Remittance Projects in South East Asia
Dairy cow investment for Overseas Filipinos
The project offers an alternative investment vehicle for pushing the local dairy industry in the countryside of the Philippines. It consists of a milk-feeding and breeding program. ERCOF wishes to reduce rural poverty by building rural communities on a demand-driven basis. The dairy value chain employs idle land and under-employed farm labour to create high-value products by migrant investments in water buffaloes and cattle.
Maria for MDGs
The project is focused at mobilizing rural women towards running their own collective social enterprise and at enabling individual women entrepreneurs’ access to local markets. Through a multi-stakeholder approach, the project wishes to create sustainable networks between senders and receivers of remittances and to reinforce the capacities to further the impact of remittances on local communities.
MSAI-for-CDR model Migrant Savings and Alternative Investment for Community Development Reintegration
The model allows migrants to prepare for the future in the form of social entrepreneurship. To assure that the migrant can reintegrate in his/her home community when wishing to return home, MSAI-for-CDR empowers migrant communities to creates sustainable livelihood opportunities in their hometowns, by mobilising the resources and capacities of migrant workers and channelling them toward community development.
Link for Philippine Development Program (LINKAPIL)
LINKAPIL is a government initiative of the Philippines providing a mechanism for the transfer of various forms of resources from Filipinos overseas to support small-scale, high-impact projects that address the country’s social and economic development needs. It aims to encourage the participation of Overseas Filipinos in national development efforts and cultivate productive partnerships between the overseas Filipino donor community and their beneficiaries.
The Overseas Filipino Countryside Development Fund – Local Government Bonds
Local Government Unit Bonds (LGU Bonds) are a way for the country’s towns, cities and provinces to raise funds for needed infrastructure and income-generating projects. Some priority projects identified are mass housing, mass transport systems, ferry terminals, slaughterhouses, waste disposal systems. Diaspora investors earn from the interest on the bonds, as well as can overlook local governments’ performance closely.