MABS conducts MAP rollout training for RB Digos

rb-digos-map-training

In line with its initiative of promoting the MABS Approach to agricultural lending, MABS conducted a three-day Micro Agri-loan Product (MAP) seminar-training for the staff and officers of MABS participating bank Rural Bank of Digos on July 2-4. Twenty-two participants composed of account officers, head office administrators, branch managers and microfinance unit supervisors attended the training held in Malita, Davao del Sur.

Focusing on the MABS Approach to agricultural microfinance, the training featured MAP’s loan terms and conditions, systems and procedures, loan evaluation, and documentation. MABS trainers also discussed Management Information System (MIS) reports.

To test and strengthen their grasp and understanding of the product’s features and system procedures, the participants were sent to the field for actual credit and background investigation (CI/BI), gathering of information on prospective clients and completion of CI/BI forms. The participants also completed a workshop where they used the data gathered in the field to complete cash flow analysis and evaluate loan applications. At the end of the training, the participants came up with a preliminary action plan and a work plan for their MAP rollout.

MAP is a microfinance product targeting small farmers with multiple sources of income. Developed in 2004, it integrates market research, careful product design, pilot testing, and portfolio management. As of April 2009, MABS participating banks have reached over 14,400 small farmers with loans totaling more than PhP384 million since 2004.

RB Digos has been offering MAP since September 2007. This training will enable the bank’s Kidapawan and Malita branches to offer MAP. One of MABS’ four pilot banks when the program was launched in 1997, RB Digos has already disbursed more than 30,000 microloans totaling more than PhP251 million to more than 14,000 micro-borrowers.