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7/30/2019 Financial Literacy Activity Guide for Adolescent Girls in Haiti: Facilitator's Guide (2011)- Torres
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Financial Literacy Activity Guide forAdolescent Girls in Haiti
Facilitator’s Guide
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Financial Literacy Activity Guide for
Adolescent Girls in Haiti
Facilitator’s Guide
Version 1.0
July 2011
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Facilitator’s Guide
Financial Literacy Activity Guide for Adolescent Girls in Haiti 1
About the Partners
About Making Cents International: Making Cents International (www.makingcents.com) is a small,
women-owned social enterprise based in Washington, D.C. that offers specialized technical services ineconomic growth, agriculture, and workforce development to improve the livelihoods of youth, women,
and vulnerable populations worldwide. Making Cents also builds and strengthens the youth economic
opportunities sector by creating learning opportunities and networks that result in stronger
partnerships, programs, and policies supporting young entrepreneurs. Since 1999, Making Cents has
partnered with more than 4,000 organizations in over 50 countries. Our global reach includes
programmatic work in Africa, the Americas and Caribbean, Asia, Europe, and the Middle East.
About The Haiti Adolescent Girls Network (HAGN): The Haiti Adolescent Girls Network is empowering
the most vulnerable Haitian girls, ages 10-19, in the wake of the devastating earthquake, through a
program to help girls gain access to education, health services, financial literacy, and counseling forgender-based violence and other traumas. The program is rooted in protective girl-only spaces, locally
named “Espas Pa Mwen (EPM),” and will help break the cycle of poverty and violence for an initial 1,000
girls and 80 peer mentors. The Network will reach many more girls as the EPM programs take root in
camps, earthquake affected areas and poor urban and rural communities.
About AmeriCares: AmeriCares is a nonprofit global health and disaster relief organization that delivers
medicines, medical supplies and aid to people in crisis around the world. Since it was established in
1982, AmeriCares has provided medical and emergency aid valued at more than $10 billion to 147
countries. AmeriCares specializes in the provision of medicine and medical supplies and health care
infrastructure to health care institutions and health workers responding to emergencies on the ground.Our operational approach is to fill critical resource gaps during the relief and recovery phases of a
disaster, as well as to provide ongoing aid for under-resourced health care institutions and health care
providers in over 40 countries. AmeriCares responded to the January 2010 earthquake in Haiti and
continues to be actively engaged in recovery efforts.
About Save the Children: Save the Children is the world’s leading independent organization for children.
Our mission is to inspire breakthroughs in the way the world treats children, and to achieve immediate
and lasting change in their lives. Save the Children is recognized for its capacity to mobilize communities,
reach disadvantaged children and families, and foster effective communication between stakeholders in
the areas of education, child protection, health and nutrition, livelihoods, HIV/AIDS, and emergency
humanitarian response. Supporting girls to become successful adults and mothers is central to our
mission of saving children and we have a special focus on early adolescence as a transitional opportunity
to influence the life trajectory of millions of marginalized girls. Save the Children has worked in Haiti for
30 years, generally in partnership with local Haitian government and nongovernmental entities to help
strengthen their capacity to sustain efforts in the long term.
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Facilitator’s Guide
Financial Literacy Activity Guide for Adolescent Girls in Haiti 2
About this Activity Guide: This open source activity guide provides adolescent girls 10-19 years of age
with the opportunity to reflect on their current financial practices, to put terminology and economic
meaning to what they already do and to explore alternative organization and use of resources at their
disposal. To arrive at this version of the guide, the Making Cents curriculum development team
undertook an assessment with girls in Port-au-Prince, identifying key adaptations for contextualization
to the Haitian adolescent girl audience. Activities were then either drafted or adapted for testing. The
activity guide was then tested and revised with adolescent girls in Leogane and Jacmel. It is a result of
observations made by the Making Cents curriculum development team and feedback gained from both
mentors and adolescent girls.
About the Author: Veronica Torres is the Director of Youth Economic Opportunities at Making Cents
International. She has developed financial literacy materials for young people in Asia, Africa and Latin
America. She is an experienced curriculum specialist with over 15 years’ experience bridging financial
inclusion and financial literacy of young people. She has placed emphasis on building capacity of
financial institutions to provide appropriate financial services and those of non-financial organizations to
support girls to make informed choices about financial spending and investment options. The authordraws on a number of financial literacy resources developed for young people, particularly Save the
Children’s Market-Based Decision-Making Activities Module and Microfinance Opportunities’ “Young
People, Your Future, Your Money”.
About the Testing and Review Team: Julia Smith-Brake is a financial literacy consultant for Making
Cents International with experience working with young people in Cambodia, Canada and Haiti. She co-
led the testing of the draft activities with Veronica Torres and made the significant revisions to finalize
the material in both English and French. Save the Children’s program managers – Jean-Buteau
Remarque and Serginiow Rogene - and coordinators – Emmanuelle Jerome and Chantal Auguste - in
both Jacmel and Leogane were key supporters in the testing of the material, ensuring the team couldtest the activities with mentors and girls.
