{"id":237,"date":"2012-05-26T12:15:01","date_gmt":"2012-05-26T12:15:01","guid":{"rendered":"http:\/\/sedpi.com\/?p=237"},"modified":"2012-05-26T12:15:01","modified_gmt":"2012-05-26T12:15:01","slug":"ofws-from-bern-switzerland-use-paluwagan-to-invest","status":"publish","type":"post","link":"https:\/\/sedpi.com\/en\/ofws-from-bern-switzerland-use-paluwagan-to-invest\/","title":{"rendered":"OFWs from Bern, Switzerland use \u201cPaluwagan\u201d to Invest"},"content":{"rendered":"<p>SEDPI\u2019s President and CEO, Mariel Vincent Rapisura, trained 18 Overseas Filipino Workers in Bern, Switzerland on May 26, 2012. Samahang Pilipina in Switzerland organized the training on Financial Literacy for Remittance Senders. The training aims to identify the current financial status of the participants; define their financial goals and provide suggestions on how to attain their financial dreams.<\/p>\n<p>At the end of the session, SEDPI Capital Credit, Inc.\u2019s (SCCI) Sustainable Investment Fund (SIF) was introduced. The SIF aims to mobilize socially responsible investments from migrants that SCCI will use to fund microfinance institutions and social enterprises in the Philippines. It is an alternative investment platform made available to migrants. SIF gives a return of 7.5% to investors with a term of one year. To date, SCCI has mobilized approximately PhP12 million SIF that are invested in 11 microfinance institutions and 12 social enterprises reaching an estimated 500,000 poor households in the Philippines.<\/p>\n<p>The participants in Bern, Switzerland were inspired of the SIF and took it upon themselves to be proactive and invest in SCCI. Ms. Maria Teresa Eviota, President of Samahang Pilipina, initiated to use \u201cpaluwagan\u201d to enable them to invest. Paluwagan is a rotating savings and credit scheme widely used in the Philippines. Each participant in the paluwagan will contribute CHF120 every month. The total amount collected will then be used to invest in SCCI assigned to a particular person. There are 12 participants in the scheme. \u201cThis is our way to enable us to invest because it is easy and affordable for the members,\u201d explains Ms. Eviota.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SEDPI\u2019s President and CEO, Mariel Vincent Rapisura, trained 18 Overseas Filipino Workers in Bern, Switzerland on May 26, 2012. Samahang Pilipina in Switzerland organized the training on Financial Literacy for Remittance Senders. The training aims to identify the current financial status of the participants; define their financial goals and provide suggestions on how to attain [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"enabled":false},"version":2}},"categories":[4],"tags":[],"class_list":["post-237","post","type-post","status-publish","format-standard","hentry","category-financial-literacy"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>OFWs from Bern, Switzerland use \u201cPaluwagan\u201d to Invest - Social Enterprise Development Partnerships, Inc.<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sedpi.com\/en\/ofws-from-bern-switzerland-use-paluwagan-to-invest\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"OFWs from Bern, Switzerland use \u201cPaluwagan\u201d to Invest - Social Enterprise Development Partnerships, Inc.\" \/>\n<meta property=\"og:description\" content=\"SEDPI\u2019s President and CEO, Mariel Vincent Rapisura, trained 18 Overseas Filipino Workers in Bern, Switzerland on May 26, 2012. 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When Overseas Filipinos\u2026","rel":"","context":"In &quot;Financial Literacy&quot;","block_context":{"text":"Financial Literacy","link":"https:\/\/sedpi.com\/en\/category\/financial-literacy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":494,"url":"https:\/\/sedpi.com\/en\/sedpi-conducts-financial-literacy-trainings-for-ofws-in-10-countries\/","url_meta":{"origin":237,"position":5},"title":"SEDPI Conducts Financial Literacy Trainings for OFWs in 10 Countries","author":"Mariel Vincent Rapisura","date":"October 14, 2010","format":false,"excerpt":"The Social Enterprise Development Partnerships, Inc. (SEDPI) successfully completed training 1,145 Overseas Filipino Workers on financial literacy for remittance senders. The trainings were held in the Netherlands, Italy, Germany, Singapore, Hong Kong, Belgium, Denmark, Luxembourg, Austria and the United Arab Emirates. 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