Financial Management Training for Handicrafts – day 1

Southern Laos and ADB  invited EDC, a+b=3’s partner in Laos, to run a three day training in the village of Ban Saphai, near Pakse in Champasak province to improve the financial management of the weavers -both of their business and their family’s expenses – and encourage product diversification.
Today’s topic was business finance. Through a story, participants identified business issues and the importance of bookkeeping. Then, they practiced recording incomes and expenses, separating business and personal/family expenses, calculating a profit and using their record of past expenses and incomes to plan future sales and expenses, and avoid taking a loan without assessing their financial situation for the coming weeks first.
Ban Saphai, Champasack provinceMrs Mala Chanthalam, Dpt of TourismHandicraft Training on Financial Management Ban SaphaiProblems and solutionsProblems and solutionsProblems and solutionsbusiness problems business problemsStory analysisStory analysisStory analysisStory analysisBan Saphai handicraft centreMekong River at Ban Saphai Ban Saphai Handicraft CenterBan Saphai Handicraft CenterBan Saphai Handicraft Center bookkeepingplanningplanningplanningplanningBan Saphai Handicraft Centerplanning

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