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).
KWEG
INLANKA

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

Objective/Project Target/Output (stats)

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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