Until November 2016 we offered entrepreneurship training at Glorious High School. In 2017 though we thought it is important to involve girls freshly from high school because of practicality of thr program. We have since renamed the program to the Dada Cash Movement.
The entrepreneurship program Has Been adopted by BGK for a number of years. The essence of this program is to give the girls economic and financial empowerment. The last 3 months of the program has been conducted without having a clear proceedings and activity plan but with time though, the program is getting momentum and we are hopeful that it will be of impact to our girls. In my proposal, I will illustrate form in which I believe the program will not only benefit the girls, but the entire organization at large.
With the current involvement of the form 4 leavers with life skills and boxing, the practicality of them opening businesses by the end of the year will be difficult. Therefore, this program would like to concentrate more on the basic concept of saving. Therefore the program will be the Dada Cash Movement.
The idea is to teach financial freedom to the girls as well as proper financial management. Throughout the year, we will be having 2 training sessions per month. The following will be our major concentration topics to work on:
Banking and Saving
Budgeting
Health Insurance(NHIF)
Financial goals
Emotional connection with finances
Psychological connection with finances
Separating wants and needs
Financial flexibility
Every month we will be having 2 sessions. One session will concentrate on the theoretical aspect of the topics listed above, while the other session will be a practical session where the girls will be responsible of coming up with an activity that will be relevant to the subject matter.
Since our core idea is to encourage the girls to cultivate a culture of saving as much money as they can every day, an incentive for the highest saver will be granted at the end of the year. This will encourage future participation of more girls in the movement.
Based on the concept shared above, before the end of the year, the girls will have received a financial mentorship. In return, the girls will be expected to pass on the mentorship to other girls who will join the movement come 2018. Each girl will be responsible for mentoring 1 or 2 girls for the entire year of 2018. Therefore, we want to create a financial mentorship chain over the coming years, hence the reason for calling it a movement.
Since our girls are form 4 leavers fresh from high school, we want to create a platform for them to feel free to speak of some of the new challenges they are facing as they live their late teenage life and approach their early adulthood life. Therefore, every month we shall dedicate 15 minutes of our theory session to emotional and psychological well being at the beginning of the session. As we seek to get the the girls financially empowered, we must talk about some of the emotional and psychological aspects of their lives that may be coming in the way of their financial freedom.
Each of the girls should have opened a savings account by the end of the year and should be having at least 7000ksh saved in that account.
Each of the girls should have met their specific financial goals of the year.
They should all know how to budget and have monthly budgets that befits their monthly earnings.
Each girl should have a NHIF payment plan for her family ie (they should encourage their parents on the benefits of this insurance plan).
Each girl should have known how to tackle some the psychological and emotional issues that may hinder them from reaching their financial potential.
This proposal is brief and precise for starters. We hope to incorporate other great ideas with time to ensure effectiveness of the program for the girls. Our goal is to impact the girls greatly in such way that they will encourage more girls to join in the program. Hopefully, we want to reach to 15 more girls in 2018.
Girls Leading