Special thanks: To the girls and mentors of the Save the Children, APROSIFA and YWCA programs who
were open to trying new activities and whose feedback was invaluable to drafting and finalizing this
material. The curriculum development team is also grateful for the support from Margarett Lubin, SC
Child Protection Advisor, Lisa Laumann, SC Program Director, Gary Shaye, SC Country Director, Jessica
Nieradka and Judith Bruce of the Population Council, and Brian Hoyer and Sandra Jean-Gilles of
AmeriCares and HAGN. The development of this activity guide, including focus groups, activity testing
with girls, refinement of the guide, and making it user ready were made possible with the generoussupport of UNFPA and Save the Children Italy.
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Facilitator’s Guide
Financial Literacy Activity Guide for Adolescent Girls in Haiti 3
ContentsAbout the Partners ........................................................................................................................................ 1
Financial Literacy- Managing Cash for the Present and Future .................................................................... 4
Welcome Mentors and Group Facilitators ................................................................................................... 6
1.2 Where does my money come from and where does it go?................................................................ 8
1.3 Financial Choices ............................................................................................................................... 11
1.4 Needs and Wants .............................................................................................................................. 13
1.5 Developing a Basic Budget ................................................................................................................ 17
1.6 Saving and Borrowing in the Community ......................................................................................... 23
1.7 Saving and Borrowing at a Financial Institution ............................................................................... 271.8 Planning for an Emergency ............................................................................................................... 30
1.9 Developing a Financial Diary ............................................................................................................. 32
References .............................................................................................................................................. 33
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Financial Literacy Activity Guide for Adolescent Girls in Haiti 4
Financial Literacy- Managing Cash for the Present and FutureMoney passes through the hands of girls in Haiti on a daily basis. This may come from parents, from a
part time activity or from older brothers and sisters. This can be very little money but knowing how to
spend it is crucial for girls, especially those who find themselves in precarious earning situations. Girls
also put money away, often in small purses they keep with them or use informal services like the Sol, a
type of group savings and support mechanism in schools.
There are nine activities in this session including:
Activity # Activity Name What to Prepare Before Workshops
1.1 Welcome and Ice Breaker Bring following materials:
Soft ball
Notebooks and pens
Markers
Flip chart paper1.2 Where Does My Money Come From
and Where Does It Go?
Bring following materials:
Soft ball
Markers
Flip chart paper
Chips or beans (counting items)
Sticky notes
1.3 Financial Choices Bring following materials:
Copy of Berline’s Story
Markers
Flip chart paper
Paper
1.4 Needs and Wants Bring following materials:
Paper
Pencils
Flip chart paper
Markers
Sticky notes
Recreate chart of Berline’s Needs and Wants
on flipchart paper (Chart 1)
1.5 Developing a Basic Budget Bring following materials:
Paper
Pencils
Flip chart paper
Markers
Calculators
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Financial Literacy Activity Guide for Adolescent Girls in Haiti 5
Recreate chart for girls to fill in Berline’s
Income and Expenses (Chart 2)
Recreate Berline’s sample budget on flipchart
paper (Chart 3)
1.6 Saving and Borrowing in the
Community
Bring following materials:
Paper
Pencils
Flip chart paper
Markers
Sticky notes
Scenario cards
Recreate both Benefits/Draw Backs charts on
flipchart paper (Charts 4 & 5)
1.7 Saving and Borrowing at a Financial
Institution
Bring following materials:
Paper
Pencils
Flip chart paper
Markers
Sticky notes
Make two signs on paper: one that says
Strongly Agree and the other, Strongly
Disagree
1.8 Planning for an Emergency Bring following materials:
Paper
Pencils
Flip chart paper
Markers
Stickers
1.9 Developing a Financial Diary Bring following materials:
Paper
Pencils
Flip chart paper
Markers
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Financial Literacy Activity Guide for Adolescent Girls in Haiti 6
Welcome Mentors and Group Facilitators
If this Financial Activities Guide is in your hands you are invited to work with groups of girls ondeveloping their skills and knowledge to better manage their money and identify ways of doing so. As a
way of helping you to succeed in using this guide, we have some suggestions about what we found
works well with girls.
Develop Girls’ Positive Sense of Self : We have found that girls are generally shy when they begin a
group activity yet eager to learn something new and engage with other girls in the group. They seek
acknowledgement and feedback from the mentor or facilitator. Ways of supporting girls to participate
more freely include using eye contact, using girls’ names, thanking girls for their ideas and responses. It
is important to let girls try ideas and ways of doing things without falling in the temptation of saying
something is “wrong”. Rather, invite girls to try something again and coach them individually on a
difficult or challenging task. Also, when girls provide a response you should avoid laughing at the
response or interrupting the girl who is responding.
