Download MABS December 2009 Highlights
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December 2009 Highlights
December 31, 2009 By Leave a Comment
MABS conducts Senior Management Orientation for Unilink RB and RB Sta. Rosa
December 16, 2009 By Leave a Comment
MABS and the Microfinance Innovation Center for Resource and Alternatives (MICRA) Philippines Foundation, a MABS affiliated Service Provider (MSP), conducted a Senior Management Orientation (SMO) to the Boards of Directors and Officers of Unilink Rural Bank and the Rural Bank of Sta. Rosa on December 15, 2009.
The MABS team presented the history and accomplishments of the MABS Program and highlighted the positive performance of MABS participating banks as they implemented the MABS Approach to microfinance. The participants were also oriented on how to provide microfinance products and services in their respective banks. The two banks were able to understand the critical operational and cultural success factors required for rural banks offering microfinance services.
MABS and the Microfinance Innovation Center for Resource and Alternatives (MICRA) Philippines Foundation, a MABS affiliated Service Provider (MSP), conducted a Senior Management Orientation (SMO) to the Boards of Directors and Officers of Unilink Rural Bank and the Rural Bank of Sta. Rosa on December 15, 2009.
The MABS team presented the history and accomplishments of the MABS Program and highlighted the positive performance of MABS participating banks as they implemented the MABS Approach to microfinance. The participants were also oriented on how to provide microfinance products and services in their respective banks. The two banks were able to understand the critical operational and cultural success factors required for rural banks offering microfinance services.
MABS reviews First Macro Bank and MicroEnsure’s Microinsurance Service
December 16, 2009 By Leave a Comment
MABS visited First Macro Bank to review and document the bank’s partnership with MicroEnsure Philippines in the distribution of formal microinsurance services for microfinance clients.
First Macro Bank and MicroEnsure Philippines engaged in the partnership model, a microinsurance delivery scheme which involves a financial institution partnering with a leading insurance provider in providing formal microinsurance to clients. With this partnership, the bank is able to offer a term life product with coverage for the principal’s spouse and up to two child-dependents. This microinsurance product allows clients to cover more dependents in exchange for a minimal additional premium fee. Apart from coverage for natural and accidental death, clients are provided burial assistance benefits to help bereaved families cope with their most urgent expenses.
While First Macro is only 4 months into the partnership with MicroEnsure, members of the corporate and branch staff commend the insurance provider for its responsiveness to the bank and client’s needs as well as its collaborative stance in product development. Bank President Reggie Ocampo observes how MicroEnsure’s understanding of the microfinance industry makes the provider easy to communicate with. Mr. Ocampo is optimistic that the new partnership will help the Bank ensure that their clients receive excellent and timely claims settlement. He believes that microinsurance services, in addition to the bank’s low loan interest rate, enhance First Macro Bank’s competitive edge in its localities.
MABS visited First Macro Bank on December 14-15 to review and document the bank’s partnership with MicroEnsure Philippines in the distribution of formal microinsurance services for microfinance clients.
First Macro Bank and MicroEnsure Philippines engaged in the partnership model, a microinsurance delivery scheme which involves a financial institution partnering with a leading insurance provider in providing formal microinsurance to clients. With this partnership, the bank is able to offer a term life product with coverage for the principal’s spouse and up to two child-dependents. This microinsurance product allows clients to cover more dependents in exchange for a minimal additional premium fee. Apart from coverage for natural and accidental death, clients are provided burial assistance benefits to help bereaved families cope with their most urgent expenses. [Read more...]
MABS provides technical assistance to FAIRBank
December 12, 2009 By Leave a Comment
MABS conducted a technical assistance visit to FAIRBank in Bogo City, Cebu on December 8-11, 2009 to review the bank’s operations and assist the bank in improving its services and expanding its client reach. The MABS team assessed the performance of the bank’s top management, assisted the bank in designing a new microinsurance product for Kaabag (group MF loan) clients, and conducted a market survey for housing microfinance among the bank’s current and potential clients. FAIRBank is expected to offer a new microinsurance scheme to their clients in 2010.
USAID-MABS and MicroSave hold M-Banking Dialogue
December 11, 2009 By Leave a Comment
After the Mobile Money Transfer Asia-PacificConference (MMT-APAC) held on December 7-9 held in Manila, USAID-MABS and MicroSave conducted an M-Banking dialogue at the EDSA Shangri-La Hotel in Manila on December 9 and 10. Selected microfinance practioners, networks including MicroSave, MABS, Mercy Corps, MICRA and ACCION, donor-supported efforts including USAID and IFC, various third party providers including EKO from India, and Mobile Money Issuers including Safaricom’s M-PESA and Globe X-Change Inc (GXI/GCASH) participated in the dialogue. [Read more...]
