Aflatoun's Child Social & Financial Education (CSFE) program is based on five core elements that encourage children to undergo personal exploration; inform them about their children's rights, roles, and responsibilities in society; teach them to save; equip them to plan and budget their finances; and develop a social or financial enterprise. Aflatoun delivers these core elements to children through a fun and interactive curriculum for children ages six to 14 years old.
Having rigorously developed the five core elements of the Aflatoun curriculum over 17 years of research and implementation in the field, Aflatoun is now building a global network of partners who can implement the program in formal and informal school settings in 100 countries by 2015. In addition to providing technical assistance to educators teaching students about Aflatoun for the first time, Aflatoun will also mobilize this fast-growing network to advocate for systematic policy change, including the integration Aflatoun's core principles into national curricula and for children's increased access to savings accounts with Child Friendly Banking.
In reaching 100 countries by 2015 Aflatoun's long-term aim is that each country will build a strong network for a sustainable national movement to ensure:
- Aflatoun's core CSFE concepts are incorporated into standard national curricula and activities for students ages 6-14 in each country.
- Financial sector provides Child Friendly Banking access to savings accounts for those children learning about social and financial education.
The long-term strategies of this commitment are explained through more detailed descriptions of the Aflatoun Concept, Program, and Network.
1. Aflatoun Concept
Vision: Become a thought leader in Child Social & Financial Education for children ages 6 -14.
Strategic Objective: The Aflatoun Secretariat will research and develop the 'Child Social & Financial Education' concept by ongoing reflection with implementing partners, impact assessment, creating a global Aflatoun brand identity, and quality assurance.
To reach this vision Aflatoun has formulated the following underlying strategic initiatives:
- Refine core elements and enhance content based on partner feedback and formal and non formal education sectors
- Build research network to support program development with ten ongoing research partners
- Create quality assurance and impact assessment approach for analysis of country impact on students, teachers, schools, and partner organizations
- Develop an annual reporting framework for quality and impact assessment through the annual Aflatoun research publication: 'Children & Change'
- Research new areas of program development based on needs expressed by children
- Create an Aflatoun brand identity for 2008 to 2010 for handover and development to the children's movement after this time.
2. Aflatoun Child Social & Financial Education (CFSE) Program
Vision: Bring the Aflatoun CFSE program to 100 target countries reaching four million children by 2015
Strategic Objective: The Aflatoun Secretariat will facilitate and support the quality implementation of Aflatoun programs by developing a relationship with partners and providing technical assistance and services.
To work towards this objective Aflatoun has set the following strategic initiatives:
- Implement the CFSE in 100 countries with four million students by 2015
- Develop six regional core sets of teaching materials and based on refinements in 'concept'
- Create 1,000 microenterprises by children, which in turn facilitate financial management by children
- Ensure that 2% of countries have included Aflatoun in national curricula by 2010, and 10% in local curricula
- Implementation of an impact assessment and quality assurance process with 90% partners to drive annual training needs agendas at regional meetings
3. Aflatoun Network
Vision: Build a global movement of Aflatoun children and 400 partners who commit over $20 million in resources and advocate for policy change supporting Child Social & Financial Education.
Strategic Objective: The Aflatoun Secretariat will create a global network of partnerships, alliances, and communication platforms to build the global movement for Child Social & Financial Education.
Network objectives are divided in the following strategic initiatives:
- Create partner kits for fundraising proposals in six languages by 2010
- Create donor database with 300 approved donor leads for partners by 2010
- Engage at least 50 child-focused organizations to include CSFE in their policies, programs, network, and activities.
- Engage at least 50 financial institutions to ensure Child Friendly Banking access for children under 14 to savings products or provide resources to the program.
- Develop an Aflatoun communication network that allows 10% of Aflatoun children to share materials and interact by 2010.
- Optimize Secretariat effectiveness and efficiency against key performance indicators and guarantee eventual phase-out at latest by 2020.
Through these activities and with the support of its partners, Aflatoun hopes to reach its dream in making every child a changemaker.
Quality education in developing countries is often an overlooked topic, even though many children lack life skills, financial know-how, and locally relevant education in their own language. These children also lack basic financial skills to help them save, budget, and plan to break the often present inter-generational cycle of poverty. Aflatoun's vision is that today's children will become tomorrow's leaders, entrepreneurs, and changemakers.