Financial Management Banking Communication 72% 58% 43% 53% Record keeping Financial Management Banking Communication Final Project Report of Financial Literacy Project 26
4.3 Pretest vs. Posttest
29% 18% 8% 3% 72% 58% 43% 53% 0% 10% 20% 30% 40% 50% 60% 70% 80% Record keeping Financial Management Banking Communication Pretest result Post test result Final Project Report of Financial Literacy Project 27
4. Case Studies & Success Stories 4.1 Opponent of girls education now wants a girls school in his village Sahib Yar Khan a 50 years old farmer lives in Basti Sardar Wali of union council Kundi, Tehsil Lodhran. He has six children. His major source of income is agriculture and he is owner of 10 acre of agricultural land. He is a well-respected and influential person of his village. When OPI team visited his village and conducted orientation meeting with local community, it immediately agreed for opening a financial literacy center. Community was very happy and enthusiastic for opening the literacy center for female but Mr. Shaib Yar refused to open the literacy center for female at Basti Sardarwali. He said that females of his village have no time for education and it is not important for them. He had opinion that females only responsibility is to give birth to children and then to look after them. He became angry upon OPI team and other community members. Due to his influence, people of the village were not able to pass over him. Sahib Yar also stopped the OPI team to visit his village again. However, OPI team took it as challenge and continued their struggle for providing financial literacy to the females of the village. OPI team conducted a series of one to one meetings with Shaib Yar. After a number of meetings, they managed to convince Sahib Yar for opening financial literacy center for female young farmers of his village. Though it was challenging yet OPI team done it through effective mobilization. As a result, Shaib Yar called a meeting of the community himself and invited OPI team for the opening of financial literacy center. He helped OPI team for the selection of financial literacy trainer and trainees. A person, who used to oppose education for girls and financial literacy for women, was changed. OPI established financial literacy center for young women farmers in his village where 35 women got financial literate. Sahib Yar now wants OPI to help his community for establishing a school for their girls. 4.2 Amir Iqbal can now calculate profit & loss. Amir Iqbal is an 18 years old farmer who lives in Basti Matman Wali of union council Kundi, tehsil & district Lodhran. He is the only son of his parents. He helps his father in agriculture field. Traditionally, they cultivate cotton & wheat crops and sell it in local markets. But most of the time, they suffer from losses. He always dreamed of increasing profit through crops and wanted to expand his cultivated land more and more. But frequent losses kept him and his father unable to attain their goal. One major Final Project Report of Financial Literacy Project 28
reason of losses was their inability to calculate profit & loss of their crops. Furthermore, they never kept any record of investments and / or returns. When OPI team conducted orientation meeting at his village, he requested the OPI team to register his name as a trainee. He expressed great interest in attaining financial literacy. He got registered as a trainee and attended the financial literacy center on regular basis. After completing the three months financial literacy course, he has now become able to calculate profit and loss. He has also learnt about different concepts and techniques for keeping record of financial