Author Archives: Mariel Vincent Rapisura

Maria Cecilia Concepcion

Cecilia Concepcion earned a degree in Management and minors in Literature (in English) and Enterprise Development from Ateneo de Manila. In her years in the University, she participated in various organizations such as AIESEC and Ateneo Special Education Society (SPEED). In AIESEC Ateneo, she had the opportunity of creating and eventually leading Project Asenso, a […]

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Changing mindsets: Teaching financial literacy to OFWs in HK

Many overseas Filipino workers face problems with loans. A program for OFWs in Hong Kong is helping change that. By: David Lozada HONG KONG – In a crowded street in central Hong Kong, overseas Filipino workers (OFWs) line up in front of pawnshops and loan agencies. The crowd starts to thicken even before the offices […]

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Financial planning for overseas Filipinos

For many Filipinos, the lure of working overseas is plain and simple: money. A higher take home pay enables them to provide their family with a better life. Earning in terms of a stronger currency allows the overseas Filipino to buy more pesos. In 2015, the number of overseas Filipino workers (OFWs) was estimated at […]

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‘Emotions preventing OFWs from financial success’

By: David Lozada A financial expert says many overseas Filipino workers send most of their earnings to their families – and fail to save for themselves – because they feel emotions such as guilt and shame HONG KONG – What emotions are preventing overseas Filipino workers (OFWs) from achieving financial success? What needs to change? […]

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PALFSI’s Inspiring Road to Recovery

by Angelo Naidas People’s Alternative Livelihood Foundation of Sorsogon, Inc. (PALFSI) started its microfinance operation in 1997, servicing the rural areas of Sorsogon. By 2003, the organization experienced growth with outreach of 10,000 clients in 15 municipalities in the province of Sorsogon. In 2005, PALFSI partnered with Ayudahan Livelihood Foundation of Zamboanga (ALFZI). The two […]

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Public-Run Versus Customized Trainings in MFIs

By Carlo Niño Yacob Organizations regularly include capacity-building in their development plans. This have become an essential human resource strategy because it aims to improve, if not sustain, the level of knowledge and skill needed by its employees in the performance of their functions. In the case of microfinance institutions, capacity-building interventions are done mainly […]

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ARDCI Celebrates 17th Founding Anniversary

By: Bea Arnela  Agricultural and Rural Development for Catanduanes, Inc. (ARDCI) recently celebrated its 17th founding anniversary last September 11, 2015. The festive day started with a Thanksgiving Mass and was followed by a colorful parade around the town of Virac. Hundreds of ARDCI members gathered in the Virac Sports Complex to join the fun-filled […]

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DAR Project Reaches 19,000 Poor Households

By: Hazel Atienza The Department of Agrarian Reform Micro Agri Loan Product (MALP) was an integrated credit delivery project for Agrarian Reform Beneficiaries (ARBs). The program aims to intensify and fast track the provision of microfinance services to target clients (ARBs/ARB households and rural women) to finance their agri-based enterprises through capable partner MFIs. Having […]

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Importance and Characteristics of a Rainy Day Fund

By: Romeo Arahan Jr. One of the pre-requisites in pursuing financial freedom is to have a rainy-day fund, or an emergency savings fund. What it does is it provides an individual, access to funds in an extremely urgent and critical event. SEDPI advises its participants to follow the three rules in forming their rainy day […]

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Why Financial Literacy is Crucial to Microfinance Staff

by Denise Subido Microfinance Institutions (MFIs) face a myriad of issues in running their day-to-day operations. One problem they are constantly faced with is delinquency. Delinquency is a prevaling problem that has negative repercussions for an institution. One peculiar finding, however, is that when there is delinquency, there are also cases of fraud. In fact, […]

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