Download MABS August 2009 Highlights
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August 2009 Highlights
August 31, 2009 By Leave a Comment
MABS reviews Cantilan Bank’s operations
August 29, 2009 By Leave a Comment
Housing microfinance was one of the key microfinance products that MABS reviewed in Cantilan Bank.
MABS reviewed Cantilan Bank’s microfinance (MF) operations in a four-day technical assistance visit conducted in August 2009. With the bank’s microfinance team, MABS visited selected branches to determine good practices and areas for improvement regarding the bank’s microfinance services which include: MicroEnterprise Loan (MEP) for groups and individuals, Housing Microfinance (HMF), and their Mobile Phone Banking Services. [Read more...]
MABS studies client demand for microinsurance in Cantilan Bank
August 29, 2009 By Leave a Comment
As part of its microinsurance initiative, MABS visited Cantilan Bank on August 25-28 to evaluate the microinsurance services currently offered to clients by the bank’s partner insurance company, the Philippine American Life and General Insurance Company (PhilAm Life). MABS also studied client demand for insurance around the area and explored how the bank’s insurance services could be expanded.
MABS conducted focus group discussions and surveys with the clients and found out that there is an overall satisfaction regarding the microinsurance products, friendly service and professional staff.
The project assessment and client demand research are part of MABS’ move toward establishing a microinsurance delivery system through the partnership model, where a rural bank engages the services of a licensed and regulated commercial insurance provider. PhilAm Life’s personalized approach allowed for continuous improvement and adaptation in the claims procedures. The insurance agent allows the submission of alternative documents and continuously comes up with new methods to process claims to clients in rural communities serviced by the bank.
As part of its microinsurance initiative, MABS visited Cantilan Bank on August 25-28 to evaluate the microinsurance services currently offered to clients by the bank’s partner insurance company, the Philippine American Life and General Insurance Company (PhilAm Life). MABS also studied client demand for insurance around the area and explored how the bank’s insurance services could be expanded.
MABS participating banks share microfinance services for entrepreneurs on APEC seminar
August 29, 2009 By Leave a Comment
RB Mabalacat President George Dycaico along with other rural bankers shared the financial services and products rural banks offer to entrepreneurs in the countryside.
As part of its microinsurance initiative, MABS visited Cantilan Bank on August 25-28 to evaluate the microinsurance services currently offered to the bank clients by a local private insurance company. MABS also studied client demand for insurance around the area and explored how the bank’s insurance services could be expanded.
MABS conducted focus group discussions and surveys with the clients and found out that there is an overall satisfaction regarding the microinsurance products, friendly service and professional staff.
The project assessment and client demand research are part of MABS’ move toward establishing a microinsurance delivery system through the partnership model, where a rural bank engages the services of a licensed and regulated commercial insurance provider. The insurance provider’s personalized approach allowed for continuous improvement and adaptation in the claims procedures. The insurance agent allows the submission of alternative documents and continuously comes up with new methods to process claims to clients in rural communities serviced by the bank.
The Asia-Pacific Economic Cooperation (APEC), Department of Social Welfare and Development (DSWD), National Youth Commission (NYC), and Philippine Center for Entrepreneurship – Go Negosyo held a three-day seminar-workshop on developing a framework for coaching the country’s out-of-school youth (OSY) on entrepreneurship. About 100 entrepreneurs from the Philippines, China and Indonesia attended the seminar held on August 26-28 at the Pan Pacific Manila Hotel.
MABS Chief of Party John Owens, Rural Bank of Mabalacat President George Dycaico, Green Bank Branch Manager Fidel Suarez, and Rural Bank of San Mateo Assistant General Manager Katrina Pilapil shared with young entrepreneurs the types of products and services that rural banks offer to entrepreneurs across the countryside. In particular, they also shared how entrepreneurs can prepare themselves and their businesses to access these financial services.
The seminar-workshop was an initiative of APEC’s Human Resources Development Working Group. APEC is a forum of 21 member economies united in the desire to facilitate economic growth, trade, investment and cooperation in the Asia-Pacific region.
MABS provides technical assistance to Mallig Plains Rural Bank
August 29, 2009 By Leave a Comment
MABS conducted a three-day technical assistance (TA) visit for Mallig Plains Rural Bank on August 26-28, 2009. A pioneer in offering microfinance services in Cagayan Valley, Mallig Plains Rural Bank continues to stand as a dominant institution in the regional rural banking industry with its 15 branches all over Isabela, Cagayan, and Quirino.
During this visit, MABS reviewed the bank’s microfinance products, particularly its group loan product. The team also conducted field visits, interacted with clients, and analyzed the bank’s lending processes and management system. Through the review findings, MABS recommended steps to further enhance and strengthen the bank’s operations.
MABS conducted a three-day technical assistance (TA) visit for Mallig Plains Rural Bank on August 26-28, 2009. A pioneer in offering microfinance services in Cagayan Valley, Mallig Plains Rural Bank continues to stand as a dominant institution in the regional rural banking industry with its 15 branches all over Isabela, Cagayan, and Quirino.
During this visit, MABS reviewed the bank’s microfinance products, particularly its group loan product. The team also conducted field visits, interacted with clients, and analyzed the bank’s lending processes and management system. Through the review findings, MABS recommended steps to further enhance and strengthen the bank’s operations.
