Empowering migrant laborers to save and invest remittances in microenterprises that create jobs and local opportunities, such as processing of coconut husks as marketable, commercial goods.
What is the issue, problem, or challenge?
Over 7.5 million Filipino migrants work overseas because of lack of local opportunities. In 2003, they sent $7.9 billion in remittances to their families for basic needs and personal consumption. Unlad helps to channel remittances and manage sustainable projects like coco coir production, a waste by-product of coconuts. There are numerous commercial uses like geo-textiles, planters, peet and soil. This will benefit a population of 446,191 in Davao Oriental with a poverty rate of 62%.
How will this project solve this problem?
Unlad conducts feasibility analysis and planning, facilitates technology and knowledge transfer, installs and maintains management and financial systems, assists in R&D, and conducts social and economic impact study.
Potential Long Term Impact
One plant with production capacity of 5 tons of coir fiber per day will produce: $17,727 per year (income from husk), $184,364 per year (gross income from fiber), 28 full time jobs, 21 contractual jobs, and 50 women final good producers.
This project has been retired and is no longer accepting donations.