Opportunities for Rural Banks to Use Smart Money to Expand Branchless Banking Services

This is the third of a four part series of articles about the RBAP-MABS National Roundtable 2012 Conference panel session entitled “Using New Channels to Expand Microfinance Services.”

Mr. Jun Perez of SEEDFINANCE explained how their partnership with SMART in the Island Activation Program supports empowerment through mobile banking. SEEDFINANCE is a wholesale microfinance provider that works with retailers to provide financial and technical assistance. The Island Activation Program (IAP) specifically targets remote communities and helps develop mobile-based financial services in these under-served areas. The partnership among microfinance institutions, SMART, and SEEDFINANCE helps to enable island residents to …

Conditional Cash Transfer, Rural Banks, and Mobile Money Transfer: Observations and Reflections

In a scene being played out in various places in the country, some of them more remote, over 400 households from four barangays in the municipality of Sogod, Cebu received financial support from the government through the Department of Social Welfare and Development’s (DSWD) Pantawid Pamilyang Pilipino Program (4Ps) on May 4, 2011.A 5-year program of the Philippine Government, 4Ps provides conditional cash grants for the poorest families in identified municipalities as financial aid for the family’s health and for children’s education. Aside from disbursements through the Land Bank of the Philippines, conditional cash transfers (CCT) are being disbursed too …

BSP officers and Philippine Monetary Board member visit Green Bank and Cantilan Bank

A 12-member study group from the Bangko Sentral ng Pilipinas(BSP) led by Monetary Board Member Juanita Amatong and Dep. Gov. Nestor Espenilla, Jr. visited Cantilan Bank and Green Bank in Butuan City from July 23-24. During the visit, the BSP engaged the officials and staff of the banks in an open dialogue concerning the challenges in their microfinance operations and the regulatory areas that could help promote sound expansion of microfinance services among rural banks. Cantilan Bank and Green Bank are both participant banks of the RBAP-MABS program, which is supported by USAID/Philippines.

At the Cantilan Bank branch in Butuan …

Cantilan Bank Celebrates 30 Years of Progressive and Excellent Community Banking Services

More than 500 attendees packed into a basketball gymnasium in Cantilan’s town square to celebrate the 30th anniversary of Cantilan Bank. The gala highlighted the banks remarkable growth over the past three decades and underscored the important role microfinance services played in their success.

MABS started working with Cantilan Bank 11 years ago, when it had just three branches and 35 employees. Now, the bank is 260 employees strong with 12 branches across Surigao. The bank-wide loan portfolio grew from around P50M to P652M. The number of microfinance borrowers is 39% of Cantilan’s total borrowers with a client base …

Accounts of Housing Microfinance Clients

During a visit to Cantilan Bank, a team of MABS employees had the opportunity to observe first-hand how housing microfinance loans have impacted the bank’s clients.  Many microfinance clients own their homes, and often have a need to make incremental repairs or improvements using whatever funds they may have saved over time if they have no access to credit.   Housing microfinance loans generally mirror the way low-income households build or improve their homes in the countryside, which follow a progressive building approach.  Clients often build a foundation then the walls, then add roofing, and include water, sanitation, and electricity, step-by-step. …