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Wednesday, 26 June 2019 02:35

Financial literacy for camp communities to promote transparency in project management, sustainability

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Capacity building for self-reliance is one of the components of the Mindanao Trust Fund Reconstruction Development Project Phase II (MTFRD/2) - a program partnership signed between the Bangsamoro Development Agency (BDA) and the Community and Family Services International (CFSI).

In line with this, the BDA as the project implementing unit of the MTFRDP/2 is currently conducting Financial Management and Literacy Training, which started on June 24, 2019 at Pagana Hotel and Restaurant, Cotabato City until June 27.

The training is intended for the people’s organizations (POs) created under the project to manage the operation of the sub-projects turned over to them. There are 20 participants from each of the barangay-recipient of each camp namely Camp Omar, Badre, Rajamuda, and Abubakar.


Same activity for the POs of the barangays under the other two camps in Lanao provinces namely Camp Bushra and Bilal will also be organized on July 2-5, 2019 in Iligan City.

Purpose of the training is to educate the PO members on financial management that will help them manage the operational maintenance for them to be able to properly utilize the income of the sub projects given to them towards sustainability.

Facilitator to the activity is the finance team of the BDA headed by Julhaina Cadon with Almira Danda, Mariam Balimbingan, Nor-ayn Abdullah, Bashet Dumadalog and Abdulbasir Bukua.

Topics discussed are basic costing, budgeting, forecasting, procurement process, bookkeeping and financial reporting and among others.

Part of the session are workshops and role play to ensure understanding of the participants.

The participants were able to learn how to create a work plan and a financial plan, the procurement process, and the abilities they must have, the bookkeeping, how to record, asset management and others.

MTFRDP/2 aims to improve access of targeted communities in the conflict-affected areas in Mindanao to basic socio-economic infrastructure and alternative learning system.

This intervention is comprised of engaging the communities through a community-driven development and alternative learning system with an end in view of making those productive, participative and peaceful communities. Moreover, this is in line with the Normalization Aspect of the CAB.

MTFRDP/2 is supported by the Mindanao Trust Fund (MTF) with various donors such as the European Union, the government of Sweden, Australia, Canada, United States, New Zealand and the World Bank, which also serves as Trust Fund Administrator and Secretariat.

The Spanish Cooperation Agency for International Development (AECID) is also supporting the project.

Read 1305 times Last modified on Thursday, 23 April 2020 14:44
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