In preparation for the Bangko Sentral ng Pilipinas (BSP) regulation on effective interest rate calculations, Ms. Leila Deles of Microfinance Transparency (MFT) showed how this regulation impacts on how interest rates are disclosed to clients and the profitability of microloans. Ms. Deles set the context of the session by emphasizing that pricing transparency refers to [...]
The USAID-supported Rural Bankers Association of the Philippines – Microenterprise Access to Banking Services (RBAP-MABS) Program shared the history of rural banking in the Philippines as well as microfinance best practices and various mobile phone banking services currently used by rural banks to representatives from India, Pakistan, and Sri Lanka on December 14.
Eighteen rural banks based in Luzon and Mindanao recently completed the Rural Bankers Association of the Philippines (RBAP) Basic Microinsurance Training during two separate sessions. Twenty-nine (29) bank officers and staff from ten (10) rural bank-members of the Cagayan-Kalinga Federation attended the training held in Cooperative Bank, Tuguegarao City, on November 24-25 while eleven (11) [...]
RBAP-MABS Outlines Financial Education for Branchless Banking During the 8th Citi-Financial Times Financial Education Summit
The 8th Citi-Financial Times (FT) Financial Education Summit, the most established annual international forum on financial literacy, was held on November 28-29, 2011 in Jakarta, Indonesia. With the theme “Empowering the Disadvantaged: Inclusive and Innovative Approaches to Financial Capability”, the Summit focused on how to increase the uptake of financial education initiatives at grassroots levels [...]