Opening for Finance Officer

SEDPI is a private organization composed of young and dynamic social entrepreneurs, with a niche in providing services for the microfinance industry and microenterprises. Its’ services include training, technical and mentoring assistance, market research, strategic planning, project appraisal, and impact assessment.

SEDPI’s management personnel run the Microfinance Capacity-Building Program of the Ateneo de Manila University. Local participants as well as nationals of Cambodia, Indonesia, Pakistan, Laos, the Netherlands, Nigeria, Sweden, and the USA have attended the program. SEDPI has also conducted microfinance and financial literacy training courses in Asia, Europe and Africa.

SEDPI Development Finance, Inc. (SDFI), SEDPI’s sister company, mobilizes social investments by lending to microfinance institutions and small and medium enterprises.

The organization is currently expanding and is looking for a finance officer.

The main objective of the position is to maintain and improve the accounting system of SDFI and perform the administrative support needs of SDFI staff. Specifically, the Finance Officer shall also maintain schedules and book of accounts of SDFI, generate monthly financial reports such as balance sheet, income statement and cash flow statement, which will be used to perform analysis of the SCCI portfolio; portfolio at risk; liquidity analysis and risk analysis. The position directly reports to the President and CEO.

The finance officer will also ensure compliance to all government and government agencies’ rules and regulation specifically reportorial requirements for lending/financing companies, prepare correspondence, maintain an orderly filing system for each client accounts, prepare billing statements for clients and ensure the receipt of account receivables, prepare payments for accounts payable, provide support to external auditors, and perform other related tasks/functions as may be assigned by the President and Chief Executive Officer.

Applicants should be an accounting or finance graduate. Fresh graduates are encouraged to apply.

For interested individuals, kindly send your resume and application letter to info@sedpi.com.

Development executives weigh work at the local and institutional levels

By: Anna Patricia Valerio

This article is part of The Future of Global Development, a series for Devex Executive Members that explores what development leaders think of the industry’s top issues.

Development professionals often want to stay close to the main beneficiaries of their work — a preference that holds true even as they climb up the ranks. But among many executives, there’s an awareness that effective development work happens at both the local and institutional levels.

The 2014 Development Influencers Survey, which polled senior development executives earlier this year, found that the highest proportion of respondents, 47 percent, said their best development work happens at the national, regional or global level. Roughly the same amount, 44 percent, said it happens at the individual or village level.

Respondents from nongovernmental organizations and social enterprises tended to believe their best work is done among individuals or communities.

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NGO and social enterprise executives believe their best work is done at the individual and community level.

Respondents based in developing countries were also more likely to believe their best work happens locally.

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Development executives based in developing countries also believe their best work is done with individuals or in villages.

NGO and social enterprise executives interviewed by Devex about these findings both confirm and challenge the results.

The survey finding that social enterprise executives, more than any other group, believe their best work is done with individuals may be due to the nature of social enterprise work, noted Vincent Rapisura, president and CEO of Social Enterprise Development Partnerships, Inc.

Rapisura has been involved in social entrepreneurship, microfinance and financial literacy in 24 countries and believes “social enterprises look at the individual or household level, since they typically have them as their primary stakeholders.”

Community work to complement institutional work

NGO executives interviewed about the survey findings think the line between micro and macro levels may not be so clear-cut.

Nassreena Sampaco-Baddiri, country director of Innovations for Poverty Action Philippines, an organization that designs anti-poverty solutions by conducting randomized evaluations, thinks IPA’s work is crucial at both the grass-roots and the global level.

“I feel we do the best work both at the community level, where we work on the ground to understand how interventions work and why, and at the institutional level, where we translate evidence that we gather into practical recommendations,” she told Devex. “For me, there is fulfillment in knowing that evidence on innovative solutions can lead decision-makers to implement effective poverty reduction programs that can change the lives of many around the world.”

David Sutherland, chair of the board of International Care Ministries, a Hong Kong-based organization that serves the ultra-poor in the Philippines, thinks it’s natural for NGO executives to feel that they do their most important work at the community level.

“Presumably, they think that their best work is done when they are directly working on helping the poor, and not when they are in New York or Europe trying to convince their bosses or their funders about the wisdom of their strategies,” he told Devex.

But like Sampaco-Baddiri, Sutherland believes the desire to work directly with communities should complement the equally important need to work at the institutional level.

“It is tempting to stay in the ivory tower and think that I know best for the people in the field,” Sutherland noted, but he said that he still needs to visit the communities and talk to the villagers from time to time to see and understand how ICM’s programs are being implemented. “The bottom line is that I need to be in the field on a regular basis, but I should spend most of my time with donors and strategists to do what local people can’t do.”

Impact and influence, not preference

The question of where development executives do their best work shouldn’t be an issue of preference, according to Sutherland, but a matter of where they can make the most impact.

“In ICM, I personally would like to be in the field as much as possible. But my highest and best use to help the poor is to keep the program operating efficiently and effectively and to ensure that the funding is reliable,” he said. “Often I need to spend time with funders to keep things moving along productively, even though I would rather be elsewhere.”

