Do Financial Services Build Disaster Resilience?

Philippines, February 13, 2015

Examining the Determinants of Recovery from Typhoon Yolanda in the Philippines

In response to the effects of Typhoon Yolanda (Haiyan), Mercy Corps initiated programming aimed at speeding affected households' economic recovery and promoting their resilience to future natural disasters. The interventions were designed with the assumption that access to formal financial products, such as savings accounts, as well as the provision of cash assistance would increase households' resilience to future shocks.

This study analyzed household survey data to test this and other common assumptions regarding what characteristics contribute to disaster resilience. The findings shed new light on the potential effectiveness of increasing access to formal financial services, supporting livelihood diversification, and enhancing bonding social capital in contributing to household-level resilience to natural disasters.

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PDF icon Philippines Resilience ToC Testing Report_Final_03.06.15.cm_.pdf

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