Category: Microfinance
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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…
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How to Turn Around a Struggling MFI: The ARDCI Story
In December 2006, ARDCI’s financial performance was so dire, it was at the brink of collapse. In the same year, it has realized its fourth consecutive year of net losses. The morale of the staff is low and everyone was watching ARDCI that was once the envy of a lot of MFIs in the Philippines.…
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Ateneo Confers Diploma in Microfinance for the First Time
Two years after having launched the Ateneo Diploma Course in Microfinance, 35 graduates were conferred the Diplon in Microfinance in December 2008. Most of the graduates are Nigerians and only 5 Filipinos were able to complete the Diploma. The graduates we able to pass written exams and successfully completed projects to showcase their learnings in…
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SCCI Inks Cooperation with Cordaid on Remittances
In 2008, Cordaid and SCCI inked an agreement to create models on how remittances could be leveraged for development through microfinance. The cooperation consists of a guarantee mechanism from Cordaid for OFW investments to SCCI and conduct of financial literacy trainings to both remittance senders and receivers. Cordaid is one of the world’s biigest international…
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Peace and Equity Foundation
PEF is a non-stock, non-profit organization that provides financial support to projects that respond to the problems of poverty and marginalization. The Foundation envisions empowered communities that: have basic needs of life; are engaged in sociocultural and economic activities; and participate meaningfully in local governance. PEF addresses the needs of the urban and rural poor…
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SEDPI-CORDAID MFI Capacity Building Program
SEDPI strives to make its provision of capacity building interventions affordable and accessible particularly to small and medium microfinance institutions. Although it offers the most affordable capacity building services, it is not dependent on subsidies to ensure the continuous provision of services. It has employed the following strategies to make this happen: (a) employing brilliant,…
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AMiDA taps SEDPI as Resource Person in Bali, Indonesia
In April 2008, the Academy for Microfinance Development in Indonesia (AMiDA) invited SEDPI’s president, Mr. Mariel Vincent Rapisura, to be part of the first faculty to deliver trainings in AMiDA. Mr. Rapisura delivered a training on entitled: “The New Frontier: Linking Microfinance and Remittances.” The participants evaluated the delivery of Mr. Rapisura at 4.78 from…
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PBI Achieves Microfinance Standards
Progressive Bank Inc. (PBI) is a rural bank operating in Panay Island. Considered as a significant player in its market, PBI enjoys a Php 116 million portfolio with 15,000 clients and although it has a near perfect performance boasting a 2% Portfolio at Risk Ratio, its management still feels there is plenty of room for…