Nearly 20 years ago, Veronica Garcia used to hawk sili, kamias, sampalok and other spices in a pushcart. As her husband was not earning enough as taho and binatog vendor, she decided to start selling vegetables and other goods as well. Her sister, who had her own car, helped her buy products in Divisoria, Urdaneta, Pangasinan, and other provinces.
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THE Citibank N.A. Philippine Branch (Citi PHL) announced it has extended a $20-million loan (nearly P1.1 billion at current exchange rates), to ASA Philippines Foundation Inc. to help support women entrepreneurs.
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According to a White House fact sheet dated Nov. 21, the US International Development Finance Corporation will provide a USD15.5 million loan guarantee through a framework agreement with Citibank to support ASA Philippines Foundation, a microfinance institution helping women entrepreneurs access capital and contribute to economic growth in the Philippines.
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Credit support for low-income women entrepreneurs across the country got a boost as ASA Philippines Foundation obtained from Citi Philippines about P1 billion or $20 million funding for its microfinance projects.
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US Ambassador Carlson discussed the rapid revival of US-PH ties under the Marcos Administration and how this was projected to improve trade and investment, national and regional security, and progress on the Indo-Pacific Economic Framework.
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The ASA Philippines Foundation, a non-profit prganisation, secured a US$20 million loan (over PHP 1 billion) from Citi Philippines to provide financial assistance to low-income women for entrepreneurial ventures in the country.
This loan aims to support nearly 70,000 female entrepreneurs in the Philippines.
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P&A Grant Thornton CEO and Chairperson Marivic Españo moderated the afternoon panel discussion on “Addressing Challenges for the Sustainable Path to Water Security for the Philippines” conference. The event was held on September 20 at Fairmont Hotel and was organized by Water.org in partnership with FINEX, MAP, and ACCRALAW. Speakers at the conference shared insights on the importance, challenges, opportunities, and initiatives to improve water security. They emphasized that water is a critical finite resource that requires integrated plans, investment, regulation, and action as part of a sustainable future.
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ADB partnered with ASA Philippines to help poor communities in the Philippines in recovering from the crisis, particularly in lagging and conflict-affected provinces.
Here is the story of Noraisa Decampong, an ASA Philippines client from Marawi City who was displaced in 2017.
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MANILA, Philippines—A subset of Islamic banking in the Philippines that specializes in microfinance lending has widened its footprint in Muslim majority provinces of the country, but can benefit more stakeholders with policy support by national government agencies, according to its proponents.
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Mushroom na lasang manok? Asukal na galing sa niyog?
Ito ang mga produkto ng Coco Deli, isang lokal na organikong pagawaan ng pagkain na nakabase sa Candelaria. Ito ay itinatag ng isa sa ating mga nanay, si Rosanna Sinapilo. Siya at ang kanyang asawa ay ginawaran ng parangal ng maraming beses para sa kanilang mga makabago at natatanging mga produkto.
Sa nakaraang "Citi Microentrepreurship Awards (CMA) 2019" sila ay nakatanggap ng special awards for micro agri-business.
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Para masiguradong safe and ready, buksan ang store base sa official government protocols. Alamin ang lahat ng detalye at mag-comply sa pamahalaan. Kung kaya, mag-offer ng CASHLESS PAYMENTS para maiwasan ang human contact sa palitan ng pera. Puwedeng gumamit ng online payment or bank transfers. Payuhan ang customer na magbaon ng sariling take-out bags. Para ma-enforce ang CONTACTLESS TRANSACTION,
huwag direktang iabot ang items sa customer. Maaari muna itong ibalot sa isang inner bag at saka ilapag sa counter para kunin ng customer at ilagay sa kanilang take-out bags.
Panatilihin ang SOCIAL DISTANCE between you and your customer.
