Category: Financial Literacy
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OFWs from Bern, Switzerland use “Paluwagan” to Invest
SEDPI’s President and CEO, Mariel Vincent Rapisura, trained 18 Overseas Filipino Workers in Bern, Switzerland on May 26, 2012. Samahang Pilipina in Switzerland organized the training on Financial Literacy for Remittance Senders. The training aims to identify the current financial status of the participants; define their financial goals and provide suggestions on how to attain…
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SEDPI Speaks at The Global Microcredit Summit 2011
SEDPI’s President and CEO, Mr. Mariel Vincent Rapisura, was one of the speakers in a workshop for the fifth Global Microcredit Summit 2011. This year’s summit was held on November 14 to 17 in Valladolid, Spain. It focused on sharing best practices and reviewing the progress of efforts to attain the goals of the Microcredit…
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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…