Philippine Poverty Situation and Microfinance (Group 1 Reporting)

Question 1

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.

Answer 1

Poverty

Question 2

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.

Answer 2

Poverty Line, also known as Poverty Threshold

Question 3

Is the minimum amount needed to buy food items that satisfy nutritional requirements.

Answer 3

Food Poverty Line, also refers to Food Threshold

Question 4

The proportion of families with per capita income below the poverty threshold.

Answer 4

Poverty Incidence

Question 5

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.

Answer 5

Poor

Question 6

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.

Answer 6

1. National Statistical Coordination Board
2. Php 7,854.00

Question 7

Daily Poverty and Good Threshold for a Family of 5 in NCR, 2005

Answer 7

Poverty Threshold = P 258.36
Food Threshold = P 153.50

Question 8

Daily Poverty Threshold for a Family of 5 in Urban and Rural Areas, 2005

Answer 8

Urban = P 219.19
Rural = P 181.48

Question 9

Levels of Poverty

Answer 9

Not So Poor (On Top of the Pyramid)
Entrepreneurial Poor
Laboring Poor
Ultra Poor / Vulnerable Poor

Question 10

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.

Answer 10

Ultra Poor

Question 11

Others call this group “destitute”.

Answer 11

Ultra Poor

Question 12

___________ essentially means not having something, without money, food, a home, or possessions.

Answer 12

Destitute

Question 13

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.

Answer 13

14 Pesos

Question 14

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.

Answer 14

Entrepreneurial Poor

Question 15

Constraints to the Development of Entrepreneurship in the Country:

Answer 15

• 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.

Question 16

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.

Answer 16

Laboring Poor

Question 17

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.

Answer 17

Not so Poor

Question 18

Most MFIs focus their products and services among ____________ and ________________ groups.

Answer 18

Not so Poor and Entrepreneurial Poor

Question 19

_________ has long been an issue among developing countries.

Answer 19

Poverty

Question 20

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 ______________”.

Answer 20

a. medium term
b. reduce poverty

Question 21

The reason why development agencies developed Microfinance.

Answer 21

To become a tool to lessen if not totally eradicate poverty.

Question 22

In measuring poverty, the NSCB uses the __________________________.

Answer 22

Cost-of-Basic-Needs Approach

Question 23

Another approach in measuring poverty is the _________.

Answer 23

$1 per day

Question 24

Note that for both approaches the basic unit for measuring income or consumption is the _________ (NSCB, 2005).

Answer 24

Household

Question 25

__________ are those having a very limited chances to earn money.

Answer 25

Ultra Poor

Question 26

____________ employed as farm workers, domestic laborers, and under-employed workers.

Answer 26

Laboring Poor

Question 27

_________________ this group are economically active, have means to support their basic needs, and are often self-reliant.

Answer 27

Entrepreneurial Poor

Question 28

___________ those who have more opportunities for income generation and often employed.

Answer 28

Not so poor