PHP9.2 M relief assistance given to Typhoon Karding affected families

A total of PHP9.2 million worth of relief assistance was released by CARD Mutual Benefit Association (CARD MBA) to 30,874 affected microfinance clients of CARD Mutually Reinforcing Institutions (CARD MRI) due to southwest monsoon (hanging habagat), which was strengthened by Typhoon Karding (Yagi).

These affected families are the clients of the four financial institutions of CARD MRI – 11,052 from Center for Agriculture and Rural Development (CARD), Inc. (A Microfinance NGO), 341 from CARD Bank, Inc., 1,350 from CARD SME Bank, Inc., and 18,131 from CARD MRI Rizal Bank, Inc.

Repacking of relief goods and validation of claims for life and non-life insurance were simultaneously done in 106 unit offices and branches of the four financial institutions through the CARD MRI Disaster Relief Assistance Program (CDRAP) under CARD MBA, the insurance arm of CARD MRI.

As of August 16, 2018, according to CARD MRI Disaster Response Chair Deolito C. Valdemar, there are more than 2,500 families who were not yet reached by their team. “There are still areas that are not passable yet, however, we are doing our best to give them immediate response. We are continuously monitoring the situation of the area,” he said.

CDRAP is an initiative by CARD MRI to immediately respond to the needs of its clients in times of disaster. This program is committed to help the clients of CARD MRI to rise up after any disaster that may come to their lives.

“CARD MRI is in the business of poverty eradication. And that means we provide not only microfinance services but also community development programs especially in times of uncertainties. We know that in times of disaster, it is always best to have someone’s shoulder to lean on in rising up again and that is what we continuously do at CARD MRI,” said CARD MRI Managing Director Flordeliza L. Sarmiento.

CARD MRI is a group of 21 development-oriented institutions that improves the quality of life of the socially-and-economically challenged women and families nationwide. To date, CARD MRI has more than 5.5 million clients with total asset of PHP48.4 billion.