Create Space for Exchange: Girls wish to hear each other’s voices and ideas. In order for this to
happen, girls can be invited to sit in a circle on the ground (a carp can be put on the floor) and the
mentor/facilitator sit with them. Girls can then see each other and are not just facing the
mentor/facilitator as if they were in a classroom. A mentor/facilitator can also build on the response of
one girl by asking “Does someone else have another idea?” Allow girls to brainstorm, express
themselves and help each other out.
Foster a Safe Space for Dialogue: While girls wish to share ideas, they should be able to do so freely.
Observation and listening by community members and parents can inhibit girls’ participation. It will be
important for you to negotiate this with adults before starting group activities. Let them know that girls
will do better if they have their own space to do this.
Address Different Skills and Abilities: You will find that some girls will be able to read and write while
others will face more difficulty with letters and numbers. In order to help girls who find reading and
math a challenge, you may be able to pair them with girls who can read and write or take more time
with these girls individually.
Learn to Feel Comfortable with Not Knowing: Most of you are giving of your time to support girls
groups since you want the situation of girls to improve whether they are in a camp or living in your
community. You may also be learning about budgeting and financial services. This is nothing to be
embarrassed about. You have an opportunity to learn with the girls and maybe from them.
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Financial Literacy Activity Guide for Adolescent Girls in Haiti 7
1.1 Welcome and Ice-Breaker
1. Invite the participants to form a circle and have a soft ball and notebooks in hand for the activity.
2. Say to participants:
∆ Welcome to our activity today! It is great to have all of you here to participate in story sharing,
games and activities with friends. During our time together we will explore sources of money
for girls like you, how girls can prioritize use of money, and how money can be saved and
borrowed. We will explore planning for emergencies and tracking our money. In order for us to
work well together we will have some materials to help us, including a notebook and a pencil.
This is a notebook in which you will help track learning and what happens with money you may
have. It is your own personal diary to use during key learning activities. Always bring your
notebook with you to these sessions so you can write in it. I am going to introduce this soft ball
which can be used to helps us get to know each other.
3. Say to participants:
∆ We are going to play a game to get to know each other with this soft ball. I am going to throw
the ball to someone and each person will introduce themselves and share a favorite fruit or
food. I will go first.
4. Say to participants:
∆ Now that we know each other, we are going to sit together to do the next activity.
Mentor’s Box
Activity # 1.1Activity Name Welcome and Introductions
Achievement based
objectives
Participants are familiar with the purpose of the session
Participants introduce themselves.
Time required 25 minutes
Materials Soft ball
Notebooks and pens
Markers
Flip chart paper
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Financial Literacy Activity Guide for Adolescent Girls in Haiti 8
1.2 Where does my money come from and where does it go?
1. Say to the participants:
Δ Let’s form a circle together.
Sit with the girls around a sheet of flip chart paper placed on the floor.
2. Say:
Δ I invite a volunteer to draw a typical girl, your age, from your community in the middle of the
paper. One person will draw the girl and others can add decorations.
Note: Be patient, it may take a while for someone to volunteer to do the drawing. This is not a test,
so it is important the group feel at ease about the drawing and that they all feel they can contribute
to decorating the drawing.
3. Say to the participants:
∆ This is a young girl, who is in the same age range (between 10 and 15 years of age) as you and
living in your community. This young person has some money. Where does this money come
from?
4. Invite girls to use one color of sticky notes to write down their responses. Say:
Δ Please put one response per sticky note. If you know of more than one place where this girl
could get her money from, use more than one sticky note.
Mentor’s Box
Activity # 1.2
Activity Name Where does my money come from and where does it go?Achievement based
objectives
Participants are introduced to concept of cash flow
Participants practice concept of cash flow
Time required 60 minutes
Materials Soft ball
Notebook
Markers
Flip chart paper
Chips or bean counting items
This activity provides girls with an opportunity to surface sources of money for girls as well as the use of
this money. It is the first step in enabling girls to discuss use of resources, even if limited, available to
them.
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Financial Literacy Activity Guide for Adolescent Girls in Haiti 9
Place their sticky notes to the left of the drawing. Once you have 8-12 different sources of money
you can thank the group for their answers. Invite group
members to help you group same source of money sticky
notes if need be. Make sure you do not group things
together for the sake of grouping. Ensure what is written
on the cards is clear and if not do ask young people for
clarification.
5. Probe for examples and explanations by using "how", "tell
me more about that", "please give me an example so I can
understand more", "what would other young people say
about that?"
6. Say to participants:
∆ Now that we know where young people like you, from your community, obtain money, tell uswhere does the money go?
