Poor attitude towards credit contribute to failure

It is more fun criticizing

There is a running joke that oftentimes the borrowers are rabid towards the debt collectors. (when it should be the other way around, since the lender is on a high moral ground)   Borrowers too get sickness like blindness, deafness, and loss of memory when it comes to the money they borrowed.  Such a behavior even goes to reality shows.

The sad reality is that scores of rural banks and micro lending have closed shops.  What is the reason for such a high mortality?   Non repayment due to obstinacy of borrowers to pay back their borrowed funds.

The borrowers make the lending conduit tighter and narrower and makes living more difficult.  

The good old habit is to pay the money borrowed.  We were to cross the difficulties with borrowed money and it truly right and just to pay it back.   The money that is being used to help others will be used to help others more 

This should be the knowledge about financial literacy instead   https://www.robinsonsbank.com.ph/knowledgebank/5-habits-of-financially-responsible-filipinos/

Alternative:    G Cash loan up to P125K

Philippines is not a poor country

It is more fun criticizing

Because of the continuous negative publicity of the enemies of the state here and abroad, plus political detractors of administration, we are led to believe that Philippines is a poor country.   Try to look at the figures of the poverty.

Try to see the GDP numbers for 1st Quarter;  Philippines is tops. This is despite the perceived perception of recession and inflation world wide.   We are number 36th in world GDP rankings as of 2022. 

The economy of the Philippines is an emerging market, a newly industrialized country and one of the most dynamic in Asia-Pacific region.^[33] As a developing economy, the country is working towards achieving greater industrialization and economic growth.^[34] The Philippine economy is the world's 36th largest by nominal GDP and 15th largest in Asia according to the International Monetary Fund in 2023.

 Some list us at number 19.  Our foreign exchange reserve is high.  We have manageable debt to GDP ratio.  (Japan has the worst at 269% of its GDP) 

All we need to do is reach the trillion GDP numbers.   If we go to the provinces, we see a lot of infrastructures and beautiful attractions.   Time to rethink our perception of our own country.   

China with its exodus of manufacturing firms is pitiful compared to the Philippines.  

We expect that Philippines will be ranked 27th by 2037    http://www.cnnphilippines.com/news/2022/12/27/ph-economy-accelerate-growth.html 

The Philippines is projected to continue its growth run in the coming years... lifting the country from 38th spot in the ranking as of 2022 to 27th by 2037," CEBR said.

Observance of pedestrian law provision of LTO law

It is more fun criticizing

The former mayor of this town was killed while crossing the highway;  he was ran over by a speeding vehicle.

Now it is no longer the former mayor who are at risk of being bumped or being run over by motor vehicles.  But many others who cross at the pedestrian lane.  A gentle reminder on the pedestrian lane law.  Section 43C of the LTO law  It came from this post.  

It is my experience on a daily basis that it is dangerous to cross at pedestrian law, even  if there are such toothless laws

https://ulongnuno.blogspot.com/2017/06/enforcing-pedestrian-lane-crossing-law.html

(c) The driver of any vehicle upon a highway within a business or residential district shall yield the right of way to a pedestrian crossing such highway within a crosswalk, except at intersections where the movement of traffic is being regulated by a peace officer or by traffic signal. Every pedestrian crossing a highway within a business or residential district, at any point other than a crosswalk shall yield the right of way to vehicles upon the highway.

Vehicles do not slow down at pedestrian lane.   There are some who do but very rare.

Let us make the pedestrian lane a haven for pedestrians and not make them merely as decorations