A Dream Home Come True

After getting married in 2001, Mr. Joel and Mrs. Erlyn Espinosa built their small nipa hut in Balasan, Iloilo to start a family. Mr. Joel is a son of a small palay farmer and makes a living as a carpenter for house construction. Years of labor as a carpenter are now showing in his slouched posture. Mr. Joel’s nine siblings somehow managed to live auspicious lives despite poor family background. Three of his brothers work as ship crew, while a sister married up and now settles in another province. Meanwhile, his other sisters managed to migrate to Canada to escape poverty in Balasan. With a serious, reflective look in his eyes, Mr. Joel said: “Of all my siblings, I am the only one living a hard up life.”

Mr. Joel’s wife, Ms. Erlyn, only finished elementary school, a common educational achievement among poor women in Balasan. Despite this, …

More Rural Banks in Leyte Complete Microinsurance Basic Training Course

Twenty-one (21) bank officers, managers and staff from sixteen (16) rural bank members of the Leyte-Samar-Biliran Federation completed the Microinsurance Basic Training Course conducted by USAID-supported Rural Bankers Association of the Philippines-Microenterprise Access to Banking Services (RBAP-MABS) Program and Rural Bankers Research and Development Foundation Inc (RBRDFI) on July 29, 2011. The training course is an initial requirement for a rural bank’s application as Microinsurance Agent licensed by the Insurance Commission and the Bangko Sentral ng Pilipinas. The course participants also successfully completed the qualifying examinations administered at the end of the course, which may qualify them as Microinsurance Soliciting Officers.

The Leyte-Samar-Biliran Federation, led by Federation President Rosario Ong Veloso, threw in their full support, making the course the most attended by rural banks since the course was launched in January 2011. This training brings to ninety (90) the total number of rural banks that have been trained in …