Yolanda and the Filipino Resiliency

SEDPI Program Officer, Angelo Naidas, conducts focus group discussion with victims of Typhoon Yolanda
SEDPI Program Officer, Angelo Naidas, conducts focus group discussion with victims of Typhoon Yolanda

 

By: Emilenn Sacdalan-Pateño

The Philippines is known as one of the most hazard-prone countries in the world. In a 2008 World Bank study, the country was identified as a natural disaster hot-spot with approximately 50.3% of its total area and 81% of its population vulnerable to natural disasters. The United Nations University Institute of Environment and Human Security’s (UNU- EHS) 2012 World Risk Report, the Philippines is the third most disaster risk country worldwide.[1]

 

In a country that experiences a lot of natural disasters, it is a wonder how its people would cope in order to survive. These are what the Social Enterprise Development Partnerships, Inc. (SEDPI) found out during the conduct of two (2) separate researches among Yolanda survivors in Eastern and Western Visayas. These researches were done respectively with Cordaid and People in Need (PIN).

According to the researches, the most effective coping mechanism of the poor in times of disaster are the following: (a) looking for other sources of income; (b) donations or relief operations; and (c) accessing loans. These coping mechanisms are cited to be effective since these allow the family of the respondents to get by with daily needs, and are also readily available.

However, it is interesting to note that although not mentioned widespread, a significant number of the respondents revealed that their top priority in terms of coping mechanism is prayer. They also deemed this as highly effective. One respondent from Eastern Samar said, “Hindi ko nga po alam kung paano pa kami nakakaraos sa araw-araw. Ipinapasa-Diyos na lang namin.” (“I do not know how we survive day-by-day. We just leave it up to the Lord.”) This only shows how culture has influenced the coping mechanisms of the Filipinos.

Another coping mechanism inherent to Filipinos is that of getting assistance from village members through damayan (compassion) and bayanihan (cooperation). Some experts might call it social capital. But for the respondents, immediate help would only come from those around them. There were stories of Yolanda survivors in Iloilo pooling whatever food they have so that they could share them among neighbors.

With all the calamities that the Philippines experiences, its people have found indigenous ways of coping to these disasters. But even the poor know that they would be able to better cope with these disasters if there is an enabling environment for them to be more economically resilient and be better equipped to manage disasters. The two projects of SEDPI, with Cordaid and People in Need (PIN) respectively, are trying to accomplish these. Cordaid is a Dutch International NGO and PIN is a Czech International NGO.

Currently, SEDPI won the bid for the project with PIN to be able to allow the Yolanda survivors in Eastern Samar to have access to suitable financial products and services and enhance financial literacy. Aside from access to financial services, market linkage is also an important aspect that is looked into by the project as this would provide an enabling environment for the communities to be more economically resilient. These factors would enable the Yolanda survivors to build their resiliency, both on the individual and collective levels.

[1] “Natural Disasters at a Glance,” Senate Economic Planning Office, April 2013

PricewaterhouseCoopers Awards Special Recognition to SEDPI

sedpi dsea pwc award 150304

 

 

 

 

 

SEDPI Development Finance, Inc. (SDFI), the financing arm of SEDPI Group of Social Enterprises, received special recognition from the First Development Social Enterprise Awards (DSEA) held on March 4, 2015 at the Kalayaan Hall, Club Filipino in the City of San Juan. DSEA aims to recognize organizations that are committed to a social objective and are multipliers of social progress through their enterprises.

PricewaterhousCoopers (PwC) Philippines or Isla Lipana & Co. (ILC) and Benita and Catalino Yap Foundation, Inc. (BCYF) team up to support social enterprises through the DSEA. PwC/ILC and BYCF seek to recognize organizations with a culture centered on human value, and that exists to create societal impact alongside an ethical and viable business model. These social enterprises include organizations that have not only demonstrated consistent success, but have shown a commitment to scale up.

There were 27 nominated organizations for the awards. Two SEDPI partners were also nominated for the awards – Solar Solutions, Inc. (SSI) and Good Food Community, Inc. (GFC). GFC was hailed as one of the five finalists for the award. SEDPI actively participated in the incubation of SSI and GFC.

Senator Paolo Benigno “Bam” Aquino IV led the panel of judges for the selection of the awardees. He also delivered the keynote address during the awards night.

