Tag: MCPI

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Call for Nominations: Paeng Microfinance Awards 2012

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 …

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2011 MCPI Conference highlights collaboration for responsible microfinance

Rural Bankers Association of the Philippines-Microenterprise Access to Banking Services (RBAP-MABS) Program helped facilitate two sessions of the 2011 Microfinance Council of the Philippines Inc. (MCPI) Conference last July 28-29 at the Hyatt Hotel Manila. The conference themed, “Making a Difference: Multi-Stakeholder Action towards Responsible Microfinance” aims to promote responsible financial products and practices while addressing global pressing issues and challenges to microfinance.

On the first day of the conference, RBAP-MABS Chief of Party John V. Owens facilitated a session on Avoiding Over-indebtedness with Ms. Mila Bunker, President of Ahon Sa Hirap Inc. (ASHI) and Chairperson of MCPI. The session discussed the causes of over indebtedness and proper ways to conduct credit investigation and cash flow analysis. In particular, these would prevent a borrower from taking in more loans beyond their capacity to pay – a financial practice known as multiple borrowings. The practice of multiple borrowings was also examined …

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

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 …

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How to Avoid an India-type Microfinance Crisis in the Philippines

As prologue to the BSP’s (Bangko Sentral ng Pilipinas) National Microfinance Stakeholders Summit held on April 5, the Rural Bankers Association of the Philippines Microenterprise Access to Banking Services (RBAP-MABS) with support from USAID/Philippines and the Microfinance Council of the Philippines (MCPI) jointly held a pre-summit seminar on April 4 discussing “How to Avoid an India-type Microfinance Crisis in the Philippines”.

Opening the forum, RBAP President Corazon Miller described the India microfinance crisis as “a wake-up call for microfinance practitioners in the Philippines to begin the proactive process of strengthening transparency, following consumer protection practices, improving governance, and becoming better at communicating the value of Microfinance services.”

Led by Ms. Elisabeth Rhyne, Managing Director of ACCION International’s Center for Financial Inclusion and organized for the microfinance stakeholders in the Philippines particularly rural banks, NGOs, credit cooperatives and others, the seminar provided interesting discussions on some of the issues …

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