Arvato Financial Solutions Donates €30,000 to Support Financial Competence in the Philippines
Arvato Financial Solutions has gone into overdrive and is making further donations to the international children’s aid organisation Plan International Deutschland e.V. Clients from all over the world actively participated in the company’s international holiday donation drive; together, they collected a sum of €30,000 that was donated in the company’s name.
CEO Michael Weinreich renewed the company’s commitment to the project: “Education and income security, in particular, are benchmarks for the development of a society. That’s why we opted for a flagship project in the Philippines, where we have a subsidiary. Plan’s self-help project gives young people the chance to escape poverty and lead a more empowering life.”
The children’s aid organisation will put the funds towards a long-term project focusing on income security. The goal of the project is to support families who lost their home and thus their source of income as a result of Typhoon Bopha in 2012 and Typhoon Haiyan in 2013. More than 6000 people lost their lives and almost four million people where made homeless as a result of the typhoons. More than USD 715 million worth of damage was caused to banana, coconut, rice and maize plantations, as well as cattle. The after-effects of the catastrophe were amplified as around 40% of the 14 million people affected by the typhoon were already living in poverty.
Support for 3,900 people
As part of the project funded by Arvato, Plan is helping a total of 400 young men and women to improve their income opportunities. Basic skills trainings only cost an average of €19.
With Plan’s supports, participants set up savings groups in their communities. Plan also runs training courses on dealing with finances and bookkeeping. The savings groups independently lend small loans to members. The starter set for a savings group – including a sturdy till and writing materials – costs €92. Plan is already using this method very successfully in the Philippines. The repayment rate is very high, and in many cases, savings-group funds can often act as a kind of insurance for financial support in emergencies.
Additionally, 380 households that rely on agriculture will be given water buffalo for working in the fields. With an income of less than one US Dollar per day, the 3,900 men, women and children being supported are among the populations’ poorest. It is estimated that transporting the water buffalo will cost €3,700; it costs €8 to medically examine and vaccinate an animal.
Customers were active participants
Arvato Financial Solutions once again relied on active participation from its clients. Instead of a Christmas present, they received a donation coupon that they could activate via the campaign webpage.
Plan International is an international children’s aid organization that has existed for more than 75 years. It operates in 51 countries in Africa, Asia, and Latin America, and campaigns for children’s rights. Plan hopes to help make the world a place where children will no longer live in poverty, where they can grow up healthy and live out their full potential. Helping people to help themselves is the focus of the organization’s work.
More information is available at www.plan.de