PwC is a multinational professional services network. It is the world’s second largest professional services network, as measured by 2014 revenues, and is one of the big four auditors, along with Deloitte, Ernst and Young and KPMG. ILC is the local partner of PwC in the Philippines.

PDTF Holds Review Workshop

On February 16-17, 2015, the People’s Development Trust Fund (PDTF) held a workshop to review current policies, practices, trends and action planning in Pasig City. Representatives from the basic sectors, accredited service providers and government agencies were present during the review workshop.

People’s Credit and Finance Corporation (PCFC) is mandated administer PDTF under Executive Order 110. PDTF is a fund created under the Social Reform and Poverty Alleviation Act (Republic Act 8425). The act mandates the development of nationwide network of viable and sustainable microfinance institutions and microenterprise business development service groups that are able to deliver effective and efficient microfinance services to the poor and help them develop enterprises.

SEDPI’s President and CEO, Mr. Mariel Vincent Rapisura, delivered input on “Sustainable Social Enterprise for the Economic Empowerment of the Poor through Capability Building.” SEDPI is an accredited service provider of the PDTF. Since 2008, SEDPI provided capacity building services to at least six microfinance institutions all over the Philippines. The microfinance institutions have a total outreach of 197,300 poor households. Mr. Rapisura emphasized in his talk the importance of enhancing market-based solutions to address social problems. The MFIs who benefited from PDTF were Agricultural and Rural Development for Catanduanes, Inc. (ARDCI), Kasagana-Ka Development Centre, Inc. (KDCI), Mount Carmel Rural Bank (MCRB), Progressive Bank, Inc. (PBI), Abuyog Saint Francis Xavier Credit Cooperative (AFCCO) and Community Rural Bank of Catmon (CRBC).

DLSCC Celebrates 52nd General Assembly

conference 150214 dlscc ga

 

 

 

 

The De La Salle Credit Cooperative (DLSCC) celebrated its 52nd anniversary in its Taft Campus. Approximately 1,300 cooperative members who are faculty and staff of De La Salle University system. The General Manager, Dr. Brian Gozun, delivered the good news to the cooperative members that the cooperative has grown to nearly PHP 500 million in terms of assets. DLSCC also distributed dividends to the members with an annual return of 9.1%.

SEDPI President and CEO, Mr. Mariel Vincent Rapisura, provided input on financial literacy and social entrepreneurship. This is to provide additional knowledge to DLSCC members as part of their member education. Mr. Rapisura provided a quick diagnostic to determine whether one has good personal finance practice. He also gave social enterprise examples – Good Food Community and Route +63 – to the cooperative members.

SEDPI Gets CDA Accreditation

sedpi cda accreditation certificate
sedpi cda accreditation certificate

On November 24, 2014, the Social Enterprise Development Partnerships, Inc. (SEDPI) got its accreditation from the Cooperative Development Authority (CDA) as training provider. This means that cooperatives can now avail of SEDPI’s training services to comply with the minimum training requirements for cooperatives. This is in compliance to CDA Circular Memorandum 2011-27.

The training requirements include:

      • Basic Cooperative Course
      • Cooperative Management and Governance
      • Financial Management
      • Policy Development
      • Leadership and Value Re-orientation
      • Conflict Management
      • Parliamentary Procedures
      • Strategic Planning
      • Orientation on Labor and Other Related Laws
      • Records Management for Non-Financial Transactions
      • Records Management for Financial Transactions
      • Cooperative Standards
      • Investment and Banking Procedures
      • Basic Accounting for Non-Accountants
      • Internal Control Including Inventory System
      • Audit Management
      • Rules Formulation
      • Effective Management
      • Human Resource Management
      • Effective Communication Skills
      • Entrepreneurship and Business Management Skills
      • Computer Literacy Course

SEDPI can deliver all of the above training programs to cooperatives. For inquiries, you may contact SEDPI at +632-4338795 or email at info@sedpi.com

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MMC Mounts Microfinance Best Practice Forum 2014

On September 18-19, 2014, Mindanao Microfinance Council held Microfinance Best Practices Forum 2014 with the theme, “Moulding the Building Blocks of Microfinance.” The sessions during the forum covered enhancing effective operational strategies of MFIs; innovations in microfinance products and delivery systems; risk mitigation through internal control and external audit; and promoting client protection and transparency of MFIs. Speakers in the conference came from various government agencies and pioneering microfinance institutions.

