{"id":552,"date":"2007-11-06T23:34:32","date_gmt":"2007-11-06T23:34:32","guid":{"rendered":"http:\/\/sedpi.com\/?p=552"},"modified":"2007-11-06T23:34:32","modified_gmt":"2007-11-06T23:34:32","slug":"ardci-posts-net-income-for-the-first-time","status":"publish","type":"post","link":"https:\/\/sedpi.com\/en\/ardci-posts-net-income-for-the-first-time\/","title":{"rendered":"ARDCI Posts Net Income for the First Time"},"content":{"rendered":"<p>The Agricultural and Rural Development for Catanduanes, Inc. (ARDCI) is a non-government organization operating a microfinance project. It received funding from the Eurpoean Union until 2002. The organization operates in the provinces of Albay, Catanduanes, Camarines Sur and Sorsogon. It envisions itself as a sustainable institution for the economic empowerment of the enterprising poor in Bicol and beyond.<\/p>\n<p>ARDCI is a typical NGO facing the challenge of financial sustainability. In the last four years, it has posted net losses in its books. As an organization governed by members coming from the grassroots, it strives to achieve financial sustainability and at the same time diligently keep its social mission on track.<\/p>\n<p>ARDCI formed partnership with SEDPI at a time when all of its partners seemingly turned their backs on them. With the partnership and in a span of eleven months, ARDCI was able to turn around its operations and posted positive income, as of November 2007, for the first time in five years.<\/p>\n<p>The road to turning ARDCI around entailed a lot of sacrifices and constructive changes. Thanks to its committed top management and front liners, everyone willingly participated in bringing back the glory of ARDCI.<\/p>\n<p>SEDPI revamped the entire information system, retooled the staff and re-trained the board. The flow of communications was enhanced and internal control strengthened. What used to be reports arriving three months late could now be accessed within a week with high degree of accuracy. What used to be a continuously deteriorating portfolio quality now boasts 5.25% portfolio at risk.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Agricultural and Rural Development for Catanduanes, Inc. (ARDCI) is a non-government organization operating a microfinance project. It received funding from the Eurpoean Union until 2002. The organization operates in the provinces of Albay, Catanduanes, Camarines Sur and Sorsogon. It envisions itself as a sustainable institution for the economic empowerment of the enterprising poor in [&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":[2],"tags":[],"class_list":["post-552","post","type-post","status-publish","format-standard","hentry","category-microfinance"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>ARDCI Posts Net Income for the First Time - 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\/ardci-posts-net-income-for-the-first-time\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ARDCI Posts Net Income for the First Time - Social Enterprise Development Partnerships, Inc.\" \/>\n<meta property=\"og:description\" content=\"The Agricultural and Rural Development for Catanduanes, Inc. (ARDCI) is a non-government organization operating a microfinance project. It received funding from the Eurpoean Union until 2002. The organization operates in the provinces of Albay, Catanduanes, Camarines Sur and Sorsogon. 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The course aims to provide metrics that could\u2026","rel":"","context":"In &quot;Microfinance&quot;","block_context":{"text":"Microfinance","link":"https:\/\/sedpi.com\/en\/category\/microfinance\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":282,"url":"https:\/\/sedpi.com\/en\/pdtf-renews-accreditation-of-sedpi\/","url_meta":{"origin":552,"position":3},"title":"PDTF Renews Accreditation of SEDPI","author":"Mariel Vincent Rapisura","date":"March 10, 2012","format":false,"excerpt":"The People\u2019s Development Trust Fund renewed its accreditation to the Social Enterprise Development Partnerships, Inc. (SEDPI) as a service provider effective for two years. This is the third renewal of SEDPI as a service provider since 2008. 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People\u2019s Credit and Finance Corporation (PCFC) is mandated\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":560,"url":"https:\/\/sedpi.com\/en\/reaching-more-mfis-with-pcfc\/","url_meta":{"origin":552,"position":5},"title":"Reaching More MFIs with PCFC","author":"Mariel Vincent Rapisura","date":"August 7, 2007","format":false,"excerpt":"Being one the major microfinance wholesalers in the country, the Philippine Credit and Finance Corporation, familiarly known as PCFC, aims to (vision\/outreach). It differentiates itself from other wholesaling institutions by providing regular trainings to its microfinance clients. 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