One in five people in the Philippines lives in extreme poverty
Ajazeera.com Mar 2019
About one in five of the Philippines’s 106 million people lives in extreme poverty, getting by on less than $2 a day.
Many, including children, work long hours as street vendors or laborers to make enough to feed themselves. Hunger occurs the most in the agriculture and fishing sectors where 70 percent of workers are poor.
Wealth Distribution and Income Inequality by Country 2018
The Philippines has one of the biggest gaps between rich and poor in South East Asia with a very low income and high poverty rate.
Poverty in the Philippines, High for Asia, Falls as Economy Strengthens
Voanews.com July 2019
Poverty in the Philippines, a chronic development issue that makes the country an outlier in Asia, is declining because of economic strength followed by job creation.
The archipelago’s official poverty rate dropped to 21% in the first half of last year from 27.6% in the first half of 2015, President Rodrigo Duterte said in his July 22 State of the Nation Address.
Filipinos are smiling a lot more according to the latest Gallup World Happiness Index
MSN.com March 2019
Filipinos are smiling a lot more.
In this Gallup World Poll survey of over 156 countries, the Philippines moves up to 69th happiest country in 2019 from 92nd in 2013.
The survey was calculated using six variables that support the welfare of humans to measure if the country is happy.
- healthy life expectancy,
- social support, and
- the generosity of the citizens
Community participation and support are the keys to the happiness of the Filipino.
Community Crowdfunding based on donation
Asianews Feb. 2019
The CAF World Index provides insight into the scope and nature of giving around the world. Indonesia tops the list but the Philippines only ranks 89th in the world and ranks 10th in Asia.
Charity donation isn’t sufficient to help the Philippines to narrow the gap between rich and poor.
Community Crowdfunding based on cashback
If the funding can be coming from cashback from merchants such as people eating out every day, buying out every day, it will be a good compliment to the donation.
- As an example, GDP per capita for the Philippines is about US$ 2,753 per year https://data.worldbank.org
- Assumed retail merchant networks can cover all walks of life in the Philippines .
- 5% cashback will equate to 5% x US$ 2,753 =US$138 per year
- The Philippines has a population of over 109 million. If half the population can participate, 55 million users will generate cashback close to US$ 7.6 B annually.
- 5% cashback for wealth redistribution can also mean reducing the Gini Index by at least 5%.
Sustainable benefits such as :
- Establish small enterprise funds
- Young people venture funds
- Education funds
- Public Transportation Infrastructure funds
If the cashback funding is used wisely across all provinces, it will boost the economy of all provinces as well as reducing the gap between the rich & poor.
To learn how to create a Cashback program at retail nationwide, please visit CharityiBonus.com