MABS trains Mindanao Rural Banks on Housing Microfinance

MABS successfully launched its series of housing microfinance trainings for this year, kicking off with the “Designing a Housing Microfinance Loan” training held on March 4-6 in Cagayan de Oro City.
The first batch of trainees composed of 17 senior and middle bank managers came from six Mindanao-based rural banks, namely: Rural Bank of Oroquieta, Rural Bank of Dipolog, 1st Valley Bank, Rural Bank of Talisayan, Cooperative Bank of Misamis Oriental and Green Bank.
The training is MABS’ first housing microfinance rollout activity after the one-year pilot testing of the product and the issuance of Circular 678 by the Bangko Sentral ng Pilipinas (BSP) in January 2010. The trainees reviewed microfinance principles, methodologies and best practices, their applicability to the provision of shelter finance, as well as the recently issued BSP Circular 678 on housing microfinance.
The participants outlined their own bank objectives for offering a loan product for shelter finance, and were coached on using the tools for market research, the survey questionnaire, and the guide for interviewing prospective and existing clients.
Following the MABS Approach principle of learning by doing, the participants conducted actual field interviews of building material suppliers and microenterprise clients.  The participants appreciated the hands-on-application of the market research tools as well as the data processing and analysis, which revealed a large demand for shelter finance among those they interviewed.  As Rural Bank of Oroquieta Vice President Yen German shared, “Sometimes we don’t seem to realize how hard the work of an account officer is. It’s my honor and privilege to have experienced the actual field training.”
Participants from each bank formulated an action plan that they can use in implementing the market research activities in their respective areas of operation. A follow-up training focusing on final product design is scheduled on April 14-16 in Cebu.

MABS successfully launched its series of housing microfinance trainings for this year, kicking off with the “Designing a Housing Microfinance Loan” training held on March 4-6 in Cagayan de Oro City.

The first batch of trainees composed of 17 senior and middle bank managers came from six Mindanao-based rural banks, namely: Rural Bank of Oroquieta, Rural Bank of Dipolog, 1st Valley Bank, Rural Bank of Talisayan, Cooperative Bank of Misamis Oriental and Green Bank.

The training is MABS’ first housing microfinance rollout activity after the one-year pilot testing of the product and the issuance of Circular 678 by the Bangko Sentral ng Pilipinas (BSP) in January 2010. The trainees reviewed microfinance principles, methodologies and best practices, their applicability to the provision of shelter finance, as well as the recently issued BSP Circular 678 on housing microfinance.

The participants outlined their own bank objectives for offering a loan product for shelter finance, and were coached on using the tools for market research, the survey questionnaire, and the guide for interviewing prospective and existing clients.

Following the MABS Approach principle of learning by doing, the participants conducted actual field interviews of building material suppliers and microenterprise clients.  The participants appreciated the hands-on-application of the market research tools as well as the data processing and analysis, which revealed a large demand for shelter finance among those they interviewed.  As Rural Bank of Oroquieta Vice President Yen German shared, “Sometimes we don’t seem to realize how hard the work of an account officer is. It’s my honor and privilege to have experienced the actual field training.”

Participants from each bank formulated an action plan that they can use in implementing the market research activities in their respective areas of operation. A follow-up training focusing on final product design is scheduled on April 14-16 in Cebu.