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What We Do - Philippines Microfinance Fund

Philippines Microfinance

On November 8, 2013, Super Typhoon Yolanda (known locally as Haiyan) made landfall in the Philippines. Final destruction reports of loss of human life and property from this storm were extremely high, in a country that is accustomed to typhoons, and knows how to prepare.

In response to this disaster, we formed a working group with four local RPCVs, three of whom who served in the Philippines, and with Wisconsin Microfinance, to spread the word within the Peace Corps community.

Wisconsin Microfinance is a UW-Madison student-founded organization that has experience in fundraising for microloan projects. Their work began with Haiti after the January 12, 2010 earthquake, which registered a devastating 7.0 on the Richter scale. They developed a model of finding a reliable person who could accept donations and funnel it in small $50-$150 microloans to community members, mostly women, and track and report on success. They have had 100% loan repayment success in Haiti, and we expect to see the same results with Philippines loans.

A contract was signed with VICTO, a Philippines-based microcredit organization, that will accept donation dollars, and the Bohol Community Multi-Purpose Cooperative (Bohol CMPC) of Loay, Bohol, Philippines to ensure effective use of your donation dollars.

In March 2015, the first $4,000 was sent to VICTO. Fund-raising activities are ongoing and visits to the country to monitor and assist happen annually. To find out more or to donate, contact:

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  Returned Peace Corps Volunteers of Wisconsin-Madison is a public charity registered under section 501(c)(3) of the Internal Revenue Code of the United States. Its EIN is 39-1669348. It is also an affiliate group of the National Peace Corps Association (NPCA).

NPCA champions lifelong commitment to Peace Corps ideals by connecting, engaging and promoting its members and affiliate groups as they continue to make a difference in communities in the U.S. and abroad. NPCA is also dedicated to advocating for, contributing to, and supporting the betterment of the Peace Corps. Visit NPCA to learn more