The DBP-managed Industrial Guarantee and Loan Fund (IGLF) has extended a P1.279 million grant to Social Enterprise Development Partnerships, Inc. (SEDPI) to provide capacity building seminars to DBP-accredited microfinance institutions and help improve the delivery of pro-poor financial services towards financial inclusion of microenterprises.
Under a memorandum of agreement covering the grant, SEDPI will run trainings on agricultural and rural financing, trends on financial product design and delivery, and innovations in operational practices as well as institutional practices of successful MFIs, and sharing and documentation of actual experiences and lessons learned on coping and mitigating with disasters and climate change.
IGLF’s funding assistance to SEDPI will help equip MFIs with necessary knowledge and skills to enhance the provision of microfinance services. It will also provide MFIs with practical and readily applicable tools that lead to better institutional and operational policies in financial service delivery.
SEDPI is the country’s premiere capacity builder in the fields of microfinance, social entrepreneurship and financial literacy. It offers more than 80 microfinance courses customized to the local context and benchmarked against international good practices. At least 75 MFIs all over the country have benefitted from SEDPI’s technical and mentoring assistance resulting to improved financial performance and organizational sustainability.
SEDPI is a SEC-registered private organization composed of young and dynamic social entrepreneurs whose core competency is development finance that collaborates with both private and public development agencies and organizations to improve financial inclusion.