Category: Financial Literacy
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ABS-CBN Features SEDPI Study on OFW Financial Status
SEDPI’s study on the financial status of Overseas Filipino Workers (OFWs) was the highlight of an ABS CBN report. ABS CBN’s Europe News Bureau posted the report which covered SEDPI’s training on Financial Literacy for Remittance Senders in Oslo, Norway last November 5. (Read ABS-CBN Article) Eighty five participants, mostly au pairs in Oslo and…
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SEDPI Trains 106 OFWs on Financial Literacy
Last February, SEDPI conducted five financial literacy trainings in Switzerland and Italy. SEDPI’s President-CEO Vincent Rapisura and Chairman Edwin Salonga conducted the trainings. A total of 106 OFWs attended the training. The training was made possible through the support of Pilipinas-OFSPES in Italy and Samahang Pilipina in Switzerland. According to the Philippine Overseas and Employment…
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SEDPI Conducts Financial Literacy Trainings for OFWs in 10 Countries
The Social Enterprise Development Partnerships, Inc. (SEDPI) successfully completed training 1,145 Overseas Filipino Workers on financial literacy for remittance senders. The trainings were held in the Netherlands, Italy, Germany, Singapore, Hong Kong, Belgium, Denmark, Luxembourg, Austria and the United Arab Emirates. Rhoda Amodia, 36 years old and a domestic helper in Rome, Italy expressed, “For…
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588 Remittance Receivers Trained all Over the Philippines
“I will start saving a portion of remittance once I receive it. I will no longer access loans from 5-6” These were Rosita Sawitan’s realizations upon attending SEDPI’s training on financial literacy for remittance receivers. Rosita is a 45 year old housewife who lives in Claveria, Misamis Oriental. Her daughter is an Overseas Filipino Worker…
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SEDPI Launches Online Financial Literacy Course for Migrants
One of the main challenges that Overseas Filipino Workers (OFWs) face is personal financial management. Most of them do not have emergency savings, insurance, over-indebted and low investment. This condition prompted the Social Enterprise Development Partnerships, Inc. (SEDPI) to develop financial literacy programs. On September 12, 2010, SEDPI launched an online course on financial literacy…
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Low Usage of Mobile Money in the Philippines
Contrary to popular belief, there is low usage of mobile money in the Philippines. This is one of the main findings of SEDPI’s qualitative research conducted on August 2010. Almost all of the respondents have little or no knowledge about mobile money. The research aims to gain better understanding of the domestic demand for payment…
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SEDPI Conducts Training to OFWs in Germany, Italy and Netherlands
A total of five training events on Financial Literacy for Remittance Senders were conducted in Europe from January 31 to February 8, 2009. In partnership with Stichting-Habagat, SEDPI was able to conduct three training events in the Netherlands – The Hague, Limburg and Utrecht. In Rome, Italy, the Overseas Filipinos Society for the Promotion of…
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CORDAID Guarantee to OFW Investments
The Sustainable Investment Fund is an alternative investment option to Overseas Filipinos – workers, migrants and immigrants. Because it will be used to extend loans to microfinance institutions and social enterprises (SEs), this fund does not only give positive economic returns; it is socially responsible as well. When Overseas Filipinos invest a minimum of PhP50,000.00…