The Cebu Center

THE WODEEF CENTER IN CEBU

WODEEF works with the poor in the fishing community of Cordoba, Cebu. WODEEF has established the St. Mary Euphrasia Center for Women in that area to assist the community in creating steady income-generating opportunities, via various livelihood and micro-lending projects, as well as providing educational scholarships to deserving youth.

CebuCenterMeeting

Ideas are generated by the women of the community, who then make a proposal which they submit to WODEEF/Philippines. The ideas are discussed and assessed by the WODEEF staff and if it’s a viable, potentially profitable project, WODEEF/Philippines and/or WODEEF/USA then seek funding.

WodeefCenter

The Wodeef Center in Cebu

Wodeef funds educational projects, micro-lending projects for small businesses, and savings and loan projects.

MICRO LENDING PROJECTS

Earth Friendly Eatery

The Earth Friendly Eatery

The Earth Friendly Eatery: A small take-out restaurant which sells food daily to teachers from the schools in the area and others from the community. The restaurant is run by 10 women, and cooks 10-15 different dishes daily which they sell. They spend about 700 pesos a day for food, and their income is about 1300 pesos a day. The women have chosen at this time to save the money in a group bank account rather than divide among themselves as income. In three months they earned 8000 pesos above their expenses. The money might be used as capital for further expansion. WODEEF provided the initial money of 50,000 pesos (approximately $1041). They only need to pay back 60% of the loan because they are WODEEF members, which is due in one year, and they are paying back the loan on a regular basis. Now this project is self-sustaining.

Wodeef Water Project

Women gets fresh water from a WODEEF Water Project

The Water Tank Project: This project is a further development of the installation of a water system for the community of potable water. The project began with a capital investment from WODEEF of 7000 pesos to install a faucet connected to the Cebu City water district which would provide fresh drinking water for the community. They repaid this loan in 3 months, and then received another loan of 60,000 pesos to provide a water tank and to create a small shower room. This water is sold in containers to people in the community to provide fresh drinking water. 40,000 pesos of the loan is to be repaid within the year. 20,000 pesos is a grant. This project is now self-sustaining.

Fishing Boat Project

Some of the Fishing Boats with Motors from a Grant to WODEEF

The Fishing Boat Project: Fisherfolk of WODEEF were able to buy 11 fishing boats with motors with the help of a grant. As a result, they are able to go further out to sea to catch more fish.

PigletProject

A pig raised in the Piglet Project

The Piglet Project: WODEEF Women can take a loan of up to 12,000 pesos to buy 5-6 pigs (approximately $50 a pig). The pigs are fed and fattened and sold after 4 months for 6-7000 pesos a pig (approximately $145 a pig). Expenses for the pig include food and the initial cost of the pig pen, plus the cost of the loan which is 350 pesos per pig. The loan plus interest is then put back into the account for more future piglet loans.

The Rice Project: WODEEF members buy sacks of rice from the WODEEF center. If necessary, they can get the rice on loan and pay later.

IceMakingProjectThe Fish-Vending Project: A fish vendor borrows up to 1500 pesos (approximately $31) in order to begin a fish selling business to buy fish and then sell the fish either house to house or in a stall at the market.

Ice-Making Project: One woman bought a refrigerator and makes ice which she sells to fisherfolks to keep the fish fresh from the catch to the market. She financed it herself because WODEEF was not able to get a grant for her business, which demanded larger start-up costs. She is an active member of WODEEF and now doing very well. WODEEF would like to be able to help start-up costs for more of these kinds of businesses that have proven very successful for the women.

This ice-making project provides ice to the fishermen to keep their fish fresh.

SAVINGS AND LOAN PROJECT

The Communal Savings and Loan Program: This program consists of 5 groups of ten women each, who borrow low interest loans of $25-$50 to help start new businesses, help provide for educational expenses and help with medical emergencies. WODEEF provides the initial money. The program becomes self-sustaining by the women’s groups who pay back the loans at 1.5% interest over 3-5 months into the groups’ private bank account. No more than 50% of the principle is used for loans at any one time. No woman can receive another loan until she has paid back the previous one. All loans are approved by the whole group by consensus. Each loan also is repaid with a service charge of 3% to help with administrative costs, such as the cost of paper, passbooks, notebooks, the cost of loan forms, loan receipts, reports, etc. The money plus interest then returns to the account to be used by the women of the group for future loans.

Savings Bank Books

The women’s savings bank books

Each of the women in the group deposits 7 pesos a week into the account of the savings and loan group. This is her own personal savings account but the account is held by the group. She can withdraw her total savings if she terminates her membership in the group. Otherwise, the money is used for loans which are then given to women from the Micro-Savings and Loan Group.

SavingsAndLoanGroups

Two of the Savings and Loan Groups meet to discuss future projects

Currently, (in early 2007) WODEEF had 5 different micro-savings and loans group, which each have their own name. The groups are: Marigold, Green Rose, Rosal, Sanpaquita, and The College Group. WODEEF hopes to expand to five more groups by August, 2007.

Each project is designed to make the women more self-sufficient so they don’t need to take loans from userers who often charge 20% or more in interest. Projects are not designed to give money to participants, but to loan them money, while also educating them and working with them to keep careful records and responsibly pay back what they have borrowed.

OTHER PROJECTS:

Other Projects Feeding Project

The Feeding Project: Malnourished children, ages 1 to 5, are given food for lunch. The project includes 30 children who are fed three times a week.

OtherProjects2 OtherProjects3