Philippines
Location: Marikina and Leyte Disctricts
Education and Economic Empowerment, ChildLink
Achieve financial literacy for families and establish Community Managed Savings and Credit Association (COMSCA).
PARTNER: Vineyard

The Philippines, in southeast Asia, is made up of 7,107 islands.
21.6% of the population falls below the national poverty line.

In 2015, a family of five needed at least 6,329 PHP ($173 AUD) every month to meet basic food needs and at least 9,064 PHP ($247 AUD) every month to meet those and non-food needs. Three out of five families whose heads did not attend school are poor, resulted in a high unemployment rate,
reaching 6.3%.

Goal of the Project

Vineyard is currently transitioning from a service delivery to a community development approach to make a bigger impact. Critical approaches include financial literacy for families and Community Managed Savings and Credit Association (COMSCA). COMSCA’s primary purpose is to provide simple savings and loan facilities in a community that does not have access to formal financial services. CoMSCA also creates local pools of capital, providing access to useful lump sums:

  • To meet predictable expenses
  • To reduce shocks to vulnerable livelihoods
  • To facilitate household cash-flow management
  • To make short-term investments in Income Generating Activities

Project Outcomes:

Key outcomes will include:

  • 630 Linked children provided with school assistance. Their academic performance and completion rates improve
  • 45 parents or community volunteers are trained in order to promote the well-being of children
  • 10 new COMSCA groups, with 250 members from Linked and non-Linked families are formed every year. Their access to financial education and savings is increased

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