Tuesday, March 2, 2010

Teaching the Barefoot MBA

GIVE accompanied the first batch of Barefoot MBA trainers as they undertook their first round of trainings in ICDC-assisted communities.

ICDC is integrating business skills training along with their regular microloan activities, which involve going into borrower communities for weekly loan servicing, and have efficiently blended in 15-minute business skills classes.

The Barefoot MBA consists of 16 individual lessons that are being taught weekly based on suggested lesson pairs like Debt and Interest, Cost-Benefit Analysis and Incentives, Saving and Investing, Opportunity Costs and Spending, Price-Quantity and Planning and Records, etc. Each lesson is expressed through stories that illustrate how to apply the Barefoot MBA concepts in their businesses.

20 borrowers took part in the initial lesson. They were interested and engaged throughout the process. ICDC will be conducting the same lessons on a weekly basis in urban poor communities in Quezon City in the coming months, leading to a full, ongoing business skills training throughout ICDC’s entire microcredit operation.

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