RBAP-MABS trains another set of rural banks to offer Housing Microfinance services

More rural banks are now preparing to offer housing microfinance (HMF) services as RBAP-MABS trains its third batch of bankers on market research for the HMF loan product. Twenty-five (25) participants from 9 rural banks interested in developing housing microfinance services for their clients attended the training held on August 25-27 in Mallig, Isabela.

Held as a collaborative effort of the USAID-supported RBAP-MABS Program and its certified service providers, Punla sa Tao Foundation and Microfinance Innovation Center for Resource and Alternatives (MICRA), the training was initiated by Ms. Praxedes Ignacio, President of the Northeast Luzon Microfinance Council.

The rural banks and microfinance institutions represented in the training were Rural Bank of Mabitac, Philippine Rural Banking Corp. (PR Bank), Mallig Plains Rural Bank, Agri-Business Rural Bank, Cagayan Valley Cooperative Bank, Rural Bank of Luna (Kalinga-Apayao), North Pacific Banking Corp. (a Rural Bank), Rural Bank of Maddela and Nueva Segovia Consortium of …

RB Angeles holds first Microfinance Credit Committee Meeting

Having completed the MABS Approach training and technical services course, Pampanga-based Rural Bank of Angeles (RBA) is now offering microfinance loans to microenterprise clients in various markets in Pampanga.  The bank held its first Microfinance Credit Committee meeting and released its first wave of loans in January to jumpstart its microfinance operations.

According to RBA President Robin King, the bank believes that “the MABS Approach to Microfinance emphasizes basic banking principles of knowing your customer well; finding out what their financial needs are; and in micro-lending, making sure that cashflow supports the loan structure rather than any form of collateral or support,”

He added that “based on market surveys in the areas where RBA branches are located, there appears to be a good market for microfinance. … RBA is intent on tapping this market extensively before venturing out to other areas.”

With the support and expertise provided by its new …