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Financing small-scale fisheries in the Philippines

A policy brief










 Badiola, J.A.R., Guinto, E.J., Das. P.K., Gietzen, T., Yang. L. and Van Anrooy, R. 2021. Financing small-scale fisheries in the Philippines – A policy brief. Rome




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    Development of a credit and insurance programme for small-scale fisheries in the Philippines 2022
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    Small-scale fisheries (SSF) make an important contribution to nutrition, food security, sustainable livelihoods, and poverty alleviation in the Philippines. The Agricultural Credit Policy Council (ACPC) with support from the Asia and Pacific Rural and Agricultural Credit Association (APRACA) and FAO implemented a project from 2020 to 2021 to analyse and improve the availability of financial services to SSF in the Philippines. This circular describes the steps taken by the project implementing agencies and partners in the development of a credit and insurance programme for small-scale fisheries. The document summarizes the project’s achievements and includes information about its outputs, such as training materials, a list of stakeholders and the established network. The project identified the main stakeholders involved in the financial service provision to SSF. The team then surveyed and analysed the current supply of financial and insurance services as well as the demand for such services by fishers and fisherfolk organizations. Based on the survey results, ACPC developed training materials, which follow a train-the-trainer approach. Trainings were conducted in November 2021 for representatives from government organizations, non-governmental organizations (NGOs), financial institutions (both public, private and microfinance institutions) and fisherfolk organizations. The trainings covered business development services for the SSF and the processes used by financial institutions to supply financial services to SSF. ACPC and APRACA established a network of stakeholders interested in exchanging experiences and increasing financial service provision to SSF. The PhilNet SSF network was launched on 29 November 2021. Eighteen institutions participated in 2021 in the network, demonstrating a wide interest in engaging on the subject. Several financial sector stakeholders involved in the project have made efforts to increase their financial services provision to SSF. The project laid the groundwork for further improving financial and insurance services provision to SSF in the Philippines.
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    Book (stand-alone)
    Report of the Expert Workshop on Guidelines for Micro-finance, Credit and Insurance for Small-scale Fisheries in Asia, Bangkok, Thailand, 7-9 May 2019
    Bangkok, Thailand, 7-9 May 2019
    2019
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    The Expert Workshop on Guidelines for Micro-finance, Credit and Insurance for Small-scale Fisheries in Asia was held in Bangkok, Thailand in the period 7-9 May 2019. Rural finance, insurance and fisheries experts from Bangladesh, China, India, Indonesia, Japan, Philippines, Thailand, UK, Canada and the USA met to discuss ways to improve the access to financial services for small-scale fishers in Asia. The workshop aimed to discuss successful finance and insurance programmes in Asia for small-scale fishers, finalize practical guidelines in support of better access to financial services, and design a capacity building programme for increasing the provision of finance and insurance services to small-scale fisheries. The workshop was attended by 32 experts and was organized by the Asia-Pacific Rural and Agricultural Credit Association (APRACA) in close collaboration with FAO. The insurance and credit guidelines prepared will facilitate the implementation of the Voluntary Guidelines for Securing Sustainable Small-Scale Fisheries in the Context of Poverty Eradication and Food Security (SSF Guidelines), as well as contribute towards achievement of Sustainable Development Goal 14. Access to finance and insurance services will enable the small-scale fishers to invest in more responsible fishing operations and technologies, reduce overfishing, contribute to fisheries management and implement climate change adaptation measures. The micro-finance, credit and insurance guidelines for small-scale fisheries have been endorsed by APRACA members in June 2019, and implementation throughout the Asian region is promoted.
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    Book (stand-alone)
    Guidelines for micro-finance and credit services in support of small-scale fisheries in Asia
    A handbook for finance and fisheries stakeholders
    2019
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    These Guidelines for increasing access of small-scale fisheries to credit and microfinance services in Asia have been developed to support the implementation of the Voluntary Guidelines for Securing Sustainable Small-Scale Fisheries in the Context of Food Security and Poverty Eradication (SSF Guidelines). The purpose of these guidelines is fourfold, i.e. to: • Increase awareness about the financial service needs of small-scale fishers (SSF) for more sustainable and inclusive access to finance; • Guide policy and decision makers in the Asia-Pacific region and elsewhere, to help introduce and incentivize financial services to small-scale fishers, with the ultimate objective to encourage investment in the industry and by doing so influence and strengthen sustainability, ecological and economic viability of these fisheries; • Build capacity among financial service providers, fisherfolk organizations, NGOs, and concerned government agencies, to design and implement financial service products and programmes that suit the needs of small-scale fishing communities and enhance social protection; and • Promote financial services that incentivize and reward a responsible and sustainable conduct of fishing, fish processing and marketing operations. The document commences by laying out the background and context, purpose and target audience of these Guidelines. It describes why microfinance and credit are important for small scale fisheries and why many small-scale fishers are not currently financed, which includes a discussion of risks. The Guidelines suggest entry and leverage points for actors interested in supporting the access of financial services for SSFs and compares agriculture (smallholders) and SSF business characteristics. The Guidelines identify a range

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