| 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 development organizations with a network of almost a thousand partner organizations in 36 countries in Africa, Asia, Central and Eastern Europe and Latin America. It has more than 90 years of experience in emergency aid and structural poverty eradication. The counterpart bodies work on various themes, including healthcare, quality of urban life, access to markets, and peace and conflict. |