7. Invite girls to write these down on sticky notes (different to the color used for sources). Say:
Δ Please put one response per sticky note. If you have more than one idea of where this girl’s
money could go, use more than one sticky note.
Place their cards to the right of the drawing. Once you have 8-12 different sources of money you can
thank the group for their answers. Invite group members to help you group same use of money
cards if need be. Make sure you do not group things together for the sake of grouping. Ensure what
is written on the cards is clear and if not do ask girls for clarification.
8. Probe for examples and explanations by using "how", "tell me more about that", "please give me an
example so I can understand more", "what would other girls say about that?" For example, if
someone says "put money away", ask them to give examples of where they put money away. Do not
group all "ways to put money away” or “savings” together as the differentiation is important for
further discussion on preferences or priorities.
Where Money Comes From Where Money Goes
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9. Ask participants:
Δ Do girls always spend all the money they have? If they don’t spend it, where can it go?
Note: We usually assume girls don't have money left over or that girls don't save, but we do find
that some girls can save so this step helps surface this.
10. Say to participants:
Δ If girls had very little money, what would they choose to spend it on first? I will give you
some beads and you will place one bead on the first choice, 2 beads on the second choice, 3
beads of the third choice, 4 beads on the fourth choice, and 5 beads on the fifth choice. But
before I give you the beads, you have to all agree as a group where to place the beads.
There are only enough beads for five choices made by the group. This is a group decision.
11. Say to participants:
Δ We have now completed an exercise to understand where money comes from and where
money goes for a typical girl in your community. In the notebooks you have, I invite you to
do this exercise for yourselves. On one page of the notebook, list how you get money during
one week. In the following page, write down where the money goes for you in one week.
Take 15 minutes to do this.
12. Ask girls the following question:
Δ Is there anything on your lists that is different from the lists we made for the girl in the
drawing?
13. Say to participants:
Δ We are now going to the next activity which has a story of a girl who needs to decide how to
spend her money.
Summary – Say to girls:
Δ We’ll soon see why it is important to understand where our money comes from and where
it goes.
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1.3 Financial Choices
1. Invite the participants to form a circle to listen to the story of “Berline.”
2. Read the story of Berline below:
Berline’s Story
Berline is a young woman who is 14 years old and lives in Port-au-Prince. She goes to school and works
part-time with her mother after school and on weekends. For her contribution she receives about 10
Gourde a week. She already had 60 Gourde from this. She has good friends at school and wants to lookgood. She likes to get her hair done and buy cosmetics. Getting a permanent would cost her about 50
Gourde. Her friends told her she should try to get a phone so they can call her. A phone would cost
1,000 Gourde and a card for the phone about 5 Gourdes.
One day her mother let her know that she would have to buy her own sandals once the others break.
This was a surprise to Berline as she did not have the 300 gourdes needed to buy the sandals and there
were other expenses she had. She hoped her sandals would last another year.
Berline had joined a Sol at school and had saved a total of 100 gourde so far. She put in 5 Gourde a
week into the group savings. Her turn to receive the savings from the group was going to happen in 6
months. She also had to take care of her grandmother and buy medicine for her every month for 20
Gourdes. Every month, Berline’s sister Helene sent her 200 Gourde. She had 200 gourde from her
sister.
Mentor’s Box
Activity # 1.3
Activity Name Financial Choices
Achievement based
objectives
Participants are introduced to concept of financial choices
Time required 30 minutes
Materials Copy of Berline’s Story
Markers
Flip chart paper
Paper
This activity introduces girls to the story of Berline, a young girl who needs to make decisions about
ways of spending the little cash she has. Choices about expenses are very real for girls.
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3. Ask participants:
Δ What did you think of the story?
Δ What do you think of what happened to Berline?
Δ What do you think are some of the challenges she faces?
Note down responses on a flip chart and acknowledge girls’ responses and observation.
Some possible answers include:
Berline’s mother expects too much of her
Berline has a lot of expenses and not enough income to cover all her expenses
Berline is good to save
Berline may become a thief or do bad things to get more money to cover her expenses
4. Invite the participants to form groups of 3 girls.
5. Say to participants:
Δ Each group needs to come up with a piece of advice for Berline. What would you suggest
she do? Each group can draw the suggestion made.
6. Give the groups 10 minutes to draw their ideas.
7. Say to the group:
Δ Could one or two girls share their group’s ideas with everyone?
Summary – Say to participants:
Δ Financial decisions are not easy and especially when decisions involve friends or family.
However, we can be better prepared to make these decisions when we have planning
options for our money.
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1.4 Needs and Wants
1. Invite girls to recall Berline’s story. Say:
Δ Let’s list all the places Berline’s money could go.
As the girls recall the items from the story, write each one down on a sticky note.
2. Say to participants:
Δ Let’s help Berline determine what expenses she must make and which items she can wait to
purchase. Those expenses she must make we will call “Needs” and those she decides towait to make are “Wants”.
