Small loans a big help for typhoon survivors in the Philippines

Tuesday, December 31, 2013

Rebuilding will be long, difficult and expensive. Yet less than two months after Typhoon Haiyan hit, global attention is already fading, despite a dramatic need for support among millions like Pardilla who lost everything.

Opportunity International has worked in the Philippines since 1981, providing loans, savings, insurance and training to more than 740,000 people a year. Their clients use the financial resources to launch businesses and open savings programs that break the cycle of poverty, transform their lives and strengthen their families and communities.

Access to financial services is especially important following a major disaster, when victims need a wide range of services and assistance.

Source: CNN (link opens in a new window)

Categories
Entrepreneurship
Tags
cash lenders, financial inclusion, impact investing, lending, microfinance