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Bacolod City, Philippines Tuesday, January 17, 2006
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Bayanihan Centers yield
P2.86M in savings

Savings of Bayanihan Centers in Western Visayas hit 2.86 million in 2005, almost double the amount yielded in 2004, records of the Department of Interior and Local Government 6 show.

The number of Bayanihan Centers, organized under the Bayanihan Savings Replication Program of the DILG 6, rose by around 30 percent in 2005, totaling 125 with 2,974 active members, from only 84 in 2004 with 1,911 in 2004.

Last year, 41 new Bayanihan Centers were organized with 1,063 active members.

Bayanihan Centers used their money in micro-lending and micro-business enterprises after six months of savings.

DILG Regional Director Evelyn Trompeta said in a press release that BRSP remains their priority program for 2006.

We are glad people in Region 6 appreciate the value of savings, adding that many BSRP replicators have become successful since the start of the program three years ago. Trompeta said the DILG will find ways this year to document BRSP as a best practice, the press release added.*

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Market Committee holds meeting with Vendors' Plaza tenants today
Bayanihan Centers yield P2.86M in savings