Help Vendors Climb Out of Debt in the Philippines

by Innovations for Poverty Action
Jun 14, 2012

One last update from Cagayan de Oro

A warm thank you to all our donors to help us reach our funding goal. Your support has been influential in making this project possible!

Since last year, we were able to pay off the debts of over 400 vendors worth a total of more than $25,000.  We were also able to offer free savings accounts to more than 200 of these vendors to encourage them to save and avoid falling back into debt.  Finally, we have been conducting a series of follow-up surveys that will continue in the coming months to help measure the impact of our debt payoff and savings effort as well as to inform us about other needs of this group of entrepreneurs.

Again, projects like these would not be possible without your generous support so thank you once again for helping make a difference in the lives of the vendors of Cagayan de Oro, Philippines.

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Organization Information

Innovations for Poverty Action

Location: New Haven, CT - USA
Website: http:/​/​www.poverty-action.org
Innovations for Poverty Action
Project Leader:
Heidi McAnnally-Linz
New Haven, CT United States

Funded Project!

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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