What Does Community Mean to You?
Trip Start Jan 22, 2010
122Trip End Ongoing
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Where I stayed
Sierra Vista Beach Resort
I am pleased to see that here in the Philippines, community still means community. Most Filipinos place family and community above all else, and this can be shown by the way in which ASKI runs its microfinance business. All ASKI clients are members of community centers, demarcated by barangay (or neighborhood). ASKI defines a center as a group of men and women who join together to guarantee each other’s loans, meet weekly to support one another, receive training, monitor loan payments and make contributions to savings. In terms of microfinance, these centers replace the need for collateral and ensure credit discipline among members; If a member defaults on his/her loan, the entire community has to cough up the dough. Aside from repayment collection, these centers offer support to its members through assistance with loan applications, appropriation of loan funds, and general overall support for each other as they cultivate their small businesses and try to make a better life for themselves and their families. Now that’s what I call community!
Just like most groups, ASKI community centers have elected leaders: Center Chief, Deputy Chief, Treasurer, and Secretaryhere to see the video. (I also posted it below but it requires a plug-in to view.)