transactions. He is now able to manage financial affairs related to his agricultural farm. Now he can even keep record of hidden expenses. He was the youngest trainee at Basti Matman Walis financial literacy center. Now Mr. Amir Iqbal is confident that he will be able to save on input costs and to increase the profit out of his agricultural land. 4.3 Frequent losses made him drug-addicted. Rasheed Iqbal is a 30 years old young farmer who belongs to Basti Matman Wali of union council Kundi, district Lodhran. He lives with his parents. His main source of income is agriculture. He is owner of 3 acres of agricultural land. He never tried to calculate the profit and loss of their business. He did not know how to calculate the profit and loss. He decided that he will leave the business of agriculture due to frequent losses. He became desperate and indulged himself into drug addiction. During OPIs orientation meeting with community at his village, he requested register him as a trainee. OPI team engaged him in financial literacy center and made him optimistic and futuristic. He looked very satisfied and responsible in day to day learning at the financial literacy center. According to him, this center brought a revolutionary change in his life. He learnt the use of ATM card, procedure of taking agriculture loan from banks, and keeping appropriate record of inputs and outputs of business. After completing financial literacy course, he has become able to estimate expenditures and manage them effectively and efficiently in a systematic and scientific way. Financial literacy center was a great source of inspiration and learning for Final Project Report of Financial Literacy Project 29
him. OPI team aims to continue providing support and guidance to young farmers and tell them how they will increase their profit. It is expected that as a result of such activities young farmers will be able to maximize their earning through their crops. 4.4 Muhammad Mustaqeem keeps all financial records of his agricultural business. Muhammad Mustqeem is 21 years old farmer and lives at Basti Liaquatabad, UC Salsadar, District Lodhran. He lives with his parents. He owns 4 acres agriculture land. He did not know such methods to calculate his expenditures and incomes. He was much worried about it. He wanted to learn about financial management of his business but no institution was offering such an exclusive course. When OPI opened financial literacy center in his village, he got enrolled in it. He attended the sessions regularly and learnt skills related to financial management, banking, procurement, communication, negotiation, and marketing. He learnt to make budget for agricultural crops. He got ability to estimate expenditures of fertilizer and pesticides required for the crops. He also learnt about ledger, record keeping and receipt account. After learning these skills, Muhammad Mustaqeem now maintains proper financial records of his business. Hopefully, it will help him to increase his income in future. 4.5 Mansab Mai can make budget for her home. Mansab Mai belongs to Basti Sardarwali in UC Kundi of Lodhran. She lives with her four children and husband. She helps her husband in agriculture. After managing his responsibilities at home, he goes with her husband and works in agricultural fields. Though both of the persons work together for cultivation yet the income earned through it always remains insufficient to meet their basic needs. In these circumstances, Mansab Mai always wanted to make a sustainable source of income for her family. After announcement of OPIs financial literacy center in her village, she got registered as a trainee. After attending classes on regular basis, she is very happy to learn about record keeping and maintaining financial records. She says that now she is able to calculate profit and loss of business Final Project Report of Financial Literacy Project 30
