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Monday, July 28, 2008

YOUTH SAVINGS PROGRAM

I enjoyed it today with the youths in my place. I introduced a savings program for them with my sons as members, too.  The savings will be done weekly, out of their daily allowance, with a very meager amount. After six months of depositing the weekly savings, the officers after having decided on the mechanics on how to loan the money to its own members, the total deposited money will earn interest. Loans incurred will earn at least 2% interest.  Proceeds from the interests will be divided to all members as dividends at the year end. They may opt to deposit their dividend as additional to exisiting deposit to earn bigger dividend in the succeeding years.  

I hope this will succeed. I only wanted to inculcate upon the youths the value of saving and building a good financial character.    

2 comments:

JeFf & NoVa said...

hi te meldz, apil ko aning imong youth savings program beh, total akong height pang youth pa man ghapon.. kiat jud ko noh..

uy...that's great, sige lang kaysa ikaw bayad ug 35 thousand for registration diba? tapos nice pud na kay inig apply nimo puhon tourist or other visa for US they know nga makasaligan ka, kay ningbalik jud kag pinas. hahahaha..thats a good entry dear...

naghisgot akong bana nga muadto daw mi NY city karong fall, so murag start ilang fall diri by september ata. hopefully nga october karong tuiga.. wala pa jud mafix ang tanan kay kaning mag-agad lagi ta, saon may mga work man sila diba? naa pud akong parente dito hopefully nga magkitakits mi uy...

damo man laki sa malaysia sis, kay open city pud daw na diha, mostly british..wow nlng english accent na ta ani puhon eh... aw, makakita jud ka ug maningkamot when you have the chance diba? i mean, pang-ila2x gud di bitaw ka katagdidto, tapos isa pa its okay ra man kay liberated man pud mga guys so waz ra lain pud...

hopefully madayon pud ka puhon uy.. aron malipay pud ta.. sosyal ra jud kay laing nasud pa jud magkita.. ana ka high atong mga beauty diba? hehehehe....

The New Mom on the Blog said...

Oh girl, if you are determined to make it, you WILL! Best of Luck!