Microloans to 16 Entrepreneurs in the Philippines

by Opportunity International
Vetted

Summary

Opportunity and its network of nine Philippines microfinance organizations started operations in Manila in 1981 and currently serve over 600,000 active clients.
$1,060
total raised
28
donors
0
monthly donors
6
years active

Challenge

Poverty is a significant problem, but in combination with inequality, it poses a serious threat to stability in the Philippines. In 2006, almost 27.6 million people lived below the Philippines' poverty threshold. This represents 26.9 per cent of Philippine families and 32.9 per cent of the population. According to international data, 44 per cent of the population subsisted on US$2 or less a day. Recent food price increases are estimated to push another 2.7 million people into poverty.

Solution

Opportunity and its network of 9 Philippine microfinance organizations started operations in Manila in 1981 and currently serve over 600,000 active clients. In the past five years, Opportunity International in the Philippines has grown six-fold.

Long-Term Impact

Opportunity Kauswagan Bank is a bank for the poor created from merging Opportunity NGOs. Help reach the goal of 400,000 new clients by end of 2010, including important savings services.

Resources

http:/​/​www.opportunity.org
Visit Opportunity International's Website
Visit Opportunity's online giving platform
Read about the latest happenings at Opportunity!

Organization Information

Opportunity International

Location: Chicago, IL - USA
Website: http:/​/​www.opportunity.org
Project Leader:
Emily Engel
Oak Brook, IL 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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