Banks, informal groups and micro finance institutions provides loans for enterprising poor families and the most vulnerable families are left hanging due to the absence of collaterals or the technical capacities to run a home-based enterprise. Access to capital is not enough to succeed without practical trainings towards family economic growth.
To elevate this, entrepreneurial poor needs resources, and technical supports to break the cycle of poverty with focused assistance.
Work, for every family means increase income that translates to food, education, health care and asset creation. Economic Development of World Vision in the Philippines upholds the integrated, holistic development rooted in the description of Jesus’ as a child in Luke 2:52.
WVDF believes that in order to enable the poorest of the poor families to meet their needs, a holistic and effective economic development intervention is of utmost importance.
Having a vegetable plantation may sound like a promising source of income especially for somebody living in the province. But if you have to go downhill, cross a river, and walk the steep riverbanks all the way to your plantation to earn at least PhP 800 per month, will you still think of it as promising? Miriam, a mother of five in Zambales, does not have to think twice in saying it is all worth it.
Marketing Management Consulting, Trade Fairs & E-Market Development. Building Christian home identity with local products and values talks about market-driven approaches for locally-made products that translate to improved capacities of parents and caregivers to provide children’s needs. Market, being the lifeblood of any enterprise will play a vital role to sustain the production and distribution of the local products.
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Community Managed Savings and Credit Association (CoMSCA)
A community savings and lending approach that allows self-selected group of 10-25 to save weekly or monthly. All funds are kept in locked box and transactions take place in front of all members. When funds attain sufficient amount, members can borrow. At the end of each cycle (12 months), all the money saved returns to the members including earning from borrowings and starts anew. Groups can create insurance or social funds for the benefit of members and community.
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Primary and National Cooperative Formation
A duly registered association of persons with a common bond of interest who have voluntarily joined together to achieve a lawful common social or economic end, making equitable contributions to the capital. Individual and groups members pool money, human resources and talent to build capital and work together to produce more goods and raise incomes. Members can mobilize their capital or look for other sources of loans at low interest rates. This will also be a mechanism for marketing of farmers’ and fishers’ produce.
Business Coaching and Practical Trainings. Trainings include accounting, feasibility studies, value chain analysis, natural/organic farming technology, livestock and poultry development, sustainable fishing development, job referrals, product development, management and marketing.
Food for Education with Agricultural Development and Sustainability (FORWARD) aims to provide and improve food security to families served and increase the capacities of children, families and communities in food security. Food security and agriculture means food availability, food accessibility, food utilization and asset creation. The lack of food is the most basic form of physical poverty that led to poor health and school drop-outs. In order to obtain food for families and children, households must have a regular and consistent livelihood, diversified livelihood, and good household habits.
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