FAIR Bank takes another step towards expansion through MABS

MABS visited First Agro-Industrial Rural Bank (FAIR Bank) in Cebu on April 12-17 to review its Housing Microfinance (HMF) Product and provide technical assistance for the development of its planned  microinsurance services.
MABS has been working with the bank during the past few months in its campaign to expand its services and outreach by incorporating products such as HMF and microinsurance in its portfolio. The bank has also been focusing on strengthening its overall microfinance services and expanding these services throughout its 12-branch network.
This visit included an evaluation of the bank’s current HMF product procedures and operations manual, as well as the re-alignment of strategies and practices to ensure effective HMF implementation. MABS also worked with the bank’s officers in enhancing its staff and client orientation materials for microinsurance, which are to be pre-tested for effectiveness in the coming months. Further, MABS assisted the bank and their new insurance partner in reviewing upcoming plans to improve the efficiency and simplification of FAIR Bank’s upcoming microinsurance service.  The team provided support by facilitating application and simplifying the product’s claims procedures.

MABS visited First Agro-Industrial Rural Bank (FAIR Bank) in Cebu on April 12-17 to review its Housing Microfinance (HMF) Product and provide technical assistance for the development of its planned  microinsurance services.

MABS has been working with the bank during the past few months in its campaign to expand its services and outreach by incorporating products such as HMF and microinsurance in its portfolio. The bank has also been focusing on strengthening its overall microfinance services and expanding these services throughout its 12-branch network.

This visit included an evaluation of the bank’s current HMF product procedures and operations manual, as well as the re-alignment of strategies and practices to ensure effective HMF implementation. MABS also worked with the bank’s officers in enhancing its staff and client orientation materials for microinsurance, which are to be pre-tested for effectiveness in the coming months. Further, MABS assisted the bank and their new insurance partner in reviewing upcoming plans to improve the efficiency and simplification of FAIR Bank’s upcoming microinsurance service.  The team provided support by facilitating application and simplifying the product’s claims procedures.