Tag: financial literacy
-
Blockchains: Where does Bitcoin come from?
If central banks print currencies, where does Bitcoin come from? Blockchain Bitcoin enigmatically appeared in the Internet. Satoshi Nakamoto, its unknown originator, used blockchain technology in order to create Bitcoin. Blockchains are democratized “public” ledgers. Ledgers are the recordkeeping books that accountants and bookkeepers typically use. Thus, blockchains are one method of record-keeping. Because blockchain…
-
SEDPI’s Social Welfare Protection Program
SEDPI offers the Social Welfare Protection Program (SWePP), where members can avail microinsurance coverage for their families in the Philippines or themselves. SWePP is a consolidated microinsurance and social safety net program and provides security and protection to low-income SEDPI members. As a hybrid form of insurance, it adopts formal, informal, and government social insurance…
-
What qualifies as microinsurance in the Philippines?
Insurance involves pooling risk over a large number of similar units such as households, persons, or businesses. It protects people and businesses against financial loss by spreading their risk among large numbers, and is similar to the concept of “bayanihan.” Insurance is not an investment. You are not after financial gain. It is for protection…
-
Never too small for hope (sari-sari store) – International Day of Rural Women 2020
Mary Jane Selecia is a mother of five who lives in a rural community in Upi, Maguindanao in the Philippines. She runs a sari-sari store (corner store) in her community. COVID-19 has significantly affected their household and community. To mitigate the spread of COVID-19, the government imposed community quarantine measures which includes physical distancing, movement…
-
Never Too Small for Hope- Part III (Service Economy)
Federic Caneta / Resident of Cebu City – Furniture Maker The miter saw is silent in Federic Caneta’s workshop. The carpenter has a cabinet and a couple of shelves from commissions that were canceled because of the lockdown. His monthly projects vary with demand, “I make furniture on a custom-made or pre-order basis. Orders would…
-
Never too Small for Hope – Part II (Transport and Logistics)
Image Credit: FreePik Respondent: Jhun Rodriguez / Resident of Quezon City- Tricycle Driver Jhun Rodriquez’s day would start with morning commuters in Quezon City. He is one of 4.5 million drivers across the country who have left their vehicles in garages until quarantine conditions are lifted. Jhun has put a ‘Family Use – Private’ sign on…
-
Promoting social investments: Ateneo and SEDPI conducts training of trainers for social investors
Ateneo and SEDPI reached another milestone in their partnership with the implementation of a training of trainers program that aims to develop trainers to promote social investments. Social investments are investments that generate profits as well as social and environmental gains. The training of trainers for social investors was held in different major cities around…
-
Amplifying SEDPI’s practice: 2019 media highlights
In 2019, SEDPI, with the leadership of its founder and president Vince Rapisura, further enhanced its brand as the premier capacity builder in the fields of social entrepreneurship, microfinance and financial literacy in the Philippines. Apart from the organization’s social media page and video blog, #UsapangPera, the organization was able to reach hundreds of thousands…
-
SEDPI pioneers impact investing fora in 9 countries
“I found Vince Rapisura on Facebook and he constantly discusses being a social investor. Through him, I learned that investing can create more value than just mere profit. We can select investments that have a conscious goal of making a positive impact on society,” said a social investor in an online forum. Impact investing are…