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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