Mentor’s Box
Activity # 1.4
Activity Name Needs and Wants
Achievement based
objectives
Participants are introduced to concept of prioritizing expenses
Participants practice determining needs and wants in expenses
Time required 45 minutes
Materials Paper
Pencils
Flip chart paper
Markers
Sticky notes
Flip chart version of Needs and Wants chart prepared ahead of time Sample version of Needs and Wants chart on regular paper
This activity can help girls explore how they decide to buy things and think about whether something is
a “must” purchase or not. Personal items linked to personal presentation are sometimes a “must” but
how often or how many may be hard choices. At the same time girls need to cover regular personal
costs or have money on hand for such things as medicine or going to the hospital which they
themselves note are important. This activity can be used to help girls reflect on must have expenses
(Needs) and those that can be postponed (Wants). In some cases what may appear to us to be wants
may be needs for girls so we need to be aware of this and not judge the way that girls identify their
needs and wants but rather guide their prioritization and planning skills.
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3. Place the flip chart version of the “Needs” and “Wants” sheet on a wall or on the ground.
Chart 1. Berline's Needs and Wants
Berline’s Must Have Expenses
Amount Things that BerlineCan Buy Later
Amount
4. Hand all the sticky notes to the girls and invite them to decide together which column to place each
item in. Invite girls to decide together which items to place in each side. Give the group 15 minutes
to do the exercise.
5. Ask girls:
Δ How did you decide to put items where you placed them?
Δ
Were there disagreements in the group about where items were placed? How did you cometo a consensus on those items?
6. Say to girls:
Δ Now we are going to make our own list of expenses. Write down in your notebooks a list of
all your wants and needs in a month.
Invite girls to make a list of their typical expenses in a month. Give them 10 minutes for this and
support them individually as they think through these.
7. Show girls the sample chart of Needs and Wants at the end of this module and say:
Δ Now we are going to divide our expenses between wants and needs. Please recreate this
chart in your notebooks. Take all the expenses from the list you just made and place each
item in one of the columns of the chart.
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Invite girls to create a “Needs and Wants” chart in their notebooks and identify which of their listed
expenses would go into the Needs column and into the Wants column. This should take no more
than 20 minutes.
8. Ask girls:
Δ Was there anything you had a hard time deciding whether it was a need or a want?
Δ How could this chart help you on an ongoing basis?
Δ How would you explain this chart to other members of your family?
Summary – Say to girls:
Δ It is normal for financial decisions to be challenging. Take some time to reflect on your lists
of needs and wants since they will help make better decisions later on.
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Sample Needs and Wants Chart
MY NEEDS AND WANTS
What I need to buy Amount What I can buy later Amount
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1.5 Developing a Basic Budget
1. Invite girls to list sources of money for Berline along with amounts on one half of a flipchart paper.
Say:
Δ Let’s make a list of where Berline’s money comes from and the amounts she receives. Then
we will calculate how much Berline has in total.
The list should be similar to this:
Money Berlin Has
- Sister: 200 Gourde per
month
- Work with mother: 10
gourde per week and she
has 60 total
- Savings: 100 Gourde
TOTAL = 360 Gourdes
Mentor’s Box
Activity # 1.5
Activity Name Developing a Basic Budget
Achievement based
objectives
Participants are introduced to concept of budgeting
Participants practice using a budget
Time required 30 minutes
Materials Paper
Pencils
Flip chart paper
Markers
Calculators
Flip chart version of a budget prepared ahead of time
Planning expenses is not easy. This can be facilitated by a simple tool called a budget. Developing aweekly budget will help young people understand that day to day decisions have longer term results.
Reactive decision-making can turn to proactive and planned use of resources with the use of a budget.
This activity builds on Activity 1.3: Identifying Needs and Wants and bases the budget work on the story
of Berline.
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2. Invite girls to list all expenses or savings items possible in a month for Berline on the other half of
flipchart paper. Say:
Δ Now let’s make a list of where Berline’s money could be spent or saved in a month.
The flipchart should look like this:
Money Berlin Has Potential Uses of Money
- Sister: 200 Gourdes per
month
- Work with mother: 10
gourdes per week and she
has 60 total
- Savings: 100 Gourdes
TOTAL = 360 Gourdes
- Getting hair done: 50
gourdes
- Buying a phone: 1,000
Gourde
- Phone card: 5 gourdes for
a month
- Sandals: 200 gourdes
- Grandmother’s medicine:
20 gourdes every month
- Savings: 5 gourdes per
week
Say:
Δ This activity will help Berline organize the money that Berline has and how she spends it.
3. Say to participants:
Δ Please form pairs to do the following exercise of organizing Berline’s wants and needs as
well as the amount of money she receives. Please recreate this chart of the piece of paper
you receive.
