MABS and South Bicol Federation of Rural Banks hold the first roundtable conference for Bicol

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On September 11, the South Bicol Federation of Rural Banks led by its president, Mr. Mario Honrado, held a roundtable conference for Bicol banks in partnership with the USAID-supported RBAP-MABS Program. The first such event held in Bicol, the conference was held to update and equip rural banks with the current trends in microfinance. About 35 participants from 11 Bicol-based banks attended the conference held at Kanzo Hall in Legaspi City, Albay.
MABS helps rural banks to develop the capacity to profitably provide microfinance services to microentrepreneurs and low-income households. Moving towards this goal, MABS regularly supports roundtable conferences to update rural banks on microfinance best practices and latest developments.

On September 11, the South Bicol Federation of Rural Banks led by its president, Mr. Mario Honrado, held a roundtable conference for Bicol banks in partnership with the USAID-supported RBAP-MABS Program. The first such event held in Bicol, the conference was held to update and equip rural banks with the current trends in microfinance. About 35 participants from 11 Bicol-based banks attended the conference held at Kanzo Hall in Legaspi City, Albay.

MABS helps rural banks to develop the capacity to profitably provide microfinance services to microentrepreneurs and low-income households. Moving towards this goal, MABS regularly supports roundtable conferences to update rural banks on microfinance best practices and latest developments.

For this conference, USAID/Philippines Office of Economic Development and Governance Acting Chief Maria Rendon discussed the impact of microfinance in the region. Meanwhile, Globe Xchange, Inc. (GXI) President Rizza Maniego-Eala also discussed how rural banks can take advantage of mobile phone banking services (MPBS) to increase clients, better manage accounts, and enhance operational efficiency. A subsidiary of Globe Telecom, GXI powers GCASH, the electronic money transfer platform that is now used by rural banks to facilitate greater access to banking services. MABS has been working with GXI since 2004 to develop and rollout innovative MPBS using the GCASH platform.

(from left): USAID/Philippines Office of Economic Development and Governance Acting Chief Maria Rendon; Globe Xchange Inc. (GXI) President Rizza MAniego-Eala; and Bangko Kabayan Managing Director Teresa Ganzon

(from left): USAID/Philippines Office of Economic Development and Governance Acting Chief Maria Rendon; Globe Xchange Inc. (GXI) President Rizza MAniego-Eala; and Bangko Kabayan Managing Director Teresa Ganzon

MABS’ technical staff also provided updates to the participants on loan and delinquency management, as well as on the latest trends in housing microfinance, microinsurance and other microfinance initiatives. Aside from this, the conference also served as a venue for the bankers to discuss and learn from each other’s experiences. Bangko Kabayan’s managing director, Mrs. Teresa Ganzon, shared their bank’s experience in growing to more than P1.6 billion in total resources while managing to maintain excellent portfolio quality over the years.