and able to book the daily expenses. After learning budgeting skills from OPIs financial literacy center, she has started preparing monthly budget for her home in order to overcome the financial problems through efficient utilization of available money. Her husband is also very happy that his wife is able to maintain the expenditures of home and agriculture. She shared with OPI that the sessions at financial literacy center have also enabled her to express her views confidently.
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5. Lessons Learnt OPI team faced following challenges during first month of the implementation of the project. Social mobilization is a long-term process that needs commitment and continuous efforts. Once the social mobilizer earns trust of the community, s/he can mobilize the community with less efforts. Often the most rigid person becomes your activist if you can successfully communicate your message to him/her. Local traditions, cultural values, and religious beliefs must be respected in order to work with the communities. Engaging community members for local-level monitoring often helps in improving quality of activities. Healthy competitions between villagers / people increase their self-confidence. Mobilization process requires more time for andragogy interventions.
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Annexure
1. List of trainees 2. List of FLCs and Financial Literacy Trainers 3. Study plan for Financial Literacy Centers 4. Questionnaire for pretest and posttest of trainees 5. Format for daily logbook of trainees 6. Format for monitoring of FLCs 7. Sample media coverage Final Project Report of Financial Literacy Project 33
1. List of Trainees S# Name Father / Husband Gender Age (Years) FLC Basti Sardar Wali, UC Kundi 1 Shahnaz Bibi Hashim Khan (H) Female 22 2 Rifat Bibi M. Qasim (H) Female 20 3 Shahbana Abdul Razaq Female 20 4 Kousar Bibi M. Mushtaq Female 19 5 Momal Bibi M. Rubani Female 33 6 Rukaya Bibi Raees Khan Female 34 7 Perveen Bibi Nadeem Khan Female 30 8 Uzma Bibi Sahib Yar Female 19 9 Humaira Bibi Female 19 10 Farhana Bibi Qasim Khan Female 22 11 Salma Bibi Amir Khan Female 24 12 Naseban Bibi Peer Baksh Female 22 13 Munsab Mai Shahid Balooch (H) Female 29 14 Tahira Bashir Bashir Ahmed Female 18 15 Shazia Bibi M. Tanveer Female 21 16 Noreen Mai Ahmed Yaar Female 18 17 Shehnaz Mai Maqbool Sain (H) Female 34 18 Sobia Bibi Khizar Hayat Female 27 19 Musrat Bibi Zahid Khan (H) Female 22 20 Kusar Bibi Niaze Khan (H) Female 27 21 Reema Bibi Jumma Khan Female 21 22 Farha Mai Tariq Mehmod (H) Female 23 23 Hajiran Mai Ahmad Yar Female 33 24 Noreen Mai Azam Khan (H) Female 28 25 Naseem Mai Javaid Khan (H) Female 29 26 Samreen Bibi M. Shamil (H) Female 26 27 Sumaira Mai M. Qavait (H) Female 25 28 Balqees Bibi M. Niazi (H) Female 33 29 Rukhsana M. Niaze (H) Female 21 30 Nasreen Bibi Rahim Yar Khan Female 34 31 Guddo Mai Rahim Yar Female 34 32 Samina Bibi M.Israr Female 31 33 Shazia Bibi M.Madni Female 18 34 Alia Bibi Abdul Razaq Female 18 35 Haseena Mai Mehbob Khan Female 35 FLC Basti Matman Wali, UC Kundi 36 Muhammad Riaz Mushtaq Ahmed Male 30 37 Rasheed Iqbal Muhammad Iqbal Male 30 38 M.Amir Iqbal M.Iqbal Male 19 39 M.Sadaam Khalil Ahmed Male 23 Final Project Report of Financial Literacy Project 34
