Author: Mariel Vincent Rapisura
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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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Financial Literacy for CASS Beneficiaries
by Carlo Niño Yacob The Climate Adaptation Support Services (CASS) project intends to develop communities in Siargao Island, Surigao del Norte, toward climate-resiliency through economic empowerment. Climate Change Commission (CCC) in collaboration with Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) implements CASS. With financial support in the form of cash transfers coming from the government, it…
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Challenge of Integrating Crop Insurance in Agricultural Financing
By Romeo Arahan Jr. SEDPI recently concluded the MFI Credit Support to Agri-production and Enterprises of Agrarian Reform Beneficiaries or ARB Households and Rural Women in the Program Beneficiaries Development Model Areas project of the Department of Agrarian Reform (DAR) on July 2015. During the contract period, SEDPI was able to formulate micro-agricultural loan products…
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Union Bank Approves 30M Credit Facility for SEDPI
Union Bank approved a PhP30M credit facility for SEDPI Development Finance, Inc. SEDPI intends to use the funds to extend loans to microfinance institutions and social enterprises. On January 27, 2016, Union Bank top executives welcomed the SEDPI team in a meeting held at the Union Bank headquarters in Ortigas Center, Pasig City. “What…
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Adopting Technology to Improve Microfinance Efficiency
By: Bea Arnela Parungo RAFI Microfinance (RMF) has constantly been revolutionizing their operations through breakthrough innovations. Last April, RMF upgraded its Management Information System (MIS) to improve efficiency in operations. On-field account management and record-keeping using the mobile application eliminates redundancies and reduces total work load. Instead of recording in collection sheets, the field staff…
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Traditional Investing Versus Socially Responsible Investing
By: Gio Naidas and Mariel Vincent Rapisura Investing is the act of purchasing a financial product, asset, or other item of value with an expectation of favorable future returns. Investments provide the benefit of generating passive income which helps us attain our financial goals, afford higher standards of living and at the very least beat…
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Pulilan LGU Adopts Mobile Money
by Denise Subido Today’s world is made smaller and more convenient through the use of technology. What was once impossible or inconvenient can now be done with one touch on your mobile phone. In the Philippines, 80% of households have at least one mobile phone. Aside from making calls, texts and use of internet, mobile…