This should take 10 minutes.
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Chart 2. Berline's Income and Expenses
Money Berline Has 360
Needs/Wants She Could Spend on
-
-
-
-
-
-
4. Say:
Δ In your pairs decide on which of these items Berline will spend her money based on the
amount she has.
This should take 5 minutes. Invite one or two pairs to share their decisions.
5. Say to girls:
Δ Berline’s money spending decisions are called a budget.
6. Have the sample budget chart ready and show it to the girls. Say:
Δ This is an example of Berline’s budget. We call the money she receives Income and what she
spends, Expenses. The Income minus the Expenses is the remaining money.
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8. Invite girls to create their own weekly budgets based on their income and expenses during one week.
Show them the blank budget attached at the end of this module and say:
Δ Now we are going to create our own budgets. Recreate this chart in your notebooks and fill
it in with your own income and expenses. Remember to do this for yourself now and later
we will think about including family income and expenses. Remember that the amounts you
write down for income and expenses do not have to be equal.
This should take 20 minutes. Girls may need coaching on breaking down income and expenses to a one
week period. For some girls they may prefer to do a monthly budget.
9. Offer to help girls calculate their budgets with calculators.
10. Say:
Δ I invite two girls to share their budgets.
If any of the girls’ budgets have higher amounts for expenses that income, ask:
Δ What should you do if your expenses exceed your income?
Δ Would you change anything in your budget to change your income or expenses? What
would you change?
Δ How would you add income to meet your
expenses?
Some answers may include:
My parents could cover some of my
expenses
I could make a list of needs and wants andspend only on needs for now
Save in Sol to make a wanted purchase
later
Could ask other relatives for some money
11. Ask girls to take a blank sheet of paper home and work
with their parents to do a weekly budget for their households. Ask the girls:
Δ How would you explain this exercise to your family?
Summary – Say to participants:
Δ Having a weekly budget will help organize your income and expenses and track your decisions
on use of income. Many adults are often not able to do these calculations, resulting in poorly
made decisions. Being able to control use of money can lead to improving one’s savings and
understanding of different costs.
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Blank Budget
MY BUDGET
My name: __________________________________________________________________________
Budget Amounts
Income
Expenses:
-
-
-
-
-
-
-
-
-
-
Total Expenses
Income – Expenses =
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1.6 Saving and Borrowing in the Community
1. Invite two groups of 2-3 volunteers to perform a role play together.
2. Provide each group with a scenario card which she reads or is read to her. The scenario cards are
indicated below:
3. Indicate to the two volunteer groups that each one will have a turn with the role play. Say:
Mentor’s Box
Activity # 1.6Activity Name Saving and Borrowing in the Community
Achievement based
objectives
Participants surface experiences with informal financial services in their
communities
Participants distinguish the purpose, advantages and disadvantages of
these practices
Time required 45 minutes
Materials Paper
Pencils
Flip chart paper
Markers
Sticky notes
Scenario cards
Girls are often familiar with informal financial services that exist in their communities. It is important to
explore what makes these viable or challenging for girls. Informal financial services are services and
methods to manage money that exist in the community, and not necessarily a bank. For example,
borrowing from a money lender, or saving money in a box or under a mattress.
Helene lives in a Haitian community
with her aunt and sister. Certain
times of the year she receives some
cash from an older sister living in the
Santo Domingo.
Act out the ways that Helene keeps
this cash in the community.
Natalie lives in a Haitian community
with her two young children. At
different times of the year she needs
to borrow money to cover cash
needs.
Act out the ways that Natalie
borrows money.
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Some Ways Girls Keep Money in the
Community
-In a box at home
-In a pocket in clothes
-In a hole in the ground
-With older family member
-In a merry go round
Some Ways Girls Borrow Money in
the Community
-Borrow from a friend
-Borrow from a family member
-In an asset such as livestock, land
-From a money lender
-Borrow from family they work for
Δ What would you do if you were in this scenario? One of you in Helene in the saving scenario and
one of you in Natalie in the borrowing scenario.
4. Invite the young woman playing Helene to go first and let her and the group know that other girls can
help her by suggesting ways Helene can keep the cash in the community.
5. Ask girls to share the ideas they came up with for Helene to keep cash in the community. Write each
idea down on a sticky note to insert in the chart for the next exercise. If girls are quiet for a long time
and have not shared any ideas, then take one of the suggested ways from the box and say:
"Can Helene keep her money in a box at home? Is this possible in your community? What are other
ways for Helene to keep money in the community?"
6. Invite the girl playing Natalie to do her role play and let her and the group know that other girls can
help her by suggesting ways Natalie can borrow cash in her community.