40 Aitabar Hussain Khuda Yaar Male 27 41 M.Asad Bashir Ahmed Male 27 42 Raja Khan Qutab Din Male 19 43 M.Asgar M.Ramzan Male 18 44 Junaid Ali M.Ali Male 19 45 M.Qasim Muhammad Yaar Male 25 46 M.Shehzad Lal Bakhsh Male 18 47 Rana Amir Ali Rana Gulam Muhammad Male 18 48 M.Ikhtayar Khuda yaar Hussain Male 24 49 M.Shehzad M.Abbas Male 26 50 M.Zahir M.Tahir Male 18 51 M.Imran M.Ayub Male 25 52 Shah Muhammad Shakar Khan Male 35 53 Mehboob Khan Raees Ahmed Khan Male 31 54 Hashim khan Raees Ahmed Khan Male 30 55 M.Irfan Soby Khan Male 22 56 Shah zaib Gind Wada Male 18 57 Sadam Hussain Muhammad Bux Male 18 58 Bu Ali Muhammad Ali Male 19 59 Hakim Ali Muhammad Ali Male 21 60 Waris Ali Ahmed Khan Male 31 61 M Shahid Allaha Ditta Male 19 62 Muhammad Sajjad Muhammad Ramzan Male 26 63 M.Mubashir Nawaz Rub nawaz Male 18 64 Bismillah Riaz Ahmed Male 19 65 Ijaz Ahmed Fiaz Bux Male 28 66 Muhammad Qwaid Khan Ghulam Mustafa Male 27 67 M.Nayazi Liakat Khan Male 25 68 M.Tanvir Gulam Mustafa Male 18 69 M.Wasim M.Hanif Male 21 70 M.Shoaib Jind Wada Male 18 71 M.Sabir Bashir Ahmed Male 25 72 Shehzad Abdul -Razaq Male 18 73 M.Sajjad Mosa Khan Male 23 FLC Basti Liaquatabad, UC Salsadar 74 Kaleem Ullah Shah Nawaz Male 24 75 Mohi-ud-Din Muhammad Rafique Male 35 76 Muhammad Arif Muhammad Ashiq Male 23 77 Meher Khan Abdul-Sattar Male 25 78 Muhammad Shabbir Muhammad Rasheed Male 26 79 Muhammad Azam Muhammad Hanif Male 21 80 Ali Shan Manzoor Ahmad Male 23 81 Muhammad Bilal Muhammad Iqbal Male 24 82 Muhammad Ishfaq Muhammad Rafique Male 24 Final Project Report of Financial Literacy Project 35
83 Nooray Khan Allah Rakha Male 31 84 Muhammad Hayat Muhammad Ashiq Male 33 85 Shahid-ul-Hasan Hasan Muhammad Male 25 86 Muhammad Mushtaq Muhammad Shafi Male 31 87 Muhammad Afzal Abdul Majeed Male 33 88 Muhammad Sajid Nazar Muhammad Male 23 89 Ferman Gulam Mustafa Male 25 90 Jahangir Umer Khan Male 23 91 Rao Sajid Ali Khan Rao Yasin Male 26 92 Muhammad Shafique Muhammad Rafique Male 30 93 Zahid-ul-Hasan Hasan Muhammad Male 28 94 M.Ishfaq Shamshad Ahmed Male 33 95 Rao Haleem Shah Nawaz Male 31 96 Muhammad Riaz Muhammad Anwar Male 31 97 Mustaqeem Mangat Male 18 98 Ali Raza Muhammad Qadeer Male 18 99 Ali Shan Muhammad Nisar Male 22 100 M.javaid Gulam Mustafa Male 23 101 Rao Jahanzeb Rao Aurangzeb Male 18 102 Muhammad Asif Abdullah Khan Male 25 103 Muhammad Saleem Muhammad Usman Khan Male 25 104 Naeem Akhtar Muhammad Sharif Male 24 105 Alamgir Umer Khan Male 27 106 Munzoor M.Iqbal Male 27 107 Makhdum Nasir Dildar Ahmed Male 29 FLC Basti Gharwalli, UC Salsadar 108 Irshad Khan Ashiq Muhammad Male 22 109 Muhammad Suhran Madni Khan Male 22 110 Abdul-Rehman Muhammad Bashir Male 35 111 Shams Khan Rasheed Ahmad Male 23 112 Muhammad Safdar Rasool Bakhsh Male 32 113 Hameed Khan Khan Khalil Khan Male 33 114 Punnu Khan Mureed Khan Male 34 115 Jahanzaib Khan Akram khan Male 18 116 Amir Khan Anwar Khan Male 18 117 Niaz Khan Rasheed Ahmad Male 18 118 Mehran Khan Haider Khan Male 21 119 Ishfaq Khan Rasheed Khan Male 18 120 Amjad Khan Mazhar Khan Male 22 121 Gul Muhammad Hazaaray Khan Male 28 122 Rashid Khan Nazuk Muhammad Male 23 123 Qasim Khan Haji Allah Bakhsh Male 28 124 Zubair Khan Iqbal Khan Male 18 125 Shehzad Khan Shabbu Khan Male 18 Final Project Report of Financial Literacy Project 36
126 M. Asif Mazhar Khan Male 18 127 Ilyas Khan Mureed Khan Male 29 128 Faheem Khan Allah Dad Khan Male 18 129 M. Qasim M. Nawaz Male 26 130 Raheem Yar Khan Qutb-ud-Din Male 35 131 Nadeem Khan Qutb-ud-Din Male 18 132 Riaz Ahmad Rasheed Ahmad Male 28 133 Muhammad Saleem Khan Allah Dad Khan Male 26 134 Muhammad Ayaz Khan Haider Khan Male 33 135 M.Ashraf M. Aslam Male 20 136 M.Muneer Allah Yar Male 18 137 M.Waseem Allah Ditta Male 20 138 M.Ayaz Jind Wadda Male 30 139 M.Asif Mushtaq Ahmed Male 20 140 M.Riaz Khan Lal Khan Male 33 141 M.Waqas Peeran Ditta Male 18 142 M.Fiaz M.Moosa Male 18 FLC Basti Balochan, UC Sumra 