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.