As we all know, the coronavirus crisis also had devastating consequences in the South. In the Philippines, not only was there the coronavirus crisis to contend with, but people had to deal with Typhoon Goni as well. That’s why BRS decided in February 2021, together with microfinancing institution OnePuhunan, to grant a loan of EUR 1.5 million to 6,500 enterprising Filipino women.
BRS Microfinance Coop granted a loan of 1.5 million euros to One Puhunan in the Philippines in February 2021. OnePuhunan is a young microfinancing institution that was launched in 2014. The institution focuses primarily on enterprising women. Loans range between 60 and 1,000 dollars for retail and crafts. The women borrow mainly through solidarity groups.