Hatch

Handling personal finances is commonly not a part of the educational curriculum in the Philippines. Most of the time, kidults (a portmanteau of kid and adult) are unable to manage their personal finances while parents often end up dependent to their children at old age. These kidults will then end up joining the workforce being financially literate. There are many young professionals "yuppies" with stable income but are unable to save; their mindset being "to earn and to spend".
 
To develop the value of financial literacy, it is important to start training the kidults at a young age. It would be more effective if students at the tertiary level will be provided with such training since in a few years or months, they will be joining the income-earning segment of society.

Together with the Citigroup Foundation, we at the Colayco Foundation for Education, Inc. (CFE) assert that all college graduating students should have the skills to take individual responsibility in taking care of their personal finances. To develop the value of financial literacy, kidults at the tertiary level should be provided a financial literacy training since in a few months or years, they will be joining the income-earning segment of society. CFE seek to improve the financial skills of these students thru this program.
 
The project HATCH: A Kidult's Guide to Managing Personal Finance is a two-hour program that will be conducted for FREE on August and November 2007. The program will focus on four aspects: 1) spending, 2) saving, 3) planning, and 4) investing, and will be implemented by CFE with close supervision from and coordination with Philippine Business for Social Progress (PBSP). The interactive CD that comes with this HATCHing kit is especially developed for kidults to further their understanding of financial independence.

Alpha Geek
def. (noun phrase) the most accomplished or skillful person in a particular field

Our alpha geek in financial literacy is Francisco J. Colayco, Ph.D.

He is an entrepreneur and a financial advisor and is the Chairman of Colayco Foundation for Education, Inc.  Other than advisory services to business and professional organizations and individuals, he takes the lead in educating the general working class, OFWs and students on how to manage their personal finances.  His advocacy is further exemplified in the books he has written.

He is also the Chairman and Founder of KsK Service & Multi-Purpose Cooperative, an investment cooperative that caters to our Overseas Filipino Workers and their families.
  
Mr. Colayco's over 40 years experience covers service contracting in the Middle East, manufacturing, trading, construction, shipbuilding, management consulting, banking and financial services.  He was conferred a Doctorate in Humanities Honoris Causa by the National University and holds degrees in AB Economics and Masters in Business Management from the Ateneo de Manila University.

HATCHing Kit

The financial lit kit package is exclusively designed to prepare and guide college students towards their individual financial journey.

This interactive CD is charged with valuable information that will surely make kidults glued to their seats. Focusing on 1) spending, 2) planning, 3) saving, and 4) investing, this material is especially crafted for kidults and even for their siblings.

It also comes with a "lyric sheet" that contains reliable facts that will help kidults understand more the concepts discussed in the HATCH program.

These HATCHing doodads are protected in a CD Case that you can bring anywhere you go.

Wanna know how you can get all of these for free?

HATCHing Ground

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News

FINANCIAL LITERACY PROGRAM FOR COLLEGE STUDENTS

A typical college student saves his allowance for certain wants: apparel, cell phone load, internet/PC gaming, and night-outs. Although the instinct to save is present, everything is set for the short term. While most of them are fast approaching the end of their collegiate years, few have a grasp of the concept of saving and the necessary skills for managing their personal finances. As professionals, most end up overspending for wants rather than needs, their mindset being “to earn and to spend”.

Managing personal finances is an important life skill, though it is not part of any curriculum in the Philippine educational system. The earlier our youth will learn about this, the better their chances are of a comfortable and secure life in 20 to 30 years.

HATCH, a program of the Colayco Foundation for Education Inc. (CFE) and supported by the Citigroup Foundation, seeks to enhance the financial literacy of the typical student and widen their eyes on the subject of why and how to save for the future. The HATCH seminars are open to all graduating students of participating Metro Manila universities within the month of August. Scheduled also are seminars in 5 Cebu universities in November.

HATCH seminars were conducted in the following schools: St. Paul's Manila University, Ateneo de Manila University, College of St. Benilde, Phlippine Women's University, Far Eastern Uiversity, University of Santo Tomas, Colegio San Juan de Letran, National University, University of the Philippines, San Beda College and Polytechnic University of the Philippines.

The next run will be this November in the following Cebu schools: UP Cebu, Southwestern University, University of Visayas, Cebu Normal University, Cebu Institute of Medicine, University of Cebu and University of San Carlos. For more details contact your Student Affairs Office.

Add Your School

Be part of the ten HATCHing grounds next year!
To register your school, call Jen Ursua at 637-3731 or 637-3741.
You can also leave her a message here

The first ten kidults who add his/her school win a book! Add your school now!

Acknowledgement

We would not be able to do the work that we do without the generous support of Philippine Business for Social Progress (PBSP) and Citigroup Foundation.

Citigroup Foundation

Citigroup's history in the Philippines dates back to 1902 when the International Banking Corporation established a branch in Manila, followed by another branch in Cebu in 1904.

Today, it is the largest foreign commercial bank in the Philippines in terms of customers, assets, revenues, employees and number of domestic branches. With a staff of over 1,600 employees, Citigroup has been consistently ranked as one of the top commercial banks in the country.

The company has been involved in various corporate giving activities since becoming a member of PBSP in the 70's, mostly in education, livelihood, community development, microcredit, culture and arts, health, and social services. It has developed innovative campaigns to raise funds in support of the needs of the communities.

Institutions like the Philippine National Red Cross housing village, Boy Scouts of the Philippines and DENR reforestation project for Ipo Dam Watershed, the Whale Watching Project in Pamilacan Island in Bohol in coordination with World Wildlife Fund, and the Philippine Eagle Conservation project.

Philippine Business for Social Progress (PBSP)

PBSP is a private and non-profit foundation dedicated to promoting business sector commitment to social development. Organized in 1970 by 50 of the country's prominent business leaders, it has since grown to become the nation's largest business-led social development foundation.

We are proud to be working in partnership with these companies. Join us in saying thank you by patronizing their business whenever possible.

Special thanks to companies that would be interested to be sponsors and whose generous financial support and donation will be a major source of support for our program. Support us now!