RBAP-MABS Microinsurance Partners Recognized at Gabi ng Parangal

February 1, 2012 By Leave a Comment
Insurance Commission Commissioner Emmanuel Dooc

Insurance Commission Commissioner Emmanuel Dooc delivers his message during the ceremony

To culminate Microinsurance Month, the Insurance Commission spearheaded an awarding ceremony themed “Gabi ng Parangal at Pasasalamat sa mga Tagapagtaguyod ng Microinsurance” to recognize organizations promoting microinsurance in the country. The awarding ceremony was held on January 31 at the Philippine International Convention Center.

Three partner insurance providers and two participating banks of the United States Agency for International Development-supported Rural Bankers Association of the Philippines-Microenterprise Access to Banking Services (RBAP-MABS) Program were among those recognized during the ceremony. Country Bankers Life Insurance Corporation, Pioneer Insurance, and Philippine Prudential Life Inc., were cited as outstanding life and non-life commercial companies while the Rural Bank of Talisayan and Katipunan Bank were recognized for their mutual benefit associations.

Since 2008, RBAP-MABS has been collaborating with rural banks and the regulatory institutions to improve access to insurance options of low-income households. To do this, RBAP-MABS works with the insurance-providers on product options that can be made available to the rural bank clients while training and assisting rural banks with the licensing process of the Insurance Commission (IC) and the Bangko Sentral ng Pilipinas (BSP). To date, 354 rural bank officers and staff from 168 rural banks have completed the Basic Microinsurance Training Course and 61 banks are in the approval process of IC and BSP. Today, more than 472,600 rural bank clients and their household members are now availing microinsurance services through 128 rural bank offices.

Filed Under: Latest Updates, Microinsurance Tagged With: , , , , , ,

RBAP-MABS Participating Rural Bank Clients receive Citi Microentrepreneur of the Year Awards

November 24, 2011 By Leave a Comment
Citi MOTY Awardees take center stage with judges during the awards night

Citi MOTY Awardees take center stage with the judges during the awards night

The 2011 Maunlad Awardee, one of the two major national winners of the Citi Microentrepreneur of the Year (MOTY) Awards, is a microenterprise borrower of a participating rural bank of the United States Agency for International Development-supported Rural Bankers Association of the Philippines-Microenterprise Access to Banking Services (RBAP-MABS) Program. Three other clients of MABS participating banks were also named regional winners.

[Read more...]

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Call for Nominations: Citi Microentrepreneur of the Year (MOTY) Awards

June 14, 2011 By Leave a Comment

Dear Friends and Partners,

Citi Philippines, the Microfinance Council of the Philippines Inc., and the Bangko Sentral ng Pilipinas are conducting the ninth run of the Citi Microentrepreneur of the Year (MOTY) Awards, a nationwide search for outstanding Filipino microentrepreneurs. The awards program aims to elevate awareness of and provide support for microfinance by recognizing outstanding microentrepreneurs.

There are two awards categories: the Masikap Award and the Maunlad Award. The Masikap Award is open to microentrepreneurs who successfully started a business that is now a reliable source of income for the family. The Maunlad Award, on the other hand, is open to microentrepreneurs that have grown a business to a level that is now generating employment for people apart from household or family members.

A national awardee and three island group (Luzon, Visayas, and Mindanao) awardees will be chosen for each category. The respective prizes are as follows: PhP200,000 for the national awardees and PhP100,000 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. In addition to the cash prizes, this year’s awardees will also receive a 3-year life and health insurance coverage to protect them from unforeseen events that may affect their business.

[Read more...]

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2010 MABS EAGLE Awardees

May 26, 2011 By Leave a Comment

In May 2011, MABS named two of its outstanding participating banks as the EAGLE ACHIEVEMENT Awardees for 2010. These were Bangko Kabayan and Rural Bank of Gattaran.

In recognition of the banks’ exemplary performance in 2010, MABS prepared video documentaries presenting each bank’s success and best practices. These videos are now available online.

