{"id":427,"date":"2013-11-06T03:58:15","date_gmt":"2013-11-06T03:58:15","guid":{"rendered":"http:\/\/sedpi.com\/?p=427"},"modified":"2013-11-06T03:58:15","modified_gmt":"2013-11-06T03:58:15","slug":"the-new-frontier-linking-microfinance-and-remittances","status":"publish","type":"post","link":"https:\/\/sedpi.com\/en\/the-new-frontier-linking-microfinance-and-remittances\/","title":{"rendered":"The New Frontier: Linking Microfinance and Remittances"},"content":{"rendered":"<p>There is a natural strategic link between microfinance and remittances. Research data show that 40% of total remittances go to the rural areas where MFIs are present. However, most MFIs fail to recognize the opportunity in remittances as one of the means to achieve financial sustainability and social mission. Remittances as a fee-based product offer the opportunity to MFIs to achieve financial goals. At the same time, money from poor migrants in host countries send remittances to even poorer households in their countries of origin. MFIs could offer remittance receivers the opportunity to leverage remittances with pro-poor financial products, thus achieving their social mission. The course will present different remittance operations models where MFIs could participate. It will outline the advantages and disadvantages of the different remittance operations models as well as tools on how to negotiate with money transfer operators. The course will also provide guidelines for microfinance institutions on how to develop pro-poor financial products that are linked to remittances.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>There is a natural strategic link between microfinance and remittances. Research data show that 40% of total remittances go to the rural areas where MFIs are present. However, most MFIs fail to recognize the opportunity in remittances as one of the means to achieve financial sustainability and social mission. Remittances as a fee-based product offer [&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":[1],"tags":[],"class_list":["post-427","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The New Frontier: Linking Microfinance and Remittances - 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\/the-new-frontier-linking-microfinance-and-remittances\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The New Frontier: Linking Microfinance and Remittances - Social Enterprise Development Partnerships, Inc.\" \/>\n<meta property=\"og:description\" content=\"There is a natural strategic link between microfinance and remittances. Research data show that 40% of total remittances go to the rural areas where MFIs are present. However, most MFIs fail to recognize the opportunity in remittances as one of the means to achieve financial sustainability and social mission. 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This year\u2019s summit was held on November 14 to 17 in Valladolid, Spain. It focused on sharing best practices and reviewing the progress of efforts to attain\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":538,"url":"https:\/\/sedpi.com\/en\/linking-up-with-cordaid\/","url_meta":{"origin":427,"position":1},"title":"Linking Up with CORDAID","author":"Mariel Vincent Rapisura","date":"October 6, 2008","format":false,"excerpt":"SEDPI and SCCI have signed cooperation agreements with Cordaid, one of the largest NGOs in the Netherlands. The SEDPI-Cordaid partnership has four components: l The Capacity Building for Small and Emerging Microfinance Institutions\u00a0seeks to improve the financial performance and organizational sustainability of small and emerging MFIs. Participating MFIs will be\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":530,"url":"https:\/\/sedpi.com\/en\/scci-inks-cooperation-with-cordaid-on-remittances\/","url_meta":{"origin":427,"position":2},"title":"SCCI Inks Cooperation with Cordaid on Remittances","author":"Mariel Vincent Rapisura","date":"December 6, 2008","format":false,"excerpt":"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. 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Over 400 delegates from the private sector, civil society, and policymakers\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":492,"url":"https:\/\/sedpi.com\/en\/588-remittance-receivers-trained-all-over-the-philippines\/","url_meta":{"origin":427,"position":4},"title":"588 Remittance Receivers Trained all Over the Philippines","author":"Mariel Vincent Rapisura","date":"October 11, 2010","format":false,"excerpt":"\u201cI will start saving a portion of remittance once I receive it. I will no longer access loans from 5-6\u201d These were Rosita Sawitan\u2019s realizations upon attending SEDPI\u2019s training on financial literacy for remittance receivers. Rosita is a 45 year old housewife who lives in Claveria, Misamis Oriental. Her daughter\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":504,"url":"https:\/\/sedpi.com\/en\/sedpi-conducts-training-to-ofws-in-germany-italy-and-netherlands\/","url_meta":{"origin":427,"position":5},"title":"SEDPI Conducts Training to OFWs in Germany, Italy and Netherlands","author":"Mariel Vincent Rapisura","date":"January 31, 2009","format":false,"excerpt":"A total of five training events on Financial Literacy for Remittance Senders were conducted in Europe from January 31 to February 8, 2009. In partnership with Stichting-Habagat, SEDPI was able to conduct three training events in the Netherlands - The Hague, Limburg and Utrecht. 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