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TSKI continues to expand services for the poor
Former Vice-Governor Demy Sonza, Chairman of the Board of Taytay sa Kauswagan (TSKI) said, 2004 and 2005 continue to be banner years for TSKI as it has embarked on many firsts for its poor clients. TSKI is a non-government organization which was first organized in September 1, l986. Presently, it is one of the largest micro-finance organizations in the Philippines.
TSKI is the first micro-finance organization to provide cheap remittance service for Overseas Filipino Workers (OFWs) through its Opportunity Card, in partnership with HSBC and Opportunity International, which was launched recently.
According to Sonza, the TSKI was awarded as the Ulirang Kabalikat Award for 2005 for being the most outstanding Micro Finance Institution in the country, by no less than President Gloria Macapagal Arroyo in ceremonies held at Malacanang.
It is also the first micro finance institution accredited by PhilHealth to provide health care services to its poor clients.
Sonza also revealed that TSKI will also be launching soon the Community-based Entrepreneurship Development Project which will be implemented along the lines of One Town One Product (OTOP) being encouraged by the Department of Trade and Industry. It will provide financing to small entreneurs, who will go into the identified business for a particular area.
It is also the first micro finance institution which will provide its clients and staff with housing finance. The Asian Development Bank will fund the project, with the Development Bank of the Philippines as its conduit bank.
(PIA6)