In October 2009, SEDPI signed Memorandum of Agreements (MOA) with two Overseas Filipino (OF) organizations. SEDPI renewed its partnership with Stichting-Habagat based in the Netherlands and OFSPES based in Italy.
The MOA aims to facilitate savings and socially responsible investments from OFs in Europe as well as advocating financial literacy to both migrants and remittance receivers. Through the efforts of both organizations, a total of PhP5 million (USD100,000) worth of social investments have been mobilized and have trained approximately 400 migrants on basic financial literacy since January 2009.
Stichting-Habagat is a group of Filipino migrants in the Netherlands who were politically active in the Philippines in the 1980s. It aims to promote and generate support for issues and concerns for the people of Southern Philippines, particularly in Mindanao, through campaigns and information drive. On the other hand, Associazone Pilipinas OFSPES Onlus is a non-profit associating implementing a program for OFs entitled Leasership and Social Entrepreneurship, of which, financial literacy is a vital component.
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The Social Enterprise Development Partnerships, Inc. (SEDPI) was founded in 2004 with a simple but powerful vision–sustainable social enterprise for the economic empowerment of the poor. By believing in and working hard to realize this vision, and spreading the best microfinance practices on various points of the globe, SEDPI has carried the flame of sustainability through capacity building and balancing social and financial goals. Five years on, young but confident with its achievements, SEDPI continues to affirm its vision. By edifying MFIs and microenterprises, and by giving financial education, SEDPI has directly and indirectly put homes, communities, and societies in a better position to sustain themselves. This will be SEDPI’s commitment in the decades to come |
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