Libertad Fish Forever Savings Club

Problem

Libertad, Antique's marginalized communities are neither empowered nor equipped to start saving for their family's future.

Solution

Libertad, Antique officials launched the Libertad Fish Forever Savings Club, a financial literacy club open to everyone in the municipality. In the club, members can deposit a minimum of Php50, which is equal to one share or one "fish" as they call it.

Impact

75% of residents are now involved in the project
63 groups founded
More than 23 million saved as of September 2022

Implementation Guidelines

Guideline 1: Tailor the program according to the need of the stakeholders

Libertad officials tailored the program's needs to the stakeholders, lowering the minimum deposits and making requirements easy to understand and accessible to residents.

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Guideline 2: Provide stakeholders with a sense of accountability

When designing the program, Libertad officials made sure to provide the participants with as much flexibility and accountability as possible. For example, participants were in charge of creating their own rules, such as how much the interest will be and how often the deposit would be, making participants more accountable for their actions.

Project Files

Photos