Philippine Poverty Situation and Microfinance (Group 1 Reporting) Flashcards
Could be define as the income level below a socially acceptable minimum or poverty line. It could also be defined as lack access to basic need and services.
Poverty
Is the minimum amount required to satisfy food and non-food needs. This also refers to the standard minimum income required to meet the food requirements and other non-food needs, so as not to be considered poor.
Poverty Line, also known as Poverty Threshold
Is the minimum amount needed to buy food items that satisfy nutritional requirements.
Food Poverty Line, also refers to Food Threshold
The proportion of families with per capita income below the poverty threshold.
Poverty Incidence
Is defined as those who cannot afford to provide for their minimum basic needs for food, health, education, housing and other social amenities in life.
Poor
In 2005, the 1._____________________ (NSCB) computed that an average-size family living in the National Capital Region (NCR) have a monthly income of Php 2.________or a daily take-home pay is Php 259.00. Out of the amount, the mother should allocate approximately Php 154.00 for food consumption.
- National Statistical Coordination Board
- Php 7,854.00
Daily Poverty and Good Threshold for a Family of 5 in NCR, 2005
Poverty Threshold = P 258.36
Food Threshold = P 153.50
Daily Poverty Threshold for a Family of 5 in Urban and Rural Areas, 2005
Urban = P 219.19
Rural = P 181.48
Levels of Poverty
Not So Poor (On Top of the Pyramid)
Entrepreneurial Poor
Laboring Poor
Ultra Poor / Vulnerable Poor
These are those that have very limited chances to earn money because of life’s circumstances or their attitude towards poverty, and primarily rely on welfare support.
Ultra Poor
Others call this group “destitute”.
Ultra Poor
___________ essentially means not having something, without money, food, a home, or possessions.
Destitute
The average income of the ultra-poor families in the Philippines is just US$0.28, or a miserly ________ per person per day. Of these families. 29% have no access to electricity, 43% are afflicted with poor health, and 15% of mothers have had one of their children die of hunger and sickness. The COVID-19 pandemic worsened their situation: 72% of Filipinos that ICM serves say that they are earning less now than before the pandemic struck.
14 Pesos
Those who belong to this group are economically active, have means to support their basic needs, and are often self-reliant. However, their capital is not substantial to sustain their economic activities. For those in the rural areas, these are small landholders and tenant farmers whose production is just enough to support family needs and purchase supplies for the next farming season.
Entrepreneurial Poor
Constraints to the Development of Entrepreneurship in the Country:
- A lack of financial support and working capital, hindering business expansion laboring poor.
- Poor information dissemination – the inconsistent implementation of government policies and programs that support entrepreneurship;
- Poor provision of training aimed at expanding and sustaining businesses.
They are often employed as farm workers, domestic laborers, and under-employed workers. However, their per capita income is still not enough to support the households’ basic needs.
Laboring Poor
Those who have more opportunities for income generation and often employed. They often belong to the laboring poor group, however, still need capitalization, and training to sustain their economic activities.
Not so Poor
Most MFIs focus their products and services among ____________ and ________________ groups.
Not so Poor and Entrepreneurial Poor
_________ has long been an issue among developing countries.
Poverty
According to the World Bank Group’s Assistance Strategy for the Philippines, 2003-2005, “The main challenge of the Philippines for the _____________ is still to ______________”.
a. medium term
b. reduce poverty
The reason why development agencies developed Microfinance.
To become a tool to lessen if not totally eradicate poverty.
In measuring poverty, the NSCB uses the __________________________.
Cost-of-Basic-Needs Approach
Another approach in measuring poverty is the _________.
$1 per day
Note that for both approaches the basic unit for measuring income or consumption is the _________ (NSCB, 2005).
Household
__________ are those having a very limited chances to earn money.
Ultra Poor
____________ employed as farm workers, domestic laborers, and under-employed workers.
Laboring Poor
_________________ this group are economically active, have means to support their basic needs, and are often self-reliant.
Entrepreneurial Poor
___________ those who have more opportunities for income generation and often employed.
Not so poor
