{"id":494,"date":"2010-10-14T14:18:11","date_gmt":"2010-10-14T14:18:11","guid":{"rendered":"http:\/\/sedpi.com\/?p=494"},"modified":"2010-10-14T14:18:11","modified_gmt":"2010-10-14T14:18:11","slug":"sedpi-conducts-financial-literacy-trainings-for-ofws-in-10-countries","status":"publish","type":"post","link":"https:\/\/sedpi.com\/en\/sedpi-conducts-financial-literacy-trainings-for-ofws-in-10-countries\/","title":{"rendered":"SEDPI Conducts Financial Literacy Trainings for OFWs in 10 Countries"},"content":{"rendered":"<p>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.<\/p>\n<p>Rhoda Amodia, 36 years old and a domestic helper in Rome, Italy expressed, \u201cFor the first time, I was able to go home to the Philippines without spending all my savings and income. Thanks to the training conducted by SEDPI.\u201d Rhoda first attended the financial literacy training in February 2009 and has applied what she learned since. Ariel Centeno, 29, an architect working in Dubai, was able to use his savings when he got laid off due to the global financial crisis. He has found a better job in Dubai since. Corine de los Reyes, planned to work for one last year in Amsterdam before she retires in the Philippines. She cried during the financial literacy training when she found out that it would take her close to five years to attain the retirement fund she needs. Tita Coring, as she is fondly called, actively saved and invested and is right on target for her target retirement.<\/p>\n<p>These are just three of the many positive stories of OFWs who attended SEDPI\u2019s trainings on financial literacy. The training provides practical advice and true to life applications on establishing savings discipline, debt management, setting financial goals, spending and differentiating needs from wants. During the training, skilled facilitators provide animated advice on how OFWs should communicate their financial plans to their family members back home and gain commitment to the financial plan at the same time.<\/p>\n<p>Vincent Rapisura, SEDPI\u2019s President and CEO jolts OFW participants when he delivers his opening statements, \u201cIf your family members in the Philippines treat your remittance as permanent, it only means one thing. They do not want you back in the Philippines.\u201d He then proceeds to deliver the training in an animated and entertaining fashion that both strikes the minds and shakes the core of the migrants\u2019 emotions.<\/p>\n<p>SEDPI implemented the financial literacy course in partnership with Cordaid. It also forged strategic partnerships with Stichting Habagat in the Netherlands and OFSPES in Italy to promote finance education and investments in the Philippines among Filipino migrants. SEDPI links with Philippine embassies abroad to engage them in this advocacy.<\/p>\n<p>SEDPI\u2019s financing arm, SEDPI Capital Credit, Inc. (SCCI) was able to facilitate close to eight million pesos (PhP8,000,000) worth of socially responsible investments from Overseas Filipinos. These were invested to Microfinance Institutions all over the Philippines to emphasize the developmental nature of the investments.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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. Rhoda Amodia, 36 years old and a domestic helper in Rome, Italy expressed, \u201cFor [&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-494","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>SEDPI Conducts Financial Literacy Trainings for OFWs in 10 Countries - 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\/sedpi-conducts-financial-literacy-trainings-for-ofws-in-10-countries\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SEDPI Conducts Financial Literacy Trainings for OFWs in 10 Countries - Social Enterprise Development Partnerships, Inc.\" \/>\n<meta property=\"og:description\" content=\"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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Yung pagbibigay pala ng sobra-sobra sa Pilipinas mali pala,\u201d says Ms. Analou Gamutan. (I learned a lot. I learned that giving too much remittances in the Philippines is wrong.) Analou is one of the 96 students of the Leadership and Social Entrepreneurship (LSE) Program for Overseas Filipino\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":478,"url":"https:\/\/sedpi.com\/en\/sedpi-trains-106-ofws-on-financial-literacy\/","url_meta":{"origin":494,"position":1},"title":"SEDPI Trains 106 OFWs on Financial Literacy","author":"Mariel Vincent Rapisura","date":"February 6, 2011","format":false,"excerpt":"Last February, SEDPI conducted five financial literacy trainings in Switzerland and Italy. SEDPI\u2019s President-CEO Vincent Rapisura and Chairman Edwin Salonga conducted the trainings. A total of 106 OFWs attended the training. The training was made possible through the support of Pilipinas-OFSPES in Italy and Samahang Pilipina in Switzerland. According to\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":4001,"url":"https:\/\/sedpi.com\/en\/learning-wealth-sedpi-provides-financial-literacy-thousands-filipinos-abroad\/","url_meta":{"origin":494,"position":2},"title":"(L)earning Wealth: SEDPI provides financial literacy to thousands of Filipinos here and abroad","author":"Emilenn Kate Sacdalan-Pate\u00f1o","date":"February 18, 2020","format":false,"excerpt":"\u201cAng pagyaman, napag-aaralan.\u201d This has been the statement which reverberates in the minds and hearts of every Filipino who underwent SEDPI\u2019s financial literacy training. Vince Rapisura, president of SEDPI, is slowly becoming well-known as a financial guru helping Filipinos, in and out of the country, manage their money better. In\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":652,"url":"https:\/\/sedpi.com\/en\/1383-students-trained-on-financial-literacy\/","url_meta":{"origin":494,"position":3},"title":"1,383 Students Trained on Financial Literacy","author":"Mariel Vincent Rapisura","date":"June 20, 2014","format":false,"excerpt":"Now on its third year, SEDPI trained students of Sisters of Mary Schools (SMS) Boystown and Girlstown. The trainings were held in the campuses of SMS on June 20, 2014. There were 456 male students and 927 female students who attended the financial literacy trainings. To date, almost 4,000 SMS\u2026","rel":"","context":"In &quot;Financial Literacy&quot;","block_context":{"text":"Financial Literacy","link":"https:\/\/sedpi.com\/en\/category\/financial-literacy\/"},"img":{"alt_text":"sms_logo","src":"https:\/\/i0.wp.com\/sedpi.com\/wp-content\/uploads\/2015\/01\/sms_logo.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":496,"url":"https:\/\/sedpi.com\/en\/sedpi-launches-online-financial-literacy-course-for-migrants\/","url_meta":{"origin":494,"position":4},"title":"SEDPI Launches Online Financial Literacy Course for Migrants","author":"Mariel Vincent Rapisura","date":"September 12, 2010","format":false,"excerpt":"One of the main challenges that Overseas Filipino Workers (OFWs) face is personal financial management. Most of them do not have emergency savings, insurance, over-indebted and low investment. This condition prompted the Social Enterprise Development Partnerships, Inc. (SEDPI) to develop financial literacy programs. 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