SEDPI was an event partner of Mindanao Microfinance Council for the event.

MMC Mounts Microfinance Best Practice Forum 2014

On September 18-19, 2014, Mindanao Microfinance Council held Microfinance Best Practices Forum 2014 with the theme, “Moulding the Building Blocks of Microfinance.” The sessions during the forum covered enhancing effective operational strategies of MFIs; innovations in microfinance products and delivery systems; risk mitigation through internal control and external audit; and promoting client protection and transparency of MFIs. Speakers in the conference came from various government agencies and pioneering microfinance institutions.

SEDPI was an event partner of Mindanao Microfinance Council for the event.

SEDPI Completes SBC Engagement

On June 28, 2014, SEDPI completed the capacity building program to three microfinance institutions (MFIs) under the Department of Trade and Industry’s Rural Micro-Entrepreneur Promotion Program (RuMEPP). RuMEPP was launched in 2007 with the Department of Trade and Industry (DTI) as its lead implementing agency. RuMEPP is a seven-year project of the International Fund for Agricultural Development (IFAD) based in Rome, Italy. The specific objectives of the program are (1) to increase the volume of finance available to micro enterprises; and (2) provide efficient, cost-effective and demand-responsive business development services to rural micro enterprises.

The Small Business Corporation (SBC) provides loans and capacity-building services to microfinance institutions (MFI) operating in the provinces included in the project under one of three RuMEPP components – Microfinance Credit and Support. The other two components are Microenterprise Promotion and Development and Program Management and Policy Coordination.

SBC awarded three contracts to SEDPI starting April 23, 2013 to build the capacity of three MFIs that are not yet eligible for loans but are operating in the 19 priority provinces of RuMEPP. These MFIs are Fatima Multipurpose Cooperative, Bibak Multipurpose Cooperative and Basak Layog Multipurpose Cooperative. The cooperatives are located in Leyte and Kalinga.

SEDPI provided the organizational appraisal, trainings and technical and mentoring assistance to the MFIs. Organizational appraisal refers to the diagnosis of an organization’s financial performance, human resource management, information systems, financial performance, products and services, governance structure, marketing, and general operations. This phase aims to determine the capability-building intervention needs of the institution and to provide an expert analysis on each interventions. The technical and mentoring assistance is delivered on a mentor-learner approach as SEDPI closely supervises and monitors an institution’s progress towards sustainability. The trainings delivered to the MFIs covered character and capacity-based lending; delinquency management training; strategic planning; and disaster management.

SEDPI Top Management Attend Disaster Risk Reduction

SEDPI top management attended a two-day event entitled “Business Case for Disaster Risk Reduction.” The United Nations Office for Disaster Risk Disaster Reduction (UNISDR) and SM Prime sponsored the event. Mr. Salonga, Mr. Rapisura and Ms. Sacdalan through the invitation of SM Prime attended the event. It was held at SMX Convention Center in Pasay City on June 17, 2014.

The event explores why increasing disaster risks represent a growing problem for the economic and business community at different scales and examines how paradoxically business investments that aimed to strengthen competitiveness and productivity may have inadvertently contributed to increasing risk. It seeks to engage businesses in a dialogue on disaster risk management that goes beyond the current emphasis on response and preparedness and instead identifies opportunities for the creation of shared value for business and society. It offers businesses as well as investors for the first time a review of practices that can reduce their risk of disaster loss.[1]

[1] http://www.unisdr.org/we/inform/publications/33013

MMC Mounts Microfinance Management Conference

Mindanao Microfinance Council held its Mindanao Microfinance Management Conference in Davao City on March 28, 2014. The conference theme was “Understanding the State of Microfinance Industry in Mindanao.” The topics in the conference were the initiatives of the Bangko Sentral ng Pilipinas on microfinance; assessment of the microfinance industry in Mindandao; the state of market saturation and inclusion in the Philippines; microfinance and livelihood restoration for disaster affected regions among others. The speakers came from various organizations such as the Bangko Sentral ng Pilipinas, People’s Credit and Finance Corporation, Microfinance Council of the Philippines, and PinoyME.

SEDPI was an event partner of Mindanao Microfinance Council for the event.