In its 2016 Human Development Report, the United Nations Development Program already predicted that “Progress in human development can stagnate or even be reversed if threatened by shocks from environmental degradation, climate change, natural disasters, global epidemics and conflicts. Vulnerable and marginalized groups—those already left out—are the major victims.
In a rapid assessment conducted last March 2020, Microfinance Council of the Philippines, Inc. recorded 9 million unique microentrepreneur clients among 21 MFI members surveyed. To assist these clients, these MFIs have circulated an aggregate micro-loan portfolio of around P60 billion in the poorest urban and rural communities of the country, including capacity building interventions that increase the chances of their clients’ success.
However, these measures appear inadequate. After the Supertyphoon “Yolanda” experience in the Visayas in November 2013, a postdisaster assessment was conducted by the Philippine Business for Social Progress with the CARD, ASA Philippines Foundation Inc., Taytay sa Kauswagan Inc., and Negros Women for Tomorrow Foundation Inc.
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