An assessment of Financial Literacy Training Project for Key Women Leaders: The Case of Iligan City, Philippines

Abstract

Literature suggests that financial literacy training is important for women to improve their financial knowledge and decision-making skills. In collaboration with the Department of Economics, MSU-Iligan Institute of Technology and the Local Government Unit of Iligan City through the CMO-GAD office, a financial literacy training was conducted for key women leaders in Iligan City, Philippines. This study was conducted to evaluate the effectiveness of the training in increasing the knowledge of these key women leaders. It used a descriptive design, employing structured questionnaires, pre-test and post-test instruments, and evaluation forms. Findings revealed a significant increase in pre-test and post-test scores by 0.8 points on average indicating the training was effective. Most participants rated the training highly satisfactory, with scores ranging from 96 to 100%, suggesting that the content and delivery met their needs. High satisfaction scores could motivate these key women leaders to apply their new knowledge in their associations, enhancing the overall impact of the training. Hence, the study concludes that financial literacy training is crucial in promoting financial understanding and decision-making abilities among key women leaders in Iligan City, Philippines.