President Aquino lauds Filipino micro-enterprise consortium’s steps to uplift lives of Filipinos through microfinance

PRESIDENT Benigno S. Aquino III lauded on Tuesday Filipino micro-enterprise consortium
PinoyME for its pioneering efforts at helping government’s poverty-alleviation programs
by providing enterprising Filipinos in poor communities with innovative and cost-effective
opportunities to link up with the mainstream market and thereby uplift their quality of life.

The President congratulated PinoyME for heeding his mother, former President Corazon
Aquino’s call “to continue tapping into the spirit of People Power so that we may create better
lives for our less fortunate countrymen.”

“And I must congratulate PinoyME for doing just that (heeding his mother’s call) through
their continued work toward giving our countrymen more opportunities to defeat poverty
through their own efforts—specifically through microfinance and micro-entrepreneurship,” the
President said.

“These activities of PinoyME have been a significant help in our administration’s efforts
to alleviate poverty. Through your help, less fortunate Filipinos are able to earn additional
income. This reduces their dependency on state subsidies, and strengthens their resistance
to external shocks such as calamities or family emergencies,” he added.

He likewise lauded other microfinance institutions “for taking the lead in promoting a lasting
way of lifting the poor out of poverty.” (PIA)

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