FISH Visayas Project Fortifies Financial Literacy & Management Skills of Fisherfolks in Bantayan

TRAINING FOR FISHERFOLKS AND MSME

FISH VISAYAS PROJECT FORTIFIES FINANCIAL & MANAGEMENT SKILLS OF FISHERFOLKS IN BANTAYAN

By Mary Ruth Ochavillo. Posted on OCTOBER 10, 2023.

Bantayan, Cebu – On August 30, 2023, twenty-four (24) fishers from partner people’s organizations in Bantayan completed the Fish N’ Learn Financial Literacy and Management Training. The intensive two-day training, facilitated by the DA-Bureau of Fisheries and Aquatic Resources (BFAR), aimed at inculcating fishers with basic personal finance management skills. This includes saving, budgeting, managing debt, knowledge of basic financial services, protection from potential scams, and the rights and responsibilities of financial consumers.

Through a fun and interactive game, the training program simulates real-life events that influence the financial behavior of fishermen and their families, to empower the agri-fisheries sector and reinforce positive money habits and values among fisherfolk. Embedded in the game are key messages on financial literacy and marine conservation, summarized into five points: (1) Nurture oceans and aquatic resources (Maging mapagkalinga sa karagatan); (2) Save for the future (Mag-impok ngayon para sa kinabukasan); (3) Expand income sources by putting up a business (Magpalago ng kita sa pamamagitan ng pagne-negosyo); (4) Get insurance for protection (Mag-seguro para protektado); and (5) Use debt wisely (Maging matalino sa pag-utang).

The “Fish N’ Learn” program, developed under the Bangko Sentral ng Pilipinas’ (BSP) Financial Education (FinEd) Program for Fisherfolk, was created in partnership with DA-BFAR, USAID – Fish Right Program, and BDO Foundation. The training program successfully engaged members of the partner people’s organizations of Luyongbaybay Farmers Fishermen Association (LUFFA) and Sulangan Panitugan Planters Association (SPPA). Ultimately, the intervention will catapult the partner POs to becoming more informed financial decision-makers in their respective communities.

The Fish N’ Learn Financial Literacy and Management Training aspires to achieve Result Area 1 “Training for Fishermen and MSMEs” of the FISH Visayas Project.

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