USAID and RBAP Receive BSP Financial Inclusion Partner Award

At the 2012 Awards Ceremony and Appreciation Lunch for stakeholders on July 4, 2012, the Bangko Sentral ng Pilipinas (BSP) presented the United States Agency for International Development (USAID) and the Rural Bankers Association of the Philippines (RBAP) the Financial Inclusion Partner Award for the implementation of the USAID-supported RBAP-Microenterprise Access to Banking Services (RBAP-MABS) Program. BSP Governor Amando M. Tetangco Jr. and members of the Monetary Board hosted the event that was attended by several BSP partner institutions from the National Capital Region (NCR). This annual event is held by the BSP to recognize the significant contribution of partner

2012 RBAP-MABS Microfinance Conference and Awards Ceremony

Over 200 rural bankers and other participants throughout the Philippines attended the 2012 National Roundtable Conference organized by the Rural Bankers Association of the Philippines (RBAP) – Microenterprise Access to Banking Services (MABS) Program. The two-day conference is a gathering of all RBAP-MABS participating banks to share and exchange experiences on microfinance operations, new developments in the field, and marks the Programs’ 15th anniversary. The United States Chargé d’Affaires, Ms. Leslie Bassett, opened the 15th year anniversary of RBAP-MABS and Awards Dinner along with Bangko Sentral ng Pilipinas’ Monetary Board Member Ignacio Bunye.

The MABS Program, now on its 15th …

Microfinance Information eXchange Shares New Updates for Rural Bankers

The Microfinance Information Exchange, or MIX Market, was formed under the belief that a lack of transparency across microfinance institutions (MFIs) and other microfinance players around the world contributes to stymied growth and prevents institutions from performing their best. As such, MIX collects and standardizes financial, operational, product, client and social performance data from MFIs and presents a variety of free web-based tools for MFIs to analyze their performance.

MIX Market’s Asia representative Elizabeth Larson presented during the Rural Bankers Association of the Philippines Microenterprise Access to Banking Services (RBAP-MABS) 2012 National Roundtable conference to explain how MIX Market’s online …

Phl has best microfinance framework

Philippine Star – The Philippines has the best policy and regulatory framework for microfinance in the world, according to the Economic Intelligence Unit (EIU).

The EIU is a global consultancy and research outfit that helps business leaders prepare for opportunity, empowering them to act with confidence when making strategic decisions.

Bangko Sentral ng Pilipinas (BSP) Monetary Board member Ignacio R. Bunye said one of the key reasons for the distinction is the existence of a regulator that issues supportive and enabling policy as well as capacity building regulations.

“Our main approach as been, and will continue to be, to facilitate …

Banks Now Serve 1 Million Active Micro-Borrowers

Opening the 2012 National Roundtable Conference of the Rural Bankers Association of the Philippines – Microenterprise Access to Banking Services Program (RBAP-MABS) on June 7, 2012, Ms. Chuchi Fonacier, Managing Director of Bangko Sentral ng Pilipinas (BSP), cited a set of impressive statistics on how banks in the Philippines have now expanded access to microfinance services.

In her keynote address before the participants of the conference, she cited BSP data on the lending side: 190 banks with microfinance operations are reaching about one million active borrowers with an outstanding loan portfolio of PhP 7.2 billion (US$170 million). In addition to …

Sharing Experiences Using Mobile Money to Enable Banking Services at Next Bank Asia Event

On May 9-10, 2012, I had the great honor of speaking at the Next Bank Asia in Singapore that was all about the future of banks, financial services, and money. The conference focused on the changes in the consumer market, fast evolving technology, and the key factors that are changing the financial services landscape.

The conference included some of the real movers and shakers in the “new vision” of banking including Brett King, Scott Anthony, James Gardner, Derek Sivers, Richard Kelly and Andrea Kershaw, Gordon Cooper, Oliver Weidlich, Scott Bales and other leading experts. View the presentations online.

Although this …

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 …

Rural Banks Learn Best Practices in Developing Housing Microfinance Products

Fifteen (15) participants from seven (7) Luzon rural banks shared their best practices in developing, marketing, and selling housing microfinance product to their clients at the Training Workshop conducted by the United States Agency for International Development-supported Rural Bankers Association of the Philippines-Microenterprise Access to Banking Services Program, in partnership with the Research and Development Department of GM Bank in Nueva Ecija from March 7-9.

The three-day workshop is part of the technical assistance provided by RBAP-MABS to its participating banks. A Focused Group Discussion (FGD) with GM Bank’s group loan clients was conducted to demonstrate FGD facilitation and validation …

RBAP-MABS Prepares Rural Banks for the New Effective Interest Rate Calculation Rules

The first of a series of seminar workshops to prepare banks for the new rules on effective interest rate calculations was held at the Bangko Sentral ng Pilipinas (BSP) Complex at Pasay City last March 8, 2012 to discuss the new regulations and what banks must prepare for. Attended by participants from fifteen (15) rural banks, the workshop was conducted by the United States Agency for International Development-supported Rural Bankers Association of the Philippines-Microenterprise Access to Banking Services (RBAP-MABS) Program, together with the Rural Bankers Research and Development Foundation, Inc. (RBRDFI). Representatives from the BSP were on hand to answer …

Rural Banks Increasingly Accessing the BAP-Credit Bureau

Over the last five years, the number of rural banks utilizing the Bankers Association of the Philippines (BAP) Credit Bureau’s Negative File Information System (NFIS) has grown almost five-fold with seventy-seven (77) rural banks now enrolled and fifty-one (51) rural banks actively using the system. There has also been an almost nine-fold increase in the number of credit inquiries by rural banks.

There are several reasons for the dramatic increase in the number of rural banks enrolled in the BAP-CB and the increase in the number of inquiries.  One factor is the reduced fee to both enroll and access the …