November 18, 2012
For the 12 days leading up to Thanksgiving in the U.S., we’re featuring 12 stories from six different countries we work in, as a way of saying, “Thank You” to our supporters, who make our work possible. We hope that you enjoy seeing the difference that you’re making in the lives of poor people around the world, every day.
Cristopher Lomboy lives in Los Banos, in the Philippine province of Laguna. He joined Grameen Foundation in November 2009 as its poverty measurement specialist in Asia.
One of our exciting initiatives in Asia is the microsavings initiative in collaboration with CARD Bank in the Philippines, which reaches around 600,000 clients. Its goal is to encourage more poor people, especially those living on $1.25 or less a day, to have access to formal savings services. The program allows them to pool their money as a group and then open one account for each member of the group.
My role is to help the project measure the poverty levels of the clients, then use this information to find out if we are reaching the poorer people. If not, we develop approaches to reach those clients. What makes my job rewarding is the opportunity to become a thought and practice leader in poverty measurement, and to support “blended performance reporting” – meaning that we look at both financial sustainability and social impact. Also, being able to learn about poverty alleviation efforts in different Asian countries enriches my own approach to helping influence pro-poor organizations’ initiatives to help the poor.
One of the challenges of my job involves reaching out and sharing our rich experience and tools with more pro-poor organizations. The magnitude of poverty is great and there is a real need quickly exchange knowledge and stories between practitioners, to help improve their practice. We also collaborate with other organizations, such as the Ford Foundation, to provide technical support for poverty measurement data.
Our goal is to increase our direct outreach to poorer clients. There are many people who do small jobs, like selling vegetables and seasonal manual labor, who are most vulnerable to crisis. If they can at least save some money for an emergency or life event in their families, then reduce the risk they face, and break the cycle of poverty for themselves and their families.
You can help us connect even more poor people to savings accounts when you support Grameen Foundation today.
Our 12 days of Thanksgiving series stories were collected and edited with the help of Bankers without Borders® volunteer Nicole Neroulias Gupte.