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Project Site
BJMP Male Dormitory, Brgy Tipanoy, Iligan City, Philippines
Overview
Overview
The “Personal Financial Management and Savings for Inmates in BJMP Iligan City” is an extension initiative of the College of Economics, Business, and Accountancy (CEBA) at Mindanao State University–Iligan Institute of Technology (MSU-IIT). Implemented in partnership with the Bureau of Jail Management and Penology (BJMP) Iligan City, this internally funded training program aims to equip inmates with essential financial literacy skills. Through practical lessons on budgeting, saving, and managing personal finances, the program seeks to promote responsible financial behavior and support the inmates’ personal development. Ultimately, it aspires to empower participants for a smoother transition and successful reintegration into society.
Primary Objectives of the Program
To describe the financial inclusions of PDLs in terms of saving, borrowing, and investment practices.
To assess the level of financial literacy among PDLs before and after the financial literacy training intervention using core financial concepts such as interest rates, inflation, and investment risk.
To evaluate the change in financial literacy scores of inmates before and after participating in the financial education program.
Marks the first step toward financial empowerment. Evaluating participants’ knowledge of financial management and savings to determine key strengths and areas for improvement. The results will guide the development of a targeted financial literacy program designed to enhance understanding, promote effective money habits, and support long-term financial stability.
Enhancing participants’ knowledge and practical skills in financial management and savings. Through interactive workshops and hands-on training sessions, beneficiaries will gain a deeper understanding of essential financial concepts, empowering them to make informed decisions, manage resources wisely, and cultivate sustainable saving habits for long-term financial well-being.
Evaluates the overall effectiveness and outcomes of the financial literacy program. Through the project’s impact assessment, beneficiaries are expected to demonstrate improved decision-making skills and positive financial behaviors. The assessment highlights how participants apply the financial knowledge gained to real-life situations—showcasing increased savings, stronger financial stability, and greater confidence in managing their finances. These results reflect the project’s success in fostering economic resilience, self-sufficiency, and long-term empowerment within the community.
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