ASSOCIATION OF ASIAN CONFEDERATION OF CREDIT UNIONS Developing Rural and Women’s Entrepreneurship Elenita V. San Roque Manager, Member Services Association of Asian Confederation of Credit Unions Bangkok, Thailand

ASSOCIATION OF ASIAN CONFEDERATION OF CREDIT UNIONS Philippines: Population: 99 million Poverty Incidence - 30% Living below poverty line – US$ 388 No. of Poor – 29.7 million 2 National Member organizations No. of credit unions - 1,379 No. of Members – 2.5 million Est. No. of Poor Reached – 1.06 M Proposed Project Location Most poorest part of the Philippines where poverty incidence is 30 to 50%

ASSOCIATION OF ASIAN CONFEDERATION OF CREDIT UNIONS Proposed Project Location: Paglaum Multi-Purpose Cooperative

ASSOCIATION OF ASIAN CONFEDERATION OF CREDIT UNIONS Uniqueness of PMPC Operates in Mindanao (south of the Philippines) with poverty incidence of 30-50%

ASSOCIATION OF ASIAN CONFEDERATION OF CREDIT UNIONS Uniqueness of PMPC Dedicated to serve the poor since 1999

ASSOCIATION OF ASIAN CONFEDERATION OF CREDIT UNIONS Uniqueness of PMPC Reached 31,120 poor (80% women)

ASSOCIATION OF ASIAN CONFEDERATION OF CREDIT UNIONS Uniqueness of PMPC Covers 695 far plunge villages 742 Centers (with average members of 41)

ASSOCIATION OF ASIAN CONFEDERATION OF CREDIT UNIONS Uniqueness of PMPC 78 field staff dedicated to reach out to poor communities

ASSOCIATION OF ASIAN CONFEDERATION OF CREDIT UNIONS Loan Investment in Enterprises Sale and consumption Repayment Income, Savings (Build Wealth) break Creating Life Outreach 31,120 (50% with loans) Ave. Savings/Shares US$ 79

ASSOCIATION OF ASIAN CONFEDERATION OF CREDIT UNIONS Entrepreneurship Ladder Self- Employment Microenterprise Small Scale Enterprise Small & Medium Enterprise Medium Enterprise Large Enterprise IGP Missing Links: Business Development Center supports entrepreneurial development Financial literacy The project goal:

ASSOCIATION OF ASIAN CONFEDERATION OF CREDIT UNIONS Project Inputs: NeedsObjectivesInputsPossible Network Support No enterprise development support for members Institutionalize Business Dev’t. Center (BDC) Hire short term enterprise dev’t. consultant Product development and retailing Lack of entrepreneurial skills and financial literacy of women members Empower women to manage their businesses, build wealth, and taking leadership role in CU. Train the Trainers and Members on Enterprise Dev’t. and Financial Literacy. Training support on enterprise training and financial literacy. Low quality products not able to occupy position in the market Creation of PMPC Trade Mark Research and development on new product lines Marketeers

ASSOCIATION OF ASIAN CONFEDERATION OF CREDIT UNIONS Thank you.