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  • Awarded: 2006
  • Issue Areas: Early Childhood to Primary Education · Economic Opportunity · Financial Services · Livelihoods · Post-Secondary Education · Women's and Girls' Education · Youth Job Skills
  • Countries Served: Afghanistan · Albania · Algeria · Argentina · Armenia · Azerbaijan · Bahrain · Bangladesh · Belarus · Benin · Bolivia · Bosnia and Herzegovina · Botswana · Brazil · Bulgaria · Burkina Faso · Cambodia · Cameroon · Chile · China · Colombia · Congo (Democratic Republic) · Costa Rica · Cote d’Ivoire · Czech Republic · Dominican Republic · Ecuador · Egypt · El Salvador · Ethiopia · Gambia · Georgia · Ghana · Greece · Guatemala · Guinea-Bissau · Haiti · Honduras · Iceland · India · Indonesia · Iran · Jordan · Kazakhstan · Kenya · Kosovo · Kuwait · Kyrgyzstan · Laos · Latvia · Lebanon · Lesotho · Libya · Lithuania · Macedonia · Madagascar · Malawi · Malaysia · Mali · Mauritius · Mexico · Moldova · Mongolia · Morocco · Mozambique · Myanmar · Namibia · Nepal · Netherlands · Nicaragua · Niger · Nigeria · Pakistan · Palestinian Territory · Panama · Paraguay · Peru · Philippines · Poland · Portugal · Puerto Rico · Romania · Russian Federation · Rwanda · Saudi Arabia · Senegal · Serbia · Sierra Leone · Slovakia · South Africa · South Sudan · Sri Lanka · Sudan · Suriname · Swaziland · Syria · Tajikistan · Tanzania · Thailand · Timor Leste · Togo · Tunisia · Turkey · Uganda · Ukraine · United Arab Emirates · United States · Uruguay · Uzbekistan · Venezuela · Vietnam · Yemen · Zambia · Zimbabwe
  • Web: aflatoun.org
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    About the Organization

    Aflatoun is an international network of NGOs, with its secretariat based in Amsterdam. It currently has over 190 partnerships in 109 countries and to date has reached 4.5 million children between the ages of three and 18. Aflatoun educates children about their rights and responsibilities. It also equips them with skills to save and manage money, and set up their own social and financial enterprises.

    Aflatoun seeks to harness the early period in a child's life and give them an educational experience that leaves them with positive associations with money and social change. It believes that the social and economic empowerment of children contributes to the systematic reduction of poverty.

    Aflatoun is an ambitious organization. It aims to have the Aflatoun Child Social & Financial Education Programme reaching at least 20 million children and young people by 2020, and recognized as the gold standard of social and financial education programs.

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    Most poor children have access to small amounts of money, but they do not know how to manage and save it to meet goals. Aflatoun Clubs teach children to take responsibility for themselves, plan and save for a better future.

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    Aflatoun students save money and even launch enterprises and now reaches more than 2 million children in more than 100 countries.

    Ambition for Change

    Children who are self-confident, socially responsible, and financially competent, in a position both to improve their own lives and to improve the world around them.

    Path to Scale

    Implementation Partner Network

    Aflatoun provides brand identity, curriculum, learning opportunities, and quality control to partners implementing the program.

    Jeroo Billimoria grew up in Mumbai, India. Drawn to children, she studied social work and founded Meljol, an organization that provides opportunities for children to make friends across classes and castes and become leaders in their communities. Jeroo also gave out her phone number and took calls for help from street children, which led her to found Childline. Starting with just $6,000, she built a national institution that in 5 years fielded more than 10 million calls for assistance in India’s 74 largest cities. She then founded an international organization, Child Helpline International, which now supports help lines in 153 countries. In 2005, Jeroo founded Aflatoun to apply the same international replication model to Meljol’s child empowerment curriculum and in-school savings and financial education program. This program, symbolized by an “Aflatoun” (explorer) who helps children envision a better future and act on their dreams, promotes a culture of saving, builds skills for using money and develops responsibility and pride.

    Jeroo is now officially with Child & Youth Finance. Aflatoun and Child & Youth Finance are separate non-profit organization but share common roots: both organizations were founded by Jeroo Billimoria, both are based in Amsterdam, and both, albeit with separate roles, focus on youth financial education and empowerment. The funding CYFI raises/has raised in the past does not directly benefit Aflatoun. The funds have been used to support numerous projects and initiatives of CYFI. These projects often involve partner organizations, of which Aflatoun is one of many partners of Child & Youth Finance International.

    After 2012 when Jeroo stepped down as executive director, Roeland Monasch is now the current CEO.

    Impact & Accomplishments

    • More than 2.3 million children receive social and financial education each year through more than 27,000 education centers in 109 countries.
    • 40 percent of students enrolled in the program save small amounts of money each week, building savings that average ~2.23 euros per child per year (~ 2.76 million total).
    • Aflatoun students have launched 5,177 social enterprises and 11,449 financial enterprises.
     

    Affiliated

    Rob BeckerChairman Aflatoun International, Aflatoun

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