MABS provides technical assistance to GM Bank

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MABS visited its Luzon-based participating bank, GM Bank, on August 10-14 to provide technical assistance and review its microfinance operations. One of the country’s top ten rural banks with over P1.6 billion in assets, GM Bank is a dominant player in the rural banking industry in Central Luzon with its branches mostly concentrated in Nueva Ecija.
MABS reviewed the bank’s microenterprise loan products, microfinance for agriculture, and the pilot testing of a new housing microfinance product. MABS also analyzed its lending procedures and management systems thereby coming up with recommendations for further strengthening. MABS conducted focus group discussions and surveys to assess the bank’s readiness on using micro-insurance products.
Meanwhile, focus group discussions and surveys were conducted with clients to generate information that may assist in the development of more responsive microinsurance products and services for the bank’s micro-enterprise clients and their families.  Also assessed was the bank’s capacity to facilitate access to  improved models for microinsurance.
As a highlight to the visit, Chemonics International President Richard Dreiman and MABS Chief of Party John Owens toured the bank’s branches, focusing on its mobile phone banking services. Mr. Dreiman and the MABS team were welcomed by GM Bank’s top officers led by its president, Mr. Tomas Gomez IV.

MABS visited its Luzon-based participating bank, GM Bank, on August 10-14 to provide technical assistance and review its microfinance operations. One of the country’s top ten rural banks with over P1.6 billion in assets, GM Bank is a dominant player in the rural banking industry in Central Luzon with its branches mostly concentrated in Nueva Ecija.

MABS reviewed the bank’s microenterprise loan products, microfinance for agriculture, and the pilot testing of a new housing microfinance product. MABS also analyzed its lending procedures and management systems thereby coming up with recommendations for further strengthening. MABS conducted focus group discussions and surveys to assess the bank’s readiness on using micro-insurance products.

Meanwhile, focus group discussions and surveys were conducted with clients to generate information that may assist in the development of more responsive microinsurance products and services for the bank’s micro-enterprise clients and their families. Also assessed was the bank’s capacity to facilitate access to  improved models for microinsurance.

As a highlight to the visit, Chemonics International President Richard Dreiman and MABS Chief of Party John Owens toured the bank’s branches, focusing on its mobile phone banking services. Mr. Dreiman and the MABS team were welcomed by GM Bank’s top officers led by its president, Mr. Tomas Gomez IV.

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