Latest News

Friday, 16 May 2025 23:25

28 ORGANIZATIONS IN THE MILF CAMPS STRENGTHEN CAPACITY ON FINANCIAL MANAGEMENT AND BASIC BOOKKEEPING

Written by
Rate this item
(1 Vote)

In March 2025, the BDA Inc. finance division team conducted the skills enhancement and coaching on financial management and basic bookkeeping for the 28 organizations across the six major camps of the Moro Islamic Liberation Front (MILF) namely- Abubakar, Badre, Bilal, Busrah Somiorang, Omar and Rajamda.

Ended in April 2025, the activity helped the participants enhanced their skills in the proper entry of financial transactions to the book of accounts such as the journal book, cash receipt and disbursement book, sales and purchase journal and general ledger.

These groups were consisted of 12 cooperatives (farmers and transitioning combatants), 12 local community groups (women and youth) and four (4) indigenous people’s (IPs) organizations, all organized and supported by the Bangsamoro Camps Transformation Project (BCTP).

In Brgy. Pendulonan, Munai, Lanao del Norte within Camp Bilal, Bangsa Bae 2 Hope of New Generation Pendulonan Association bookkeeper, Sittie Asiyah H. Acmad expressed gratitude to BDA Inc. for the opportunity to further enhance their skills and knowledge on bookkeeping.

“Through these sessions and actual coaching, I learned how to properly record each transaction and I am now confident in carrying out my role as a bookkeeper,” said Acmad.

The same expression was extended by Meryam Manguda, Datalpandan Women and Youth Association (DWAYA) bookkeeper, during the sessions.

She stated, “We are grateful to BDA for the technical support and continued guidance to us. We hope that they will not get tired of guiding us until our association will be finally capacitated on financial management.”

BDA Inc. finance staff Rahima Datumanong reminded the organizations of the importance of proper bookkeeping within the organizations, “Bookkeeping is very essential. It will enable you to track financial transactions and maintain transparency,” said Datumanong.

“By maintaining the accurate and up-to-date financial records, cooperatives and organizations can achieve a long-term sustainability and success,” she added.

The BDA Inc. finance team is committed to guide the beneficiaries on their journey towards managing their business’ finances effectively.

Relative training on financial management and basic bookkeeping was conducted from September to October 2024 that introduced them to the basics of financial management and basic bookkeeping.

At present, the organizations are operational and engaging businesses. They are applying the skills and knowledge they learned from these sessions specifically on their daily financial transactions.

Moreover, the groups also underwent various capacity building activities such as organizational development and management, business planning and sub-project proposal preparation, training on operation and maintenance, selected members underwent experiential learnings, and amongst others.

BCTP has three (3) components: community development assistance (CDA) which includes the community infrastructure sub-projects (CISPs); capacity and institutional strengthening; and project administration and quality assurance. It also focuses on income stabilization, disaster risk reduction and climate change adaptation (DRR/CCA) and partnership with local and regional governments.

The project, with 12 sites, is one of the projects funded by the Bangsamoro Normalization Trust Fund (BNTF), a new funding facility administered by the World Bank with contributions from Australia, Canada, the European Union and the United Kingdom.

BCTP is also supported by the Office of the Presidential Adviser on Peace, Reconciliation and Unity (OPAPRU) as well as the Joint Task Forces on Camps Transformation (JTFCT) both from the Philippine Government and the Moro Islamic Liberation Front (MILF).

Read 716 times Last modified on Friday, 16 May 2025 23:43
Login to post comments