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 …

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 …

MABS conducts Institutional Assessment for RB Angeles

MABS conducted an institutional assessment of the Rural Bank of Angeles in November to assess the bank’s capability to implement microfinance in its banking operations. Established in 1953, RB Angeles has five branches and other banking offices located in Pampanga and Tarlac.

In coordination with the bank’s top management led by its president, Mr. Robin King, MABS reviewed the results of the initial market research conducted at the bank’s branch in Capas, Tarlac. The MABS team also interviewed the bank’s top officers, branch managers, and microfinance staff to weigh their interest and ability to do the MABS Approach. Finally, MABS …