Published February 9, 2021, 6:00 AM
The Philippine government has partnered with BDO Unibank Inc. and US Agency for International Development (USAID) to launch a massive financial education campaign among fishermen nationwide.
A statement released on Monday showed that the Department of Agriculture (DA), through the Bureau of Fisheries and Aquatic Resources (BFAR); the Bangko Sentral ng Pilipinas (BSP); BDO Foundation; and USAID, through its Fish Right Program, have jointly launched a partnership for the financial education of fishers across the country.
The collaboration will offer training to fishers on topics such as saving and budgeting, supplementary income sources, and the proper use of micro-loans and micro-insurance to help break the vicious cycle of poverty and natural resource depletion.