Dear Partners and Friends,
Rafael B. Buenaventura Micro Finance Resource Center Foundation, Inc. (the RBB Foundation) in partnership with Microfinance Council of the Philippines, Inc., the Rural Bankers Association of the Philippines-Microenterprise Access to Banking Services (RBAP-MABS), PinoyME Foundation, and the Bangko Sentral ng Pilipinas, are launching the first Rafael B. Buenaventura Award for Outstanding Microfinance Institutions (the “Paeng” Microfinance Awards).
Through this award, the RBB Foundation will recognize Microfinance Institutions (MFIs) who through their initiatives have been able to carry out exemplary work, worthy of emulation, empowering community, sector or barangay. Specifically, the Paeng Microfinance Awards will honor five (5) MFIs for their PIONEERING work in the microfinance industry. PIONEERING work can be typified either as a product, service or delivery mechanism that has been refined or innovated and introduced for the first time or, it can refer to the MFI’s entry into new or remote areas and making access available to target community/clients that had never been served by microfinance.
In recognition of their contribution, the MFIs will receive technical assistance consisting of a wide range of areas and tailor fit to their needs with the view to improving and strengthening their capacity to become commercially sustainable.