The Power of Savings – Rural Miners Open their First Savings Accounts

From Butuan City going north towards Surigao Norte is the town of Tubod, where mining has become a major source of employment to local residents and those in the outlying towns. Hired by labor sub-contractors of the mining company there, the number of miner-laborers peaks during the dry season and declines during the rainy season. The mining site is about five kilometers away from the Cantilan Bank Tubod Branch, which started its operations in 2005.

As is the practice in the mining industry, mining companies operating in Surigao del Norte and Surigao del Sur outsource their labor requirements to sub-contractors. …

Text-A-Withdrawal Makes Access to Mobile Money Easier

Mr. Archiebald “Archie” Beldad owns a pharmacy located in the town center of Cantilan, Surigao del Sur located in rural northeastern Mindanao. As a registered client of Cantilan Bank, a participating bank under the Microenterprise Access to Banking Services (MABS) Program, Archie began using GCASH for business in March 2007. He purchases and sells GCASH in small amounts and accepts GCASH as payment for his goods. He has a good credit record with the bank where he has been maintaining a deposit account for several years. Archie also uses the convenience of the Text-A-Withdrawal facility to withdraw from his deposit …