CARD-MRI targets women to avail its micro-finance loans in NegOr

By Jennifer C. Tilos

DUMAGUETE CITY (PIA) —  The Center for Agriculture and Rural Development Mutually Reinforcing Institutions  (CARD-MRI) has targeted marginalize women to avail its micro-finance loans apart from its over 25,000 member-beneficiaries in Negros Oriental.

According to corporate assistant communications unit officer Raffy Antes under CARD Mutually Reinforcing Institutions (CARD-MRI) projects provides loans such as small scale livelihood activities, agriculture, education, health and disaster risk management especially to poor women and their families in the countryside.

Antes said these women are trained on how to manage their finances in the conduct of their livelihood activities to improve their business as well the quality of life.

Women’s groups are organized from 10 to 30 members each group to be assisted for a technical training on any skills from agri-farming, sari-sari stores or buy and selling among other small livelihood businesses.

Each member can avail a maximum of P50,000 with an existing business and a permanent resident on a particular barangay, said Antes.

In Dumaguete City, Antes said some 1,289 member-recipients are now self-sustaining with different kinds of small-scale businesses.

The CARD also assists disaster victim-members in the relief and recovery and rehabilitation in response to the need of the clients.

In2013, CARD MRI reported 326 of its member-clients perished with 170 still reported missing because of typhoon Yolanda.

In the affected areas, a total of 179,388 members and 156 staff were affected, with lives lost, houses destroyed and livelihood in shambles. This disaster has put a dent on CARD MRI’s maximum capacity to serve low-income groups in the calamity-stricken areas.

CARD MRI is a group of mutually reinforcing institutions comprised of CARD Inc., CARD Bank, CARD-MRI Development Institute and others. (rmn/JCT/PIA7-Negros Oriental/PIA7-NegOr/This article was originally published at PIA website on January 26, 2015)

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