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International Journal of Innovation and Scientific Research
ISSN: 2351-8014
 
 
Tuesday 17 July 2018

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FUNDACION GRAMEEN PILIPINAS INCORPORATON (FGP): IT’S CONTRIBUTION TO POVERTY ALLEVIATION OF NORTHERN SAMAR


Volume 24, Issue 2, June 2016, Pages 225–229

 FUNDACION GRAMEEN PILIPINAS INCORPORATON (FGP): IT’S CONTRIBUTION TO POVERTY ALLEVIATION OF NORTHERN SAMAR

Farah Alo Madulid

Original language: English

Received 7 May 2016

Copyright © 2016 ISSR Journals. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

Abstract


This study intended to determine the contribution of the Fundacion Grameen Pilipinas Incorporation (FGP) to the poverty alleviation in the province of Northern Samar. The contribution of FGP was measured in terms of sustainability, impact in household income, and women empowerment. A total of 134 individuals from the three (3) geographical areas, namely: Balicuatro area, Central area and Pacific area, were used as respondents of the study. The study adopted the descriptive-evaluative research method and utilized frequency counts, percentages, weighted means, financial ratios in the analysis of the data. Survey questionnaire, interview schedule, and focus group discussions were used in the data gathering. Triangulation was employed to verify the veracity and accuracy of the responses of the respondents through the conduct of interview with the employees of Grameen. It was found out that the collection rate from years 2010 to 2014 was 89 percent, indicating a high performance in terms of sustainability. This was further confirmed by its fair performance in terms of the overall liquidity which was rated 82 percent. This favorable finding may be due to the affordable loan amortization of the beneficiaries which ranged from Php100 to Php499. It was also found out that the total average daily net income of the respondents was Php90.45, which was verified to be higher by 45 percent than their average daily net income before they availed of the FGP. Most of the woman beneficiaries were ascertained to be highly empowered considering their active involvement in productive activities at home and in the community. Summing it up, the FGP had contributed significantly to poverty alleviation among the target clients who were poor. The program was found to be highly sustaining and had increased the income of the family through the empowerment of the woman beneficiaries in engaging in productive endeavors in the home and community.

Author Keywords: poverty alleviation, Northern Samar, FGP, household income, women empowerment.


How to Cite this Article


Farah Alo Madulid, “FUNDACION GRAMEEN PILIPINAS INCORPORATON (FGP): IT’S CONTRIBUTION TO POVERTY ALLEVIATION OF NORTHERN SAMAR,” International Journal of Innovation and Scientific Research, vol. 24, no. 2, pp. 225–229, June 2016.