This was what I had for lunch during today's immersion exercise in Sto. Tomas, Batangas. The purpose of the trip was to familiarize ourselves with our partner's microfinance (MFI) and credit repair processes. We observed one of those coop meetings where a group of 20-30 "nanays" aged 18 to 60 years old, congregate to remit fixed savings and loan amortizations to the coop's account officer. In return, the coop members gain access to credit and credit repair services, insurance and other deposit instruments. They also get to be part of an extended support group as they establish deeper and closer ties with their co-members.
The microfinance sector envisions a world in which as many poor and near-poor households as possible have permanent access to an appropriate range of high quality financial services all aimed to improve deposit and repair credit trends. It was an insightful experience as I was able to have a greater appreciation of this "movement" that has taken the countryside by storm. But the most exciting part of the experience is that I had a serving of this.
Kaya naman pala masarap ang pancit CANTOON sa Batangas. Madaming MENIRALS! :) EKS-OH-EKS-OH
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