Beyond Bang for the Buck | Rare

This study— led by CFI and Rare— investigates how inclusive finance can enhance small-scale fishers in the Philippines’ resilience and adaptation to climate change. People living in communities along the coast of the Philippines, which is prone to natural disasters and extreme weather, are subject to sudden financial emergencies, including climate shocks. An extensive body of research has found that financial services can help vulnerable populations cope with these emergencies, and benefit people and nature.

This study discusses the findings of research conducted in the typhoon-prone Siargao islands of the Philippines, focusing on five coastal municipalities. The research highlights how integrating financial services can strengthen the socio-economic resilience of fisher households, promote sustainable fishing practices, and incentivize behavioral change to support conservation.