Jason Clay, senior vice president of World Wide Fund for Nature’s food and markets division, has a slightly different take. The question of where development executives think they do their best work, he said, concerns the areas where they can most easily see an impact — a perspective that can be myopic since, as he told Devex, “we simply cannot afford to approach development one village at a time.”

Not only is engaging one village at a time too slow, doing so does not address long-term threats or larger, structural issues, Clay noted. Climate change, for instance, is the biggest threat to smallholder farmers.

“How do you address that one village at a time?” he asked, adding that WWF has found that it often takes significant time and resources — 20 years or more and tens of millions of dollars — to achieve meaningful results from the time the organization identifies an issue and starts actual work on the ground.

“If we don’t keep the big picture in sight and measure our results at a global level, then we will not have accomplished enough, no matter how good a program may appear in a village or two,” he said.

https://www.devex.com/news/development-executives-weigh-work-at-the-local-and-institutional-levels-84346

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.

Opening for Project-Based Program Officer and Program Assistant

SEDPI is the premiere capacity building institution providing training, research and consulting services in the areas of microfinance, social entrepreneurship and financial literacy in the Philippines. It is composed of young and dynamic social intrapreneurs from prestigious universities.

SEDPI runs the Microfinance Capacity Building Program in partnership with the Ateneo de Manila University. It also runs the longest running Social Enterprise Business Plan competition in the Philippines with the British Council, the ‘I am a Changemaker’ program. SEDPI has trained more than 10,000 individuals on financial literacy.

Established in 2004, SEDPI worked in 23 countries worldwide reaching approximately 3,000 development organizations.

The organization is currently expanding and is looking for a project-based program officer and a program assistant.

The Project-based Program Officer (PPO) post is open for a one year contract. Fresh graduates and those with one-year experience are preferred. The PPO will conduct various research projects and training courses of SEDPI all over the Philippines on field. The PPO’s main responsibilities include gathering data through field work, writing research reports, and assisting in the conduct of training courses.

The Program Assistant (PA) post provides administrative support to the operations team. This includes data processing, logistical arrangements, and training preparations. S/he will also be in charge of completing liquidations and data encoding. Fresh graduates and working students are welcome to apply.

SEDPI offers the opportunity to hold a position with development impact; be exposed to key players in the Philippine development sector; and join a successful team of young social intrapreneurs. It is looking for young and flexible individuals who are willing to be trained and are fast learners. Passion for development work and effectiveness in working in a team are given more weight than academic qualification or professional experience.

For interested individuals, kindly send your resume and application letter to info@sedpi.com.

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.

1,383 Students Trained on Financial Literacy

sms_logoNow on its third year, SEDPI trained students of Sisters of Mary Schools (SMS) Boystown and Girlstown. The trainings were held in the campuses of SMS on June 20, 2014. There were 456 male students and 927 female students who attended the financial literacy trainings.

To date, almost 4,000 SMS have already been trained on the importance of personal finance, savings, managing expenditures, setting financial goals, budgeting and insurance. At the end of the training, students showed their appreciation to the trainers. The evaluation of the trainings gave a rating of 4.93 out of possible score of 5.00. This shows that the students enjoyed and learned a lot from the training event.

The Sisters of Mary School is a non-stock, non-profit, non-paying, live-in secondary institution for the marginalized poor of our country. The school is maintained and supported mainly by donations, gifts and bequests coming from noble, selfless and well meaning persons and entities, local and foreign.[1]

The financial literacy trainings are held in partnership with the Philippine Transmarine Carriers – Carlos Salinas Jr. Foundation (PTC-CSJ). PTC-CSJ is the corporate social responsibility arm of Philippine Transmarine Carriers (PTC). It provides support for students through financial literacy and feeding programs among others.

[1] http://www.thesistersofmaryschools.edu.ph/sms_history.php

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.

Opening for Program Officer

SEDPI is a private organization composed of young and dynamic social entrepreneurs, with a niche in providing services for the microfinance industry and microenterprises. Its services include training, technical and mentoring assistance, market research, strategic planning, project appraisal, and impact assessment.

SEDPI’s management personnel run the Microfinance Capacity-Building Program of the Ateneo de Manila University. Local participants as well as nationals of Cambodia, Indonesia, Pakistan, Laos, the Netherlands, Nigeria, Sweden, and the USA have attended the program. SEDPI has also conducted microfinance and financial literacy training courses in Asia, Europe and Africa.

The organization is currently expanding and is looking for a program officer.

Program officers are fielded out to various research projects and training courses of SEDPI all over the Philippines. The main responsibilities of the program officer include gathering data through field work, writing research reports, and assisting in the conduct of training courses.

SEDPI offers the opportunity to hold a position with development impact, be exposed to key players in the Philippine microfinance industry, and join a successful team of young social entrepreneurs. It is looking for young and flexible individuals who are willing to be trained and are fast learners. Passion for development work and effectiveness in working in a team are given more weight than academic qualification or professional experience.

For interested individuals, kindly send your resume and application letter to info@sedpi.com.