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A Case Study Analysis of The Impact of Center Meetings in The Lives of CARD Inc. Members
A Case Study Analysis of The Impact of Center Meetings in The Lives of CARD Inc. Members
Inc. Members
Introduction
Dr. Jaime Aristotle B. Alip and fourteen of his colleagues established CARD, Inc. as a social
development organization in December 1986. A remarkable microfinance institution (MFI) that is
currently leading the pack of microfinance institutions in the Philippines has grown from the simple
idea of establishing a bank owned and run by landless women.
CARD Inc. aims to provide its microfinance services to more households as many Filipino families
continue to live in poverty. Since launching its Grameen-style microlending program in 1989,
CARD has dedicated a lot of time to improving the approach with the aim of accomplishing the
dual objectives of outreach and sustainability.
Microfinance loans can be utilized for a variety of purposes, including expanding a business,
accumulating assets, and managing risk, much like people in more developed economic regions
can. Additionally, microfinancing enables members of the lower socioeconomic groups to advance
financially without turning to unregulated moneylenders and debt collectors who pose a greater
risk to borrowers (Tiwari, Fahad 2017).
For the members of CARD, Inc., a weekly center meeting acts as a training ground for growth and
development. Members can engage, talk about plans and activities, and offer solutions to issues
that arise within the group in this setting. This also served as a way for CARD, Inc. to keep track of
how each member was doing regarding attendance, payback, and projects. Women are given
leadership skills through the Center Meetings, which gives them more influence. A Center Chief, a
CARD, Inc. member chosen by the group, serves as the meeting's chairperson. The minutes
logbook, on the other hand, is kept and preserved by the secretary of each center (CARD, Inc.).
This case study approach to investigate the impact of center meetings in the lives of the CARD,
Inc. members. Field researchers was undertaken in CARD Tagum 1 unit, where they attended two
center meetings.
At the end of this study, the researchers should be able to give a conclusion about the importance
of the center meetings, as well as offer suggestions to improve or enhance the conduct of center
meetings.
Conclusion
According to the study, taking part in the program had various positive effects on borrowers' lives,
particularly in terms of self-satisfaction and financial stability. Villagers frequently expressed
increased confidence in their own abilities to handle their own finances. The negative criticism
from other members that attending the meetings takes too much time comes along with these
great outcomes of the center meetings. In addition, this study discovered that the AO, or
Accounting Officer, also contributes significantly to the success of every center meeting.
Center meetings serve as a channel for communication between the members and the directors of
CARD Inc. Without them, the members' concerns won't be addressed, their loans won't be
updated, and information from the main office won't be distributed properly. Additionally, keeping
meetings brief but productive has many benefits for both the members and the AO.
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