Microloans to 16 Entrepreneurs in the Philippines

 
$1,060
$0
Raised
Remaining
Apr 1, 2011

Microfinance Rebuilds Lives after Flooding

 

In January, many people in the Philippines were devastated by the effects of relentless flooding. In the aftermath, survivors of this disaster are faced with the overwhelming task of rebuilding their lives. Microfinance empowers families to recover from tragedy and reshape their futures by offering simple solutions such as savings accounts, microloans to rebuild businesses, and the training needed to provide entrepreneurs with the necessary skills to manage a business.
Opportunity currently serves more than 740,000 loan clients through nine institutions covering most of the islands of the Philippines. In 2011, Opportunity is working to raise funds for Opportunity Kauswagan Bank (OK Bank). OK Bank is currently serving 34,000 loan clients and 41,500 savings clients from a number of service locations throughout the country. 

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Funded

Combined with other sources of funding, this project raised enough money to fund the outlined activities and is no longer accepting donations.

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Organization

Project Leader

Emily Engel

Oak Brook, IL United States

Where is this project located?

Map of Microloans to 16 Entrepreneurs in the Philippines