143 M.Sabir Hussain Rub Nawaz Male 20 144 Khadim Hussain Allaha Baksh Male 35 145 M.Arif Nazeer Ahmed Male 34 146 M.Shahid M.Sharif Male 18 147 M. Raziq Nazeer Ahmed Male 31 148 Ahmed Nawaz Haq Nawaz Male 18 149 M. Aslam Khan Muhammed Male 34 150 Rab-Navaz Gulam-Fareed Male 32 151 M.Bilal Allaha Devaya Male 30 152 M. Fareed Allaha bachaya Male 20 153 Nasrullaha Nasir Allaha Vasaya Male 23 154 Atta -Ulaha Gulam-Rasool Male 23 155 M. Ajmal M. Ramzan Male 28 156 M. Arshad Ghulam Rasool Male 27 157 M. Siraj Ghulam Sarwer Male 27 158 Azhar Hussain M. Ayyub Male 20 159 M.Rashid M.Nawaz Male 20 160 Ijaz Hussain Ghulam Yaseen Male 18 161 M.Maki Khuda Yar Male 23 162 Khuda Yar Allah Yar Male 34 163 M. Javed M. Ismail Male 26 164 M.Ayaz m.Hanif Male 18 165 M. Shehzad Allah Wasaya Male 18 166 M.Feyaz M.Hanif Male 23 167 M.Feyaz Bashir Ahme Male 18 168 Mehmood-ul-Hassan Abdul Rashid Male 26 Final Project Report of Financial Literacy Project 37
169 M.Asif Khuda Hussain Male 18 170 Jamil Ahmed Faiz Buz Male 18 171 M.Yasir M.Ali Male 18 172 Aqeel Ahmed Faiz Bux Male 18 FLC Basti Jhoke Wala, UC Sumra 172 Rukhsana Akhtar Muhammad Akhtar Female 22 173 Naseem Idress Muhammad Idress Female 20 174 Nasreen Tahir Muhammad Tahir Female 34 175 Shamim Ayoob Muhammad Ayoob Female 23 176 Naeem Akhtar M.Akhtar Ijaz Female 27 177 Sageeran Bibi M.zulfaqar Female 23 178 Yasmeen Idress Muhammad Idress Female 19 179 Nayyer Sultana M.Tanweer Female 28 180 Sohaa Rayasat M.Rayasat Female 18 181 Uzma Khadim Hussain Khadim Hussain Female 19 182 Shehnaz Akhtar Muhammad Mahfooz Female 19 183 Lubna Ashraf Muhammad Ashraf Female 18 184 Rafya Aayub M.Aayub Female 20 185 Safeena Nauman Muhammad Luqman Female 19 186 Nosheen Tahir Muhammad Tahir Female 18 187 Mehreen Iqbal Muhammad Iqbal Female 19 188 Aysha Tasawer M.Tasawer Female 18 189 Tahira Akbar Muhammad Akbar Female 20 190 Nargis Anwar M.Anwar Female 19 191 Shaista Kanwal Allaha Yaar Female 23 192 Umreena Luqman Muhammad Luqman Female 20 193 Rakhshinda Anwar Muhammad Anwar Female 19 194 Sajida Ahmed Sher Ahmed Sher Female 22 195 Ferzana Begum M.Akhter Female 35 196 Sana Ayyaz Muhammad Ayyaz Female 18 197 Sana Wali Muhammad Wali Female 19 198 Rimsha Kiran Umeed Ali Female 18 199 Sumaira Haneef Muhammad Haneef Female 18 200 Lubna wakeel M.wakeel Female 18 201 Sumaira Bibi M.Hussain Female 20 202 Sania Liaquat Muhammad Liaquat Female 19 203 Haleman Bibi Habib-Ulahah Female 31 204 Saira Begum Rafaqat Ali Female 32 205 Rubania Kousar Rao M.Younas Female 33 206 Shagufta Perveen Atta Rasool Female 18 207 Shahzadi M.Ishaq Female 28 208 Nagma Ashraf M.Ashraf Female 23 209 Iqra Bibi M.Muqeem Female 22 210 Aysha Bibi M.Mursaleen Female 21 Final Project Report of Financial Literacy Project 38
211 Chaman Iqbal M.Iqbal Female 20 212 Rukhsana Akhtar Muhammad Akhtar Female 22 FLC Basti Sohanray Wala, UC Kamal Pur Jatiyal 213 Nazia Aslam Javed M. Aslam Javed Female 19 214 Iqra Aslam Javed M.Aslam Javed Female 18 215 Asima Imran M.Imran Female 30 216 Shaheen Allaha-Bachaya Female 18 217 Fazeelat Ghaffar Ghaffar Ghauri Female 18 218 Afshan Bibi Noor Din Female 21 219 Noreen Sattar Abdul Sattar Female 19 220 Shabbana Noor Din Noor Din Female 19 221 Aqsa Shabbir Ghulam Shabbir Female 18 222 Zubaida Ahmad Yar Ahmad Yar Female 19 223 Sonia Muhammad Sharif Female 19 224 Sobia Muhammad Sharif Female 18 225 Shehnaz Bibi Muhammad Ramzan Female 18 226 Shabnam Dilshad Muhammad Dilshad Female 26 227 Sajida Gul Muhammad Yaqoob Female 19 228 Nosheen Tahir Tahir Ali Female 18 229 Aneela Yousaf Muhammad Yousaf Female 18 230 Sajida Saleem W/O Muhammad Tasleem Female 26 231 Shaista Muhammad Qurban Female 18 232 Shahida kaleem M.Kaleem Female 25 233 Nosheen Sharif