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Poverty Alleviation through a Micro - Finance Program: The De La Salle University – Dasmarinas Experience

Poverty Alleviation through a Micro - Finance Program: The De La Salle University – Dasmarinas Experience. Rio Ramos – Mazo De La Salle University - Dasmarinas, Cavite, Philippines rlramos@dlsud.edu.ph. Historical Background of the Program.

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Poverty Alleviation through a Micro - Finance Program: The De La Salle University – Dasmarinas Experience

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  1. Poverty Alleviation through a Micro - Finance Program: The De La Salle University – Dasmarinas Experience Rio Ramos – Mazo De La Salle University - Dasmarinas, Cavite, Philippines rlramos@dlsud.edu.ph

  2. Historical Background of the Program • Context of the Livelihood Enterprise Development Center (LEDC) • Framework - Caucus on Poverty Reduction (CPR): Forging Partnerships, Building Capacities • Lasallian Guiding Principles on Social Development - self propelled actions for development • Partner Community - Brgy. Paliparan III -resettlement area of urban poor families; 75,000 households (2001) • partners: Local gov’t unit, non, gov’t orgs., local parish • Php 31 M = total loan releases from 2004 to present • Php 9 M = Capital build up of partners • Php 171,000 = Damayan Fund • Net Assets and Liabilities = Php 7 M • 5,000 individuals served • 95% women • 9 regular staff • 2 branch offices • serving 16 local communities • 1M pesos - investment • individualized model • min. loan: Php 1,500.00 - 3,000.00 • skills training called pulong-pulong; • savings called Capital Build Up

  3. Challenges Faced • DLSU-D’s lack of experience in implementing a micro-finance program • training and benchmarking • adapting an established micro-finance program • limitations in the capacity of the partner community • notion of a “free” service • unsuccessful livelihood programs • limited entrepreneurial skills • dissolution of Caucus on Poverty Reduction • legality issues: DLSU-D as a non profit organization • concerns on personnel

  4. Sustainability and Impact to the community • LEDC as a community engagement program developed sense of service and mission and encouraged volunteerism among the students and faculty members • LEDC as a micro-finance Non governmental organization • the funds are well managed through an established monitoring system • staff are committed, dedicated, and imbibed a deep concern for the program; a good human resource policy is in placed • the program have contributed in providing alternative source of income for the displaced families • established micro-businesses (sari-sari store, general merchandise, backyard industries) • created local employment • Increased income among the partner-beneficiaries that helped them build their homes, send their children to school, and provided them with a “modest luxury”

  5. Sustainability and Impact to the community • Some success stories: Ms. Helen Escala • Before LEDC: housewife, very shy; started with Php 3,000 as initial capital • After LEDC: certified business woman and very driven; owner of a sari-sari store, dealer of bottled drinks; able to send her children to school; built her own home and a 5 - door apartment; owns two tricycle, one motor bike; employs five personnel; her savings amounted to Php 90,000.00

  6. Sustainability and Impact to the community • Ms. Jesusa Dulce • Before LEDC: housewife, sells rice cake; started with Php 1,500 as initial capital • After LEDC: producer and supplier of rice cake to the locality, and nearby towns; built her home; sent her children to school; employs 15 personnel; regularly saves and uses the savings as additional capital; seasonally borrows capital from LEDC

  7. Sustainability and Impact to the community • Ms. Gemma Labastida • Before LEDC: housewife; started with Php 3,000 as initial capital • After LEDC: professional photographer; has her own photography business; employs two personnel; built her home; sent her children to school; her son works abroad; recently started with a new business: sari-sari store

  8. Sustainability and Impact to the community • Ms. Rebecca Eparaguere • Before LEDC: minimum wage earner/ factory worker • After LEDC – full time sewer of curtains and school uniform; employs 3 sewers; built her 2 storey home, including her sewing area; sent her children to school

  9. Sustainability and Impact to the community • Ms. Yolanda Lanorias (staff) • Before LEDC – housewife • After LEDC – volunteer staff to branch manager; sent her three children to school; built her home; pro-active staff and compassionate community development worker • Ms. Monette Ambat (staff) • Before LEDC – highschool graduate • After LEDC – graduate of a degree program; regular staff; sends her siblings to school

  10. Sustaining the mission the university can effect liberating action through its university social responsibility initiatives: capacity to sustain a social development program (instead of dole out) • provide opportunities by building capacities of individuals • context sensitive • capacitating • mutually empowering • LEDC should: • continue expanding its coverage • explore on other opportunities: • strengthen training and savings capacity • provide additional services to partner-beneficiary to sustain their involvement with the center

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