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Laging linisin ang buong tindahan, kasama ang storage, transaction, at cooking area. Magtakda ng lugar sa tindahan para sa pagtanggap products from suppliers at paglalagyan ng bagong-biling supplies. Siguraduhing i-sanitize ang mga bagong items na ipapasok sa tindahan. Lahat ng kagamitan at equipment na pumapasok sa
tindahan ay dapat i-sanitize nang maayos. Dapat ay lagi ding linisan ang cooking area. Kasama dito ang paglilinis ng pinaglutuan, gamit pangluto, mga plato,
kubyertos, at baso. Lutuin nang mabuti sa high temperature ang mga food ingredients. Iwasang mag-serve ng kahit anong hilaw na
pagkain. Iwasan na ang mag-display ng pagkain. I-store ang nalutong pagkain sa malinis na lalagyan at siguraduhing natatakpan ito nang mabuti. A clean store is a safe store!
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Protect yourself and the people around you for a SUCCESSFUL re-opening! Siguraduhin na may social distance ang mga mamimili na at least 1 METER, o kasinghaba ng braso. Siguraduhing laging malinis ang mga kamay! Ugaliing maghugas with soap and water at maghugas pagkatapos lumabas, mamili, kumain, at makipag-usap sa ibang tao. Tuwing lalabas para mamili, cover your nose and mouth gamit ang face mask para hindi makahawa o mahawa sa infection. Iwasan ding hawakan ang mask habang suot ito.
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BUKAS NA PO KAMI MGA SUKI!Safe and ready to operate based on guidelines from official government announcements.Siguraduhing laging MALINIS ANG MGA KAMAY! Wash your hands frequently with soap and water for at least 20 seconds. Kapag hindi kayang maghugas ng kamay, gumamit ng ALCOHOL-BASED SANITIZERS na may at least 60% alcohol.
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Microfinance institution and non-government organization (MFI-NGO) ASA Philippines Foundation has received the first tranche of the credit facility from the Asian Development Bank (ADB) amounting to USD10 million
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Background: ASA Philippines Foundation is a not-for-profit organization devoted to helping an increasing number of poor Filipino families rise out of poverty by providing micro-finance to help them establish or improve their own micro-enterprises.
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The model for microfinance Is ASA Philippines. In 15 years, they have been lending P21 billion to 1.9 milion borrowers for a yearly total of P60 billion.
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IN a Cagayan de Oro village named after the known home of Jesus Christ are two young people who have found a sense of purpose in life working with a microfinance group.
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Whether they may be Muslims or Christians, micro entrepreneurs remain vital cogs in the economy because they contribute to economic inclusivity.
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MANILA (August 21, 2019) — It has been four years since Kamrul Tarafder, President and CEO of ASA Philippines Foundation, a major microfinance nongovernmental organization, first attended the Asia-Pacific Housing Forum and his organization continues to reap the benefits.
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On the 15th anniversary of the founding of ASA Foundation – a micro-finance NGO, the organizers departed from the usual recognition program and, instead, paid tribute to their unsung heroes – the “Nanays” (mothers), the core of their clients.
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More than 20 percent of Filipinos live below the poverty line, according to the International Fund for Agricultural Development, a specialized UN agency tasked to eradicate poverty and hunger in developing countries.
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With a network of 1,150 branches as of end of 2018, this micro-finance foundation covers about 82 provinces serving over a million borrowers in 25,239 barangays . As of year in review, they have disbursed more than P190 billion in micro loans since it was founded way back in July, 2004.
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SMALL banks and microfinance institutions (MFIs) in the Philippines are realizing the importance of digital technology to achieve higher degree of operational efficiencies, and are seeking to offer more services to the unbanked and underserved portion of the country’s over 100 million population.
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In the southern island of Mindanao, nestled by the shores of Lake Lanao, lies the Islamic City of Marawi. At an elevation of 700 meters or 2,300 feet, it has a cooler climate compared to most other areas in the Philippines.
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Small banks and microfinance organizations in the Philippines are slowly moving into digital technology as they pursue operational efficiencies while seeking to offer more services to the unbanked and underserved portion of the country’s over 100 million population.
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ASA Philippines Foundation just needed seed capital to start its operations. Though it is unconventional, the Foundation has subsequently politely declined all offers of grant funding. The program it has designed is sustainable
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DIIT, AGUTAYA, Palawan —After being “in the dark” most of their lives, 120 households in the island of Diit, a barangay of Agutaya town northeast of Palawan province, began enjoying power from the sun last August, thanks to the free solar power systems provided by microfinance foundation ASA Philippines.
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