Muhammad Sharif Female 18 234 Abida Parveen Abdul Shakoor Female 19 235 Sonia Maqbool Muhammad Maqbool Female 18 236 Noreen Qalam-Deen Female 18 237 Noor Banoo Qalam-Deen Female 19 238 Nasreen Azeem M.Azeem Female 19 239 Sonia Asghar Muhammad Asghar Female 19 240 Rifat Khalil Khalil Ahmad Female 18 241 Shazia Bilal M.Bilal Female 25 242 Mumtaz Ashraf Muhammad Ashraf Female 25 243 Shehnaz Yaseen Ghulam Yaseen Female 20 244 Kiran Shehzadi Ghulam Yaseen Female 18 245 Lubna Iqbal Muhammad Iqbal Female 18 246 Iqra Rasheed M. Rasheed Female 18 247 Anam Akhtar M.Akhtar Female 18 248 Shazia Naeem M.Naeem Female 23 FLC Basti Mitti Chattan, UC Kamal Pur Jatiyal 249 Muhammad Saleem Muhammad Aslam Male 19 250 Shahnawaz M.Usaf Male 18 251 Wseem Sadiq M.Sadiq Male 19 252 M.Javaid Shah Ahmed Shah Male 18 Final Project Report of Financial Literacy Project 39
253 Muhammad Nawaz Mehr Din Male 35 254 Muhammad Saleem Muhammad Sadiq Male 20 255 Ghazi Abbas Muhammad Sharif Male 27 256 M.Zahid Gulam Fareed Male 19 257 M.Zahid Bilal Haji Bagh Ali Male 19 258 Siraj Ahmad Haji Nawaz Male 24 259 Bashir Ahmad Imam Bakhsh Male 33 260 Shehnshah Hussain Muhammad Tufail Male 26 261 Muhammad Saleem Haji Khadim Male 20 262 Muhammad Abbas Allah Dewaya Male 28 263 Shan Zafar Iqbal Male 20 264 Muhammad Nasir Haji Abdullah Male 21 265 Shoukat Shah Abdul-Hameed Shah Male 28 266 Sabir Hussain Muhammad Nawaz Male 27 267 Adnan Haji Manzoor Male 20 268 Muhammad Irshad Kanwal Haji Abdullah Male 30 269 Syed Waseem shah Ahmed Shah Male 18 270 Muhammad Khalid Muhammad Siddique Male 24 271 M.Amir Zahoor Ahmed Male 18 272 M.Mujahid Manzoor Ahmed Male 18 273 M.Shehzad M.Tufail Male 19 274 M.Akram Ahmed Baksh Male 18 275 Muhammad Ramzan Ghulam Fareed Male 34 276 Muhammad Luqman Gul Muhammad Male 32 277 Sirfaraz Muhammed Sadeeq Male 18 278 M.Imran Maher Deen Male 22
Final Project Report of Financial Literacy Project 40
2. List of FLCs and Financial Literacy Trainers S# Name of FLC Union Coucnil Name of Trainer No. of Enrolled Trainees Male Female Total 1 Basti Sardar Wali Kundi Shahnaz Khan -- 35 35 2 Basti Matman Wali Kundi Muhammad Shahid 38 -- 38 3 Basti Liaquatabad Salsadar Munawar Ali 34 -- 34 4 Basti Gharwalli Salsadar Muhammad Imran Khan 35 -- 35 5 Basti Balochan Sumra Manzoor-ul-Hasan 30 -- 30 6 Basti Jhoke Wala Sumra Muhammad Tariq -- 40 40 7 Basti Sohanray Wala Kamal Pur Jatiyal Uzma Malik -- 36 36 8 Basti Mitti Chattan Kamal Pur Jatiyal Malik Kashif 30 -- 30 Total Number of Trainees 167 111 278
Final Project Report of Financial Literacy Project 41
3. Study Plan for Financial Literacy Centers Session # Topic(s) Day Date 1. Registration of Participants Introduction of Trainer & Trainees Introduction of OPI & Financial Literacy Project Friday 17-May-2013 2. What is Financial Literacy? Saturday 18-May-2013 3. Importance of Financial Literacy Monday 20-May-2013 4. Financial Literacy for Farmers Tuesday 21-May-2013 5. What is Record Keeping? Wednesday 22-May-2013 6. Definition of Record Keeping Thursday 23-May-2013 7. Component of Record Keeping Friday 24-May-2013 8. Importance of Record Keeping Saturday 25-May-2013 9. Benefits of Record Keeping Monday 27-May-2013 10. Revision of Importance and Benefits of Record Keeping Tuesday 28-May-2013 11. Definition of Accounting Objectives of Accounting Introduction to Bookkeeping Wednesday 29-May-2013 12. Things to Remember in Accounting Persons & Entities to use Accounting Thursday 30-May-2013 13. Assets Types of assets Friday 31-May-2013 14. Double Entry System of Bookkeeping Saturday 01-Jun-2013 15. Definition of Receipt Benefits of Receipt Monday 03-Jun-2013 16. Voucher Definition of Voucher Cash Book Tuesday 04-Jun-2013 17. Income & Expense