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BSP Advocates Empowering Women Thru Microfinance

03.07.2002

The Bangko Sentral ng Pilipinas joins other departments, offices and organizations in the celebration of National Women’s Day tomorrow, Friday, March 8, 2002 at the Philippine National Arena. The event will showcase various women’s products, skills and services and will present the state of the Filipino women as well as the Framework Plan for Women (FPW). The event will culminate with President Gloria Macapagal-Arroyo signing the FPW and unveiling the mural of unity, which symbolizes the commitment to and vision for the role of Filipino women. In light of this celebration, the BSP will participate through joining the solidarity walk from the EDSA shrine to the Philippine National Arena and by setting up a booth at the event.

The Booth will be dedicated to microfinance, the flagship project of the BSP for poverty alleviation. It is most fitting to showcase this on National Women’s Day as women has always been at the center stage of microfinance. Millions of women’s lives and that of their families have been uplifted through microfinance programs here and around the world. The BSP has invited CARD Rural Bank to showcase one of the leading success stories of microfinance in the Philippines. Since its inception, CARD has serviced more than 49,000 micro-entrepreneurs and has helped them increase their capacities and improve the quality of their lives. Information materials on microfinance and BSP initiatives will also be available at the booth.

The BSP’s participation is an indication of solidarity with other government and non-government organizations concerned with women’s issues, and an amplification of the commitment to the cause of improving the lives of women through microfinance.

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