Local project partner
Mindanao Alliance of Self-Help Societies - Southern Philippines Educational Cooperative Center (MASS-SPECC),
Mindanao Microfinance Council (MMC), RIMANSI
German project partner
to be defined
01.10.2019 - 30.09.2021
Following the introduction of the microfinance and accounting training courses by German Sparkassenstiftung together with sequa, AFOS, DIHK, GIZ and ZDH in the joint project to promote dual vocational training in the Philippines, cooperation with partner associations is now being extended. Still, further support is needed to ensure greater sustainability and broad-based impact of the approaches successfully piloted to date.
The project simultaneously addresses the micro and meso levels. Microfinance associations are to be strengthened so that they can offer both vocational training and continuing education for MFI staff, thus professionalizing the supply side of microfinance services. By improving basic financial education, the demand side for financial inclusion will be strengthened simultaneously.
The overall objective of the project is to improve the quality of life of Filipino families through financial inclusion and to increase the employability of young people. Financial associations are to be strengthened to act as service providers and central coordinators of practical training and financial education.
The project's indirect target group is low- and middle-income earners and their families. As clients of the microfinance institutions, they benefit from professional consultation, sustainable financial institutions, and the provision of basic financial education. Young people, young professionals and their families benefit from dualized vocational training, which secures their income and provides opportunities for professional and personal development.
The project focuses on three main task areas:
- implementation and expansion of the scope of dual vocational training in the financial sector
- further development of needs-oriented training programs offered by the financial associations for employees of their member institutions
- providing needs-based financial education.