2008 Citi Microentrepreneur of the Year (MOTY) Awards
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Citi Philippines, the Microfinance Council of the Philippines Inc., and the Bangko Sentral ng Pilipinas are conducting the sixth run of the Citi Microentrepreneur of the Year (MOTY) Awards, a nationwide search for outstanding Filipino microentrepeneurs. The awards program aims to create awareness of and provide support for microfinance by giving due recognition and honor to outstanding microentrepreneurs.
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There are two awards categories for the MOTY Awards, the Masikap Award and the Maunlad Award. A national awardee and three island group (Luzon, Visayas, and Mindanao) awardees will be chosen for each category. The respective prizes are as follows: PhP150,000 for the national awardees and PhP75,000 for the island group awardees. Note that in addition to the prizes for the microentrepreneurs, the loan officers of the eight awardees will be given PhP10,000 each as incentive for participation in the program.
The MOTY was first conducted in 2002 as part of the celebrations marking Citi’s 100 years of presence in the Philippines. Mr. Josephine Alima, a peanut cookie manufacturer and microloan client of MABS participating bank First Isabela Cooperative (FICO) Bank – won the top award. Ms. Victoria Lim and Ms. Emilia Montinola, microloan clients of the Cantilan Bank and the New Rural Bank of Victorias also won major awards that year.
For the next four runs of the MOTY, microloan clients of MABS participating banks consistently made it to the winners’ list. Eighteen (18) microloan clients of MABS participating banks have been so far named MOTY winners – nine won in the Maunlad category and eight in the Masikap category. Six of the 18 won the major National prize – four Maunlad National winners and two Masikap winners.
In 2004, Mr. Orlando Dulay (buko pie manufacturer and FICO Bank client) was named the Luzon Maunlad Awardee, Mrs. Elma Garan (owner of a spice re-packaging business and Rural Bank of Santo Tomas (RBST) client) won the Mindanao Maunlad Award category, and Mrs. Ruby Caiña (bakery owner and microloan client of the Rural Bank of Talisayan) was named the Mindanao Masikap Awardee.
Ms. Imelda Brutas, a kakanin maker and a client of the Rural Bank of Dulag, won the 2005 Masikap National Award. Mr. Luciano Mendoza, a client of FICO Bank who manufactures ice-cream sticks, was the Luzon Awardee for the award’s Maunlad category.
In 2006, MABS participating bank clients won five of the nine major awards. Ms. Jennilyn Antonio, a peanut butter manufacturer and a client of the Rural Bank of Mabitac, won the Maunlad National Award. Ms. Luz Pagdanganan – a microloan client of Green Bank who manages five carinderia outlets - was named the Maunlad MOTY for Mindanao . Golden 7 Bank client Ms. Jocelyn Llamoso won the Masikap MOTY for Luzon ; Ms. Llamoso runs a successful handicrafts business. Rural Bank of Dulag microloan client Leovigildo Aday won the Masikap MOTY for Visayas. Mr. Aday manufactures and distributes taho (soy bean curd). Ms. Rizalina Magdula, a microloan client of First Isabela Cooperative (FICO) Bank and owner of a junkshop recycling business, won the Special Environment Award.
Last year, FICO Bank microloan client Henry Bayaua received the Maunlad National Award. Mr. Bayaua runs an agricultural equipment manufacturing business. RBST microloan client Milagros Dorado was recognized as the Masikap National Awardee. Ms. Dorado raises ducks for egg production and sells the eggs to balut manufacturers. Aside from the two major winners, three other MABS participating bank microloan clients were recognized. Allan Geron, a microloan client of Bangko Kabayan received the Maunlad MOTY for Luzon. Rural Bank of Dulag microloan client Ruel Limpin was named the Maunlad MOTY for Visayas. Ms. Virginia Dimayuga, a microloan client of Bangko Kabayan, received the 2007 Masikap MOTY for Luzon.
For the 2008 run, we are confident your microloan clients will continue this winning tradition.
In line with this, the MABS Program encourages your bank to submit nominations. You may nominate your bank’s top three microenterprise clients for each category.
Please go through the eligibility criteria for each category. Please ensure that the market value of nominees’ assets are at or below the amount specified (maximum PhP300,000 for the Masikap category and maximum PhP1 million for the Maunlad category) and that all the necessary information have been provided. Please also verify that your nominee meets the 100% repayment criteria.
If available, please send photocopies of supporting documents (e.g. loan status report, clients’ sales and income records, list of employees, etc.
To improve your clients’ chances of winning, we are also encouraging you to submit short write-ups (with strong human interest slants or highlighting your nominee’s business skills) and pictures of your clients and their businesses (preferably, action shots with their main product displayed prominently).
The following files are available for download:
You may reproduce nomination forms for the Maunlad and Masikap categoriesfor distribution to your account officers. The account officers should fill up the nomination forms and submit these to the top management, who will then choose the top three nominees.
Please do not forget to submit the tracking sheet along with your nomination forms (signed by the branch manager or supervisor).
Please submit your nominees to MABS. These nominations will be forwarded to the Rural Bankers Association of the Philippines, where a committee will screen the nominees, choose the fifteen most outstanding microentrepeneurs for each category, and submit these to the Citigroup review panel.
Please mail the filled-up nomination forms, along with pictures of the clients, information on their business activities, and a brief profile of the clients to: RBAP-MABS, Ground Floor, RBAP Building, A. Soriano corner Arzobispo Street, Intramuros, Manila. All nominations should be received by RBAP-MABS not later than July 4, 2008.
For clarifications and to answer any questions you may have, please call Cheryl Balingit at our Manila office at 02-400-0971 or 02-400-0940 or send an e-mail at cheryl.balingit@yahoo.com.
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