DRN Vol. 39 No.3
'Reexamine SHS Programs Employment and Entrepreneurial Objectives'
Regulatory Impact Assessment Adoption Determinants: A Diagnostic Framework
Exploring Responses to the Employment Impact of Excise Tax Reform: The Case of the Philippine Tobacco Industry
Mapping Out Employment Opportunities in the Cultural Heritage Sector A Strategic Framework

PIDS WB 2021-0905
Annual Public Policy Conference Webinar 4: Robust and Healthy Workforce and Closing Program
PIDS WB 2021-0904
Annual Public Policy Conference Webinar 3: Green And Inclusive Recovery
PIDS WB 2021-0903
Annual Public Policy Conference Webinar 2: Ethical Business
PIDS WB 2021-0902
Opening Program and Annual Public Policy Conference Webinar 1: Resetting Capitalism
Publication Detail
WOCCU 2003-01: Credit Union Empowerment and Strengthening (CUES) Philippines

This case study outlines the attempt of Credit Union Empowerment and Strengthening (CUES), Philippines, to transform cooperatives into responsible financial institutions providing financial services and education to the poor. CUES adopted two initiatives: * Model Credit Union Building (MCUB) - to provide financial sustainability planning through the P.E.A.R.L.S. monitoring system; * Savings and Credit with Education (SCWE) - to promote capacity building of women. The author observes that the project has improved the socio-economic conditions of member households. Institutionalization of training has led to supervisory and regulatory efforts. A long-term impact has been the increase in access to financial intermediation and other services. The future direction is to institutionalize financial and monitoring mechanisms and to spread them to other areas. As per the study, some of the major impacts of MCUB are: * Improvement in financial ratios; * Decrease in the dependence on external credit; * Shift to capacity-based lending; * Branding and marketing of good practices. SCWE has helped in disseminating information on: * Savings and credit association management; * Micro-enterprises; * Health and nutrition; * Self-confidence. Some of the challenges that this project faced, according to the study, are: * Resistance to change and innovation; * Vast training needs; * Paucity of time. The author mentions some important insights for donors: * Highlight gender issues to maximize impact; * Create effective policy and regulatory environment to achieve sustainable benefits; * Adopt, standardize and regularize through legislation, the best practices.

PinoyME Foundation
Authors Keywords
Sasuman, Luis; microfinance; credit unions;
Download PDF Number of Downloads
Published in 2003 and available in the World Council of Credit Unions or Downloaded 355 times since November 25, 2011
Please let us know your reason for downloading this publication. May we also ask you to provide additional information that will help us serve you better? Rest assured that your answers will not be shared with any outside parties. It will take you only two minutes to complete the survey. Thank you.

To use as reference:
If others, (Please specify):
Name: (optional)
Email: (required, but will not display)
If Prefer to self-describe, please specify:
Level of Education:
If employed either part-time or full-time, name of office:
If others, (Please specify):
Would you like to receive the SERP-P UPDATES e-newsletter? Yes No
Use the space below if you have any comment about this publication or SERP-P knowledge resources in general.