Click the following links to watch the videos:

The EAGLE Achievement Award

The annual EAGLE Awards is MABS’ way of recognizing its excelling partner rural banks based on their Efficiency, Asset Quality, Growth, Liability Structure, and Earnings (EAGLE). Every year, MABS conducts an assessment of its participating banks’ performance particularly in microfinance. The results of the annual assessment are presented to the rural banks in a score card format along with written analyses and recommendations for improvement, usually during the annual National Roundtable Conference. Those that met MABS’ standards for excellence are awarded the EAGLE Achievement Award.

Filed Under: Announcements, MABS Features, Videos Tagged With: , , ,

Going green to greener pasture

November 18, 2010 By Leave a Comment

Mr. Ismael Adiaton, First Macro Bank Microentrepreneur client
2010 Citi Microentrepreneur of the Year Special Awardee for Green and Sustainable Enterprises

When his hardware store in Taytay, Rizal was ransacked several years ago, Ismael Adiaton felt depression overtake him. He had lost the business that cost him 13 years of hard work in the Middle East. He had lost the dream that he hoped would give his family a better life.
Disheartened as he was, he struggled to move on and invested in another business: construction. However, his partner ran off, taking his P500,000 and the hope of salvaging their livelihood.
Twice beaten down, Mang Ismael still did not give up. Soon, he put up a junkshop with a friend and took care of the shop’s operations. Every midnight, he would go around the neighborhood with his wife and his helper, checking piles of garbage for recyclable scrap metal. Little by little, his new business grew. When one of his workers suggested buying equipment for can recycling, he saw new opportunities for his junkshop business.
“Junkshop business had a lot of competition,” Mang Ismael said in Filipino during an interview with the Microfinance Council of the Philippines, Inc. (MCPI). “I saw the potential with cans and there were only a few players. I didn’t find another business where the demand is greater than the supply.”
Slowly, he converted his junkshop into a can recycling plant. They collected and processed cans, helping not only his family but also the environment. He availed of loans from First Macro Bank’s Angono branch and used them to expand his business. He was able to invest in more machines, including 4 big power press units, 5 small power press units, 2 vehicles and 2 computers. He was also able to put up a bakery, a sari-sari (variety) store, and a carinderia.
A man who never lost faith and kept on working his hardest, he now shares his blessings with other people, including his 21 employees to whom he regularly preaches the Gospel and provides free meals and lodging.
In recognition of his success, perseverance and contribution to the environment, Mang Ismael was awarded the 2010 Citi Microentrepreneur of the Year Special Award for Green and Sustainable Enterprises. He was among the ten Filipino microentrepreneurs who were recognized on November 17 at the BSP Compound in Manila for their outstanding performance in their businesses.
This year’s annual ceremony marks the 8th run of this prestigious award sponsored by Citibank and MCPI, and supported by the Bangko Sentral ng Pilipinas (BSP). The nationwide search was open to all microfinance organizations representing the rural banking sector, credit cooperatives and microfinance NGOs, but only ten awardees were selected from the various nominations to represent the “New Heroes of Today”, as BSP Governor Amando Tentangco called them in his keynote speech. All awardees received a cash prize and a trophy. The account officer and branch managing the account of the awardees also received cash prizes and plaques.

Ismael Adiaton and wifeWhen his hardware store in Taytay, Rizal was ransacked several years ago, Ismael Adiaton felt depression overtake him. He had lost the business that cost him 13 years of hard work in the Middle East. He had lost the dream that he hoped would give his family a better life.

Disheartened as he was, he struggled to move on and invested in another business: construction. However, his partner ran off, taking his P500,000 and the hope of salvaging their livelihood.

Twice beaten down, Mang Ismael still did not give up. Soon, he put up a junkshop with a friend and took care of the shop’s operations. Every midnight, he would go around the neighborhood with his wife and his helper, checking piles of garbage for recyclable scrap metal. Little by little, his new business grew. When one of his workers suggested buying equipment for can recycling, he saw new opportunities for his junkshop business. [Read more...]

Filed Under: MABS Features, MABS Highlights, Success Stories Tagged With: , , , , ,
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