Entries in Cash Book Wednesday 05-Jun-2013 18. Income & Expense Entries in Cash Book Thursday 06-Jun-2013 19. Income & Expense Entries in Cash Book Friday 07-Jun-2013 20. Income & Expense Entries in Cash Book Saturday 08-Jun-2013 21. Ledger Monday 10-Jun-2013 22. How to Use Ledger? Tuesday 11-Jun-2013 23. Practical Exercise of Using Ledger Wednesday 12-Jun-2013 24. Day Book Thursday 13-Jun-2013 25. How to Use Day Book? Friday 14-Jun-2013 26. Practical Exercise of Using Day Book Saturday 15-Jun-2013 27. Books of Accounts Monday 17-Jun-2013 28. Bank Bank Slip Cheque Book Tuesday 18-Jun-2013 Final Project Report of Financial Literacy Project 42
29. Counterfoil and Using it Wednesday 19-Jun-2013 30. Types of Cheques Open Cheque Order Cheque Thursday 20-Jun-2013 31. Types of Cheques Crossed Cheque Canceled Cheque Friday 21-Jun-2013 32. 4 Types of Cheques (Presentations by Trainees) Saturday 22-Jun-2013 33. Bank Statement Monday 24-Jun-2013 34. Bank Reconciliation Tuesday 25-Jun-2013 35. Bank Reconciliation Wednesday 26-Jun-2013 36. Accounting Cycle Thursday 27-Jun-2013 37. ATM Card Friday 28-Jun-2013 38. How to Use ATM Card? Benefits of ATM Card Saturday 29-Jun-2013 39. Branchless Banking How to Use Branchless Banking? Monday 01-Jul-2013 40. Communication Types of Communication Tuesday 02-Jul-2013 41. Verbal Communication Wednesday 03-Jul-2013 42. Non-Verbal Communication Thursday 04-Jul-2013 43. Effective Communication Friday 05-Jul-2013 44. Effective Communication Saturday 06-Jul-2013 45. Communication Model Sender Receiver Monday 08-Jul-2013 46. Communication Model Message Medium / Channel Reaction Tuesday 09-Jul-2013 47. Communication Barriers Distance Speed Wednesday 10-Jul-2013 48. Communication Barriers Channel / Medium Listener / Receiver Thursday 11-Jul-2013 49. Communication Barrier Sender Interruption / Noise Friday 12-Jul-2013 50. Responsibilities of Sender Saturday 13-Jul-2013 51. Responsibilities of Receiver Monday 15-Jul-2013 52. Characteristics of Effective Communication Tuesday 16-Jul-2013 53. Practice of Effective Communication Wednesday 17-Jul-2013 Final Project Report of Financial Literacy Project 43
54. Practice of Effective Communication Thursday 18-Jul-2013 55. Procurement Friday 19-Jul-2013 56. Factors to Influence Procurements Handling & Shipping Marginal Benefit Cost Fluctuations Saturday 20-Jul-2013 57. Introduction to Procurement Process Steps of Procurement Process Monday 22-Jul-2013 58. Steps of Procurement Process Need Identification Identification of Vendors Tuesday 23-Jul-2013 59. Steps of Procurement Process Contacting Vendor Negotiation Wednesday 24-Jul-2013 60. Steps of Procurement Process Previous Experience with Vendor Transportation Thursday 25-Jul-2013 61. Recording Income & Expenditure Friday 26-Jul-2013 62. Recording Income & Expenditure Saturday 27-Jul-2013 63. Recording Income & Expenditure Monday 29-Jul-2013 64. Budgeting Tuesday 30-Jul-2013 65. Budgeting Wednesday 31-Jul-2013 66. Budgeting Thursday 01-Aug-2013 67. Budget Variance Friday 02-Aug-2013 68. Budget Variance Saturday 03-Aug-2013 69. Budget Variance Monday 05-Aug-2013 70. Calculation of Profit & Loss Tuesday 06-Aug-2013 71. Calculation of Profit & Loss Wednesday 07-Aug-2013 72. Calculation of Profit & Loss Monday 12-Aug-2013 73. Overall revision Tuesday 13-Aug-2013 74. Overall revision Thursday 15-Aug-2013 75. Overall revision Friday 16-Aug-2013
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4. Questionnaire for pretest and posttest of trainees
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5. Format for daily logbook of trainees
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6. Format for monitoring of FLCs
