Organization Mission: What problem is your organization committed to solving? In particular, describe what is innovative about your approach.
Our organization recognizes the presence of many OFWs in Singapore that can potentially play significant roles in financial inclusion in their home countries. The objective of our outreach in targeting the migrant workers – often regarded as the “excluded sector” – is for them to become active economic participants of both the labor sending and remitting countries. The organization saw the importance of helping these OFWs change their mindset and remittance behaviors so that they can fast-track their financial goals through job generation, asset creation and family reunification.
Impact: What has been the impact of your solution to date?
To date, the organization has seen over 1,300 of its enrollees graduating from its programs. Other than Filipino migrant workers, who will remain a priority of our target group, the courses have also seen participants from other foreign worker communities such as Indonesians, Sri Lankans, Malaysians, Bangladeshis, etc. Thus far, 20 OFWs have returned home permanently to be reunited with their families, and around 50% of the migrant workers have concretized their number of years in Singapore. More than 80 family enterprises were established and expanded through their own savings; 117 family enterprises were established through the intervention of ASKI Global as well as microfinance loans from ASKI Philippines.
Impact: What is your projected impact after receiving consulting support from American Express?
After participating in the consulting partnership, we hope to be able to utilize what we have learned into casting a wider net in terms of bringing in sponsors/donors to our organization. In particular, we hope to engage more sponsors from the international arenas. We also envision an innovative marketing strategy that could expand our program base/reach.
Sustainability: Do you currently have the financial and human resources to implement new strategies or recommendations offered through this partnership, or would implementation be dependent on receiving additional funding? Please describe.
As a non-profit organization, we run on limited resources, both financially as well as in terms of human resources. ASKI Global will take into account all the strategies and recommendations that have been suggested and work through budget proposals before each implementation. Should additional funding be needed so that the new strategies/recommendations can be put into action, we will exert extra effort to secure the resources needed to implement the innovations.