Female Empowerment: Impact of a Commitment Savings Product in the Philippines

Those that did not withdraw: Reason for not withdrawing

Frequency

Argued with spouse

Bad bank service/bank is far
Could not save
Damaged passbook
Destroyed ganansiya box
Did not need money

Did not like terms/low interest

Forgot about it

Inconvenience

Money stolen (7)/lost (1)
Never joined/not a member
Nobody collected
Not interested

Not to term

Rolled over
Total

1

3

43

1

2

1

3

13

8

9

5

2

1

51

3

149

Those that withdrew: Spent SEED Money on:

Frequency

Fiesta

Children's schooling

Other/did not say

Add to capital of business/sari-sar

Birthday (own, child, grandchild, missus, etc)

Child is giving birth

Children's graduation

Christmas

Contruction of house/repair of kitchen

Everyday needs/necessities/groceries

Medical treatment

Reached time goal (3 months)

Refrigerator

Supplement mothers budget

Total

7

6

4

2

5

1

2

3

2

4

2

1

1

2

42

Spent money on original goal

Spent money on different goal from original

26

14