Stories tagged with Philippines

Feb 2, 2011 PH Philippines

Social performance management (SPM) has become an increasingly important topic in the microfinance sector – concerned donors, funders, and individuals alike have been paying close attention to how microfinance institutions (MFIs) balance their financial and social goals. In order to get clients’ perspectives, our team at Community Economic Ventures, Inc. (CEVI) conducted focus group discussions (FGDs) with members across the 5 CEVI branches in the province of Bohol.

We developed interview guides/modules based on the CERISE SPI tool – creating questions and group...

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Jan 1, 2011 ID Indonesia

If you asked me what I have learned about microfinance during my Kiva Fellowship, I wouldn’t know where to start. I have learned that running a social business comes with its share of challenges. I have learned that technology will pave new ways for the future of microfinance. I have learned that the best microfinance organizations have their clients at the heart of all their activities. I could go on and on about my impressions of microfinance from the last six months…but in my final blog post, I will spare you. Instead, below I share with you my 5 favorite images (from the 1,667 photos I...

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Jan 1, 2011 PH Philippines

Since arriving in the Philippines in early November, just in time for the holiday season, I have been to my fair share of parties. None of them, however, quite compare to the event I attended this past weekend in Cauayan, as the Project Dungganon 1 branch office here celebrated its 21st annual Foundation Day 2.

The festivities kicked off with a Catholic Mass at 8.30 AM, and continued until 3.30 pm in the afternoon. The event was like no other – a hybrid of a party/annual meeting/talent show for all client-members of the Cauayan branch. NWTF’s directors travelled to Cauayan to take...

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Jan 1, 2011 PH Philippines

Dream big. Do you want to pay for your daughter’s university education? Do you want to throw a celebration for your son’s wedding? Do you want to make significant improvements to your house? Even if you are poor, these dreams can be possible through financial planning.

Noel, of the Client Services department, welcomes Dungganon members to the workshop

This week, I had the opportunity to take part in a two-day workshop for Project Dungganon* members on wealth management and savings generation – where clients were encouraged to think of future goals and how...

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Dec 12, 2010 PH Philippines
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In our first week as Kiva trainees we were taught that microloans are not intended for the very poorest of the poor. Microfinance institutions target the unbankable poor, those who can benefit from a loan for an income-generating activity. There is another level of poverty below that, those who need emergency help for basic human needs. Many MFIs develop alternative services for this segment of the population. At...

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Dec 12, 2010 PH Philippines

Singing and videoke are a large part of the Filipino culture, as I have discovered over the past month and a half while working here. In my first week at the Negros Women for Tomorrow Foundation (NWTF), I was taken out by staff members to a nearby lounge – and being my first time there (as with all new patrons), was invited on to the stage to sing with the live band. Let’s just say my rendition of “California Gurls” does not quite compare to Katy Perry’s.

Since that first week, some of my most memorable experiences have involved videoke and singing, and I’d like to share a few of...

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Nov 11, 2010 PH Philippines

Today, in the wee hours of the morning, American shoppers queued up outside their favorite stores, waiting anxiously to get the holiday season’s best deals. As Black Friday, the day after Thanksgiving, marks the beginning of the holiday shopping season in the USA, and is one of the most highly-trafficked days of the year for U.S. malls….I also found myself at the mall this Friday…though this mall was in the Philippines.

Clients' products on display at the store NWTF has set up...

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Nov 11, 2010 UG Uganda

Anna Cleal, KF13, Kampala, Uganda

These words were inspired by a recent conversation I had with a Ugandan man who had spent 10 years of his life living and working in the UK.  He left shocked over the lack of community, how you couldn’t just talk to a stranger on the streets like in Uganda, and how people would refuse to acknowledge someone sitting next to them on the subway.  ”They all just want their space!” he exclaimed mortified. He looked at his watch and said; “and it’s all about time.”

Here I seek to compile a list of my...

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Nov 11, 2010 PH Philippines

In the U.S., there is a great deal of concern about hidden fees from financial service providers. “Read the fine print!” we are warned, because this is where fees and special conditions hide.

In a small village in Antique Province in the Philippines, I witnessed an entirely different approach. I accompanied staff from Ahon sa Hirap (ASHI) for the training of a new member. Potential borrowers are required to attend several days of training on interest rates, the different types and levels of loans, and the mechanics of group lending in...

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Nov 11, 2010 PH Philippines

At a busy center[1] meeting, a woman waits, among 50 other women, for her turn to meet with her loan officer and make a weekly loan repayment. In a different village in the Philippines, one woman collects repayments from her 50 other center members, then travels the distance to the nearest commercial center to make the weekly repayment for the entire group at a bank. Now, imagine a scenario where a borrower can simply go to a retailer in her village and make her loan repayment by text message. Sound interesting?

In a rural area served by NWTF – where mobile banking could...

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