7. Ask girls to share the ideas they came up with about ways to borrow cash in the community. Write
each idea down on a sticky note to insert in the chart for the next exercise. If girls are quiet for a long
time and have not shared any ideas, then take one of the suggested ways from the box and say:
"Can Natalie borrow money from a friend? Is this possible in your community? What are other ways for
Natalie to borrow money in the community?"
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8. Take the two flip charts prepared like the charts below. Insert the savings sticky notes on one chart
and the borrowing sticky notes on the other charts.
Chart 5. Saving in the Community Benefits/Challenges
Ways to Put Money Awayin the Community
Benefits Possible Challenges
Chart 5. Borrowing in the Community Benefits/Challenges
Ways to Borrow Money in
the Community
Benefits Drawbacks
9. Give each of the girls with marker and let them as a group brainstorm and write down the advantages
and disadvantages into the charts. When they are done, and have given all possible responses, ask:
Δ Which of these options is the safest?
Δ Which one is the closest?
Δ Which one can be easiest to access cash?
See sample charts at the end of the module for examples of answers for each chart.
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Summary – Say to participants:
Δ When thinking about where to place money, one needs to think about how safe it will be, what
distance it will be from one's home and how easy it will be to access or turn into cash. These
informal ways to put money away or ways to save as well as ways to borrow money are
important to be aware of.
Sample Advantages/Disadvantages Charts
Ways to Put Money Away
in the Community
Benefits Possible Challenges
- In a box at home Close by, no intermediary
person
At-risk of theft, more
tempting to spend
- Under the bed Close by, secret Could be eaten by mice
- In a cupboard Safe from flooding Tempting to spend
Ways to Borrow Money in
the Community
Benefits Possible Challenges
- A friend Knows you and trusts you Could lose the friend if
cannot pay him/her back
- A money lender Readily accessible Charges high interest rate
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1.7 Saving and Borrowing at a Financial Institution
1. Say to the girls:
Δ Sometimes, a certain group of people or a type of institution develops a reputation, something
that is widely believed to be true even though it is not. For example, many people believe that
everyone in the United States is rich. Actually, we know this is not true, it is a myth, not a fact.
Now, let’s look at myths and facts related to banks.
2. Tell participants that there is an imaginary line across the room and ask them to stand anywhere
along it. Designate one end of the line as the Strongly Agree end, and the other end as the Strongly
Disagree end. Mark each end with a sign to remind participants which end is which.
3. Explain to girls:
Δ I will read a statement and each of you will decide if you agree or disagree with it, and move to
the place on the imaginary line that best represents your position. If you strongly disagree, you
will move all the way to this end.
4. Point to the end marked Strongly Disagree and say:
Δ But if you only disagree slightly with the statement, you might choose to stand closer to the
middle. If you strongly agree, you will stand at the opposite end.
Mentor’s Box
Activity # 1.7
Activity Name Saving and Borrowing at a Financial Institution
Achievement based
objectives
Participants surface perceptions of formal financial services
Participants develop questions to ask at a formal financial institution
Time required 45 minutes
Materials Paper
Pencils
Flip chart paper
Markers
Sticky notes
Two signs for Agree/Disagree exercise
For girls living in very poor communities, formal financial services may appear very distant andinaccessible. Some of the actual terms and conditions of formal banks may make this true. However,
girls should have the opportunity to test their perceptions and make a visit to a formal financial
institution.
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5. Point to the end marked Strongly Agree. Then say:
Δ Let’s practice with 2 statements:
o Boys who show their emotions are weak
o Women who have professional jobs such as teachers or doctors are not good mothers
6. Explain that now they will do the same thing but with statements related to banks.
7. Read each of the statements below allowing time for participants to move along the imaginary
agree/disagree line. After each of the statements, ask a few volunteers to explain their positions,
allowing 1 –2 minutes for the discussion.
Δ You must be rich to use a bank [Myth: Even though many banks do require a minimum amount
of money to open an account, it is often possible for people who do not have a lot of money to
open an account and benefit from banking services.]
Δ Banks are a safe place to keep your money [True: Banks are often the most secure place to keep
money. Many have secure premises and insurance to cover losses due to robbery.]
Δ Going to the bank to deposit or withdraw money takes a lot of time [True—Sometimes: The
queues inside banks can be very long.]
Δ Banks lend you money so they can take your TV when you fail to pay [Myth: Banks do make
loans and sometimes the borrower may offer something of value to guarantee the loan in the
case that he is unable to repay. But banks do not want the hassle of taking their clients’ valuable
things. They much prefer that their clients repay their loans.]
Δ If a bank is robbed, you will lose your money [Myth: Banks usually have insurance to cover
losses of this kind.]
8. After participants move to each statement, ask 1 or 2 volunteers to explain their moves. Clarify which
statements are myths and which are true.
9. Say to girls:
Δ Even though we can correct some of the common myths about banks, we still need to gather
information about their specific products and services to know more about how a bank works.
