When many people think of the start of the school season, they think of textbooks, playground antics and school projects. But for many poor Filipino families, the start of the school season in June simply means debt. Families who cannot afford to pay for their children's school tuition, books, uniforms and materials for class projects wind up all too often taking out high-interest rate loans of 10% per month or higher.
We've identified market vendors in the city of Cagayan de Oro who depend on debt to make it through this critical time as well as put food on the table and provide medical care for their families throughout the year. Now, we're asking for your help to pay off some of these debts and provide assistance in helping these vendors establish bank accounts and learn more about saving money. In time, we hope that their vending businesses can grow and they can better care for their families. Our project will launch later this year and we are very grateful for any size contribution.
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