What kinds of financial assistance are available in the Philippines
The Philippines has reached a 90% learning poverty among school-aged children in 2021 (World Bank Report). It means a massive percentage of future laborers cannot read and understand simple texts in the country. It also means that these incoming workers will not have the opportunity to earn high enough wages to support their families.
So if they will not be earning enough, what can they do to make ends meet? Let us go through them one by one.
Ways to get financial assistance in the Philippines
- Having 2 to 3 jobs. Filipinos are still dependent on their employment wages to earn money. But most of them steer clear of poverty by working 2 to 3 jobs a day. So if you have enough time and energy, this could be a solution to your financial problems.
- Government financial assistance programs. The Philippines government has many financial help programs available to its citizens. Different financial assistance programs are available related to business, medical concerns, disaster relief, education scholarships, housing loans, and more. Because of their many programs, the amount you can receive is not that high. Applications are also subject to many requirements and a high risk of being declined.
- Bank loans. Cash loans from private financial institutions are available for Filipinos. You can apply for personal loans according to the amount you need. Like government loans, many requirements are needed. Also, background checks will be conducted to verify your eligibility for credit. If you have a good credit score and good standing with your bank provider, this could be a good option you can try.
- Donations through crowdfunding. Crowdfunding increased popularity among Filipinos, especially at the start of the pandemic. Crowdfunding is the solicitation of money from a large number of people to raise funds. It is easy, fast, and effective when raising money for your financial needs. If you are comfortable reaching out to family, friends, or even strangers, crowdfunding is perfect for you.
Crowdfunding in Airfunding
✓ Free registration. Anyone at any time can create an account for free. You can even open a fundraiser for other people like how Ma Rie did it. Her Airfunding project provided financial assistance to her coworker who had an untimely death. The funds raised amounting to $2,380 (₱125,759.20) were donated to the coworker’s wife and two kids.
✓ Setting up is easy. Tips are available along the way so you can construct a heartwarming story like Bernadette’s. Stories like these will surely attract supporters. The story of Bernadette’s aunt captured the hearts of many supporters. It was able to raise a total amount of $1,437 (₱75,931.08).
✓ Receive funds worldwide anytime. With an open-to-the-public project, anyone can donate to your fundraising campaign any time, anywhere. You may even be surprised to raise funds more than your set goal like what happened to Jerson! Jerson received donations within one month through his Airfunding project amounting to $3,235 (₱170,937.40). The amount is double his projected goal of $1,500!
Start an Airfunding project today!
Inspired to receive financial assistance through crowdfunding? Start an Airfunding project here. Remember to share your project link with family and friends to help you raise more funds.