10. Ask girls to form 4 groups of three and say:
Δ Some of you may not be ready for a bank account. You might not be old enough to have one or
you may not have enough money now to need one. But as you get older and start earning your
own income, you may find that a bank account can help you to reach your long-term goals and
to keep your money safe. So far, we have talked about how banks work in a very general way. In
reality, each bank has its own policies, and it will be important for you to find out what these are
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1.8 Planning for an Emergency
1. Ask the girls:
Δ What kinds of emergencies do families in your community encounter?
Write them down on the flip chart. Be sure to write down all of the examples provided. If the girls
only offer a certain type of emergency (e.g. human emergencies, such as sickness or an accident) ask
them to think of other types of emergencies, such as incidents related to their house, their property,their animals, etc.
2. Say to girls:
Δ I will give each of you three stickers and you will each get to choose three emergencies that you
think are the most important.
If there is a tie between two items for third place, ask for a consensus between these two items.
3. Ask girls to break into three groups. Assign one of the three most important emergencies to each
group and each group will discuss each of the following questions for their assigned emergencies:
Δ What are the costs associated with this emergency? What are all the things a family would have
to spend money on in this emergency?
Δ What sources of funds do these families turn to when these emergencies happen?
Δ How long can it take a family to repay money used for an emergency when they borrow the
money?
Mentor’s Box
Activity # 1.8
Activity Name Planning for an Emergency
Achievement based
objectives
Participants list emergencies families in their communities usually face
Participants determine costs associated with these emergencies
Participants articulate plans for dealing with emergencies
Time required 60 minutes
Materials Paper
Pencils
Flip chart paper
Markers
Stickers (can use beads instead of stickers)
Often an emergency results in the need for a family to delve into whatever savings they have or to
borrow from elsewhere to pay for the costs. This could be a medical emergency, drought or loss of a
family member.
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4. Invite girls to share responses from their small group work. Ask girls:
Δ What happens to young people and their families when they are not prepared for
emergencies?
5. Ask girls:
Δ What kinds of plans could you help your families put in place in order to avoid surprise costs
as a result of emergencies?
6. Say:
Δ Each group will come up with a plan for how to deal with your emergency. Then each group
will present a short role play to show us their plan.
Summary – Say to girls:
Δ An emergency cannot be avoided. They happen and often they are costly. Not only are
young people and their families having to face emotional distress but also dealing with the
costs of the emergency. Developing plans to address the costs associated with possible
emergencies can help a family recover more quickly. Young people can play a role in helping
develop a financial plan.
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1.9 Developing a Financial Diary
11. Invite girls to listen to the story of Nadia's Diary and read the story below to the group.
Nadias’ Diary
Nadia was 12 years old and she lived in a camp in Port au Prince. She was a very resilient girl who had to
deal with the daily challenges of continuing her learning and staying safe. She wanted to be able to
confide what happened to her each day with her older sister who now lived outside Port au Prince. Her
sister was working and sometimes she received some money from her and sometimes from her mother.
One day, as Nadia was walking to her friend's tent, she was approached by a large man she did not
recognize. The man told her that he knew she had money and that she needed to hand it over to her or
he would hurt her. Nadia was afraid and gave the man the money and ran.
Once home, Nadia wanted to share her feelings and ideas so she began to draw pictures of what had
happened. She also remembered her mother telling her to think of ways of staying safe and keeping her
valuables safe. Her drawings showed her keeping her money at home in a safe place and taking it to
school so she could join a Sol and that way she would not have money at home or with her.
Nadia realized that she could share ideas about her goals and aspirations in her diary and when she read
it she remembered her good ideas and that she could be very creative.
2. Invite girls to think about the story and ask them:
Δ What did you like about the story?
Δ What helped Nadia share her feelings and actions?
Mentor’s Box
Activity # 1.9
Activity Name Developing a Financial Diary
Achievement based
objectives
Participants surface perceptions of formal financial services
Participants develop questions to ask at a formal financial institution
Time required 30 minutes
Materials Paper
Pencils
Flip chart paper
Markers
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3. Ask the girls:
Δ How can a diary help you track what you do with money?
Write down their responses on a flip chart paper. Some ideas they may share are: see where
money is going, keep information about places one can keep money, keep information about what
some things cost.
4. Tell girls they can use their notebooks as their first financial diaries and invite girls to write down their
first entry into the diary.
5. Invite one or two girls to share what they wrote down.
Summary – Say to girls:
Δ Your experiences are very important to share and your opinions are important to express. Your
financial diaries can also help you find positive ways to spend their money and keep it safe.
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References
Veronica Torres, Naile Salima and Luwiza Soko, Market-Based Decision-Making Activity Book for
Adolescent Girls, Save the Children, Malawi, 2008.
Microfinance Opportunities and Freedom from Hunger, Young People: Your Future, Your
Money, the author, 2008.