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draft project proposal

The document outlines a project aimed at enhancing financial literacy among residents of Mayacabac through workshops and educational materials. The initiative, led by NSTP 2 CWTS C302 students, focuses on improving financial knowledge, promoting responsible behaviors, and fostering savings habits over a two-day implementation period in February 2025. The project targets approximately 50 residents, aiming to empower them with essential skills for better financial management and independence.

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alexandritegem13
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© © All Rights Reserved
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20 views

draft project proposal

The document outlines a project aimed at enhancing financial literacy among residents of Mayacabac through workshops and educational materials. The initiative, led by NSTP 2 CWTS C302 students, focuses on improving financial knowledge, promoting responsible behaviors, and fostering savings habits over a two-day implementation period in February 2025. The project targets approximately 50 residents, aiming to empower them with essential skills for better financial management and independence.

Uploaded by

alexandritegem13
Copyright
© © All Rights Reserved
Available Formats
Download as ODT, PDF, TXT or read online on Scribd
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ENHANCING THE FINANCIAL

LITERACY AMONG THE RESIDENTS


OF MAYACABAC

By

NSTP 2 CWTS C302


COLLEGE OF BUSINESS AND ACCOUNTANCY
UNIVERSITY OF BOHOL

Bonio,Threxcy H.
Cruz,Allyana May
Encabo,Jamaicah Faith
Gato,May Ann
Labuan,Kristine Ann
Sy, Angel A.

February 2025
TABLE OF CONTENTS
TITLE PAGE . . . . . . . . . . . . . . . . . . .
TABLE OF CONTENTS . . . . . . . . . . . . . . . . . .
PROJECT PROPONENT . . . . . . . . . . . . . . . .
IMPLEMENTING UNITS/IMPLEMENTERS . . . . . . . . . .
PROJECT DURATION . . . . . . . . . . . . . .
LENGTH OF IMPLEMENTATION . . . . . . . . . . . . . .
OBJECTIVES OF THE PROJECTS . . . . . . . . . . . . . .
PROJECT DESCRIPTION . . . . . . . . . . . . . . . . . .
A. BACKGROUND . . . . . . . . . . . . . . . .
B. JUSTIFICATION OF THE PROJECT . . . . . . . . . . .
C. BENEFITS DERIVED FROM THE PROJECTS . . . . . . .
D. COVERAGE OF THE PROJECTS . . . . . . . . . . . .
METHODOLOGY . . . . . . . . . . . . . . . . . . . . . .
BUDGETARY REQUIREMENTS . . . . . . . . . . . . . . . .
DETAILED SCHEDULES OF PROJECTS . . . . . . . . . . .
PROJECT PROPONENT
NSTP2-CWTS-CBA-C302

IMPLEMENTING UNITS/IMPLEMENTERS
Line 1 (responsible for the lecture proper)

Group leader:
Threxcy H. Bonio
Jamaicah Faith Encabo
Allyana may Cruz
Kristine Ann Labua
Angel Sy

PROJECT DURATION
Date of Implementation
February-April 2025

LENGTH OF IMPLEMENTATION
The project will be implemented over two days. The first day will focus on conducting a
Community Needs Assessment (CAN) and analyzing the data collected during
community visits. On the second day, we will finalize project implementation by
addressing any necessary paperwork, obtaining consent if needed, and initiating
educational activities. This streamlined approach allows us to efficiently deliver financial
literacy workshops and materials to the residents of Mayacabac.

OBJECTIVES OF THE PROJECTS


The primary objectives of this project are to enhance financial literacy among residents
of Mayacabac by providing practical education and tools. Specifically, the goals include:
 Improve Financial Knowledge: Equip residents with essential skills in budgeting,
saving strategies, credit management basics, and introduction to investment
principles.
 Promote Responsible Financial Behaviors: Foster responsible credit
management by understanding credit scores and interest rates.
 Cultivate Savings Habits: Encourage savings for emergencies and future goals.
 Enhance Decision-Making Skills: Develop informed decision-making abilities in
financial contexts.
 Empower Financial Independence: Create financially independent individuals
capable of managing resources effectively.

By achieving these objectives, we aim to improve the overall quality of life for
Mayacabac residents through better financial management practices.

PROJECT DESCRIPTION
A. BACKGROUND
Financial literacy is crucial for effective resource management and informed financial
decision-making. However, many residents in Mayacabac lack this essential skill,
hindering their ability to achieve financial stability and well-being. Financial literacy
combines awareness, knowledge, skill, attitude, and behavior in making sound financial
decisions. It is vital for addressing the current challenges faced by residents in
managing resources effectively and achieving financial well-being. By enhancing
financial literacy, individuals can better navigate economic uncertainties and make
informed choices that improve their quality of life.

B. JUSTIFICATION OF THE PROJECT

Financial literacy is key to helping people overcome poverty and become financially
secure. By teaching residents essential skills like budgeting, saving, using credit wisely,
and investing smartly, they can achieve financial stability and improve their overall
quality of life. This education empowers individuals to make informed decisions about
their money, manage resources effectively, and build a brighter financial future for
themselves and their families. As a result, communities can thrive with more stable
households that are better equipped to handle economic challenges and seize
opportunities for growth.
C. BENEFITS DERIVED FROM THE PROJECTS

 Empowered Residents with Improved Budgeting Skills: Residents will learn to


allocate their income effectively and prioritize expenses, ensuring they make the
most out of their resources.
 Promotion of Responsible Credit Management: By understanding credit scores
and interest rates, residents will adopt responsible borrowing practices that
protect them from financial pitfalls.
 Introduction to Basic Investment Principles: This education fosters long-term
financial planning by introducing residents to basic investment strategies, helping
them grow their wealth over time.
 Cultivation of Savings Habits: Encouraging savings for emergencies and future
goals ensures that residents are prepared for unexpected expenses while
working towards achieving long-term objectives.
 Enhanced Decision-Making Skills in Financial Contexts: With improved financial
literacy, residents will have the ability to make informed decisions about their
money, leading to better financial outcomes.

These benefits collectively empower individuals with the knowledge and skills needed to
manage their finances effectively, achieve stability, and improve their overall quality of
life.

D. COVERAGE OF THE PROJECTS


This project aims to provide practical financial education to approximately 50 residents
or 20 families in Mayacabac. We will deliver engaging workshops, interactive training
sessions, and accessible educational materials tailored to their needs. By focusing on
these community-based activities, we hope to improve the financial knowledge, skills,
and behaviors of these local residents. Our goal is to empower them with essential tools
so they can manage their finances effectively and become financially independent
individuals.

METHODOLOGY
This project seeks to enhance financial literacy among the residents of Mayacabac
through a structured approach. The methodology commences with a Community Needs
Assessment to identify and understand the prevailing financial challenges faced by the
community. Subsequently, interactive workshops will be conducted focusing on
essential skills such as budgeting, saving strategies, credit management basics, and
introduction to investment principles. Educational materials will be distributed during
these sessions to provide practical guidance on effective financial management. The
project team will oversee these activities, potentially collaborating with local partners for
additional support. Feedback from participants will be collected via surveys at the
conclusion of each workshop to evaluate the project’s effectiveness and impact.

BUDGETARY REQUIREMENTS

DETAILED SCHEDULES OF ACTIVITIES

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