PhilippinesMicrofinance Partner Profile: Opportunity International - Philippines
 | Edna Navarro Philippines $0 Funded $350 Still Needed |
 | Lusicita Abao Philippines $0 Funded $375 Still Needed |
 | Joan Barnachea Philippines $100 Funded $125 Still Needed |
History
Opportunity and its network of nine Philippines microfinance organizations started operations in Manila in 1981 and currently serve over 600,000 active clients. In the past five years, Opportunity in the Philippines has grown six-fold.
Each partner serves a different part of the Philippines, a nation comprised of over 7,000 islands. They work together toward a common goal of reaching 1 million active loan clients by 2010, aiming to significantly reduce poverty in the Philippines.
The partners unite under the umbrella of the Alliance for Philippine Partners in Economic Development (APPEND) and share knowledge, training and best practices.
Philippines Microloan Statistics
Number of Active Clients: 718,550
Portfolio Outstanding: $76,662,217
Portfolio Overdue 30 days: 4.4%
Average Loan Size: $183
Percent of Loans to Women: 90.9%
Operational Sustainability: 108.3%
Number of Savings Accounts: 9,524
Savings Balance: $2,486,080
Poverty in the Philippines
Unemployment rate: 7.4%HIV/AIDS rate: <0.1%
Population below poverty line: 36.8%
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