fbpx Disaster-Resilient Microfinance: Learning from Communities Affected by Typhoon Haiyan | Asian Development Bank

Disaster-Resilient Microfinance: Learning from Communities Affected by Typhoon Haiyan

Publication | May 2016
Disaster-Resilient Microfinance: Learning from Communities Affected by Typhoon Haiyan

This analysis of the economic recovery of households in the Philippines badly affected by typhoon Haiyan (Yolanda) explores how microfinance can improve its role before and after such disasters hit.

Microfinance is now an embedded feature of almost all low and middle income countries inextricably linked to the development of local markets and economies. These countries are often the most exposed to extreme climate events.

The report sets out the experience, analysis and conclusions of VisionFund International and their Philippine microfinance operation Community Economic Ventures Incorporated (CEVI). This analysis follows the economic recovery of over 4,000 client households badly affected by typhoon Haiyan over the 18 months following the calamity and seeks to derive recommendations for future financial disaster risk management solutions. The work was funded by the Integrated Disaster Risk Management Fund of the Asian Development Bank with financial support from the Government of Canada.

Contents 

  • Introduction
  • Overview: A Layered View of Risks and Financial Safety Nets
  • A Case Study: Typhoon Haiyan
  • The Benefits of 'Before the Event' Funding
  • Implications and a Way Forward