Name of Financial Literacy Centre: _________________________________________________ Name of Trainer: ______________________________________________________________ Date & Time of Visit: ____________________________ ______ Status of FLC: Opened / Closed General Information: No. of Trainees Registered Present Absent Unregistered
Was the trainer available on site? Yes / No What specific activities were going on at the time of visit? __________________________________________________________________________________ __________________________________________________________________________________ __________________________________________________________________________________ Do above mentioned activities correlate with the posted study plan? Yes / No Observations: A Observed Available Facilities 1 Toilet facility available? Yes No 2 Safe drinking water source available? Yes No 3 Is there adequate light and ventilation? Yes No 4 Facilities and equipment required for scheduled activities are available Yes No 5 Panaflex banner of Financial Literacy Centre hanged inside the centre Yes No 6 Panaflex banner of Financial Literacy Centre hanged outside the centre Yes No 7 At least 2 panaflex standees of OPI available in the centre. Yes No 8 Is there a notice board available and regularly being used? Yes No B Observed Physical Environment 1 The space is organized and tidy (e.g. observed swept clean, things put away in an orderly way) Yes No 2 There are charts and trainees work displayed on the walls. Yes No 3 Seating arrangements encourage participation/grouping (e.g. not in school room rows) Yes No 4 Daily attendance of trainees being maintained regularly Yes No C Observed Social & Learning Environment 1 Are the trainees participating in learning activities? Yes No Final Project Report of Financial Literacy Project 47
2 Is group work encouraged and facilitated by the Trainer? Yes No 3 Is there a cooperative atmosphere between the trainees and the trainer? Yes No 4 Does the supervisor/facilitator communicate (verbally/nonverbally) to children in a positive & friendly way (i.e. no shouting, pushing, forcing)? Yes No E Observed Management / Communication 1 Do trainees share responsibilities for tasks within the group? Yes No 2 Is the trainer organized when undertaking activities? Yes No 3 Does the trainer communicate in local language? Yes No F Observed Learning Process 1 Do the activities incorporate local traditions? Yes No 2 Do the trainees have sufficient stationery available for learning purpose? Yes No
Best Practices: __________________________________________________________________________________ __________________________________________________________________________________ __________________________________________________________________________________ Areas of Improvement: __________________________________________________________________________________ __________________________________________________________________________________ __________________________________________________________________________________ Other Suggestions / Remarks: __________________________________________________________________________________ __________________________________________________________________________________ __________________________________________________________________________________
Name of Monitor: ______________________________________________________________ Designation: _____________________________________________________________________ Signature: ________________________________ Date: _____________________________ Final Project Report of Financial Literacy Project 48
7. Sample media coverage
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