The Ministry of Co-operatives along with other co-operatives embarked on the opportunity to present to over 200 children ranging from ages 8 to 16 years old at the Department of Youth Empowerment Summer Residential Camp during the month of July. This year’s camp, which was held from 17th July until 31st July, sought to educate the campers on the values and operating principles of Cooperatives.
The theme for this year’s Camp was “Team Work Makes the Dream Work” and the campers were put into groups so they could develop their own businesses. The aim was to spark the creative, innovative, and enterprising spirits of all the campers. This Business/Entrepreneurship Development Program was designed to instruct the campers as to the many options available to them as up-and-coming young entrepreneurs.
Ms. Julie Charles, the Marketing and HR Manager of the SKCCU, presented to the campers on the 5 P’s of business namely Place, Promotion, Product, Price and People. These five factors come together to make any business profitable. The factors were explained by using examples of different business and how these factors apply to make those businesses possible. Several of the campers inquired on the lending process of the SKCCU and what other ways they could go about formulating their business plans. They were given answers to their questions and other useful tips on how to go about seeking funding . In addition to the suggestions given, they were also encouraged to behave like Co-operatives in their strategic thinking.
The 30 minute session ended with an question and answer segment, which was conducted by Ms. Davicia Browne Administrative Assistant of SKCCU , and it focused on products and services that the SKCCU provides to its membership. The campers were quite enthusiastic as they competed with each other to win the prizes.
The second session with campers was held on the 26th July 2016 with the campers from ages 8 to 13 year old, which make up the majority of the camp. The focus of this session was to encourage these young campers to save for whatever they wanted. They indicated several items they would like to have and a few campers also stated that they already have their own savings accounts. The importance of saving towards the items they desired was emphasized, and a few suggestions such as saving coins, saving the monies they get from family members for their Birthdays and Christmas, doing chores to make money, looking for a summer/Christmas holiday jobs were all given so that they are not too young to save their gifts/earnings.
Other Co-operatives presented to the campers over the two week period on several Co-operative related topics so that the campers were able to use the information provided to assist them in their business projects. It was an enlightening experience to be amongst so many bright young persons, who were eager and willing to learn about Co-operatives.