RBAP-MABS holds Housing Microfinance Product Development Workshop

Fourteen (14) participants from six RBAP-MABS participating banks returned to the training room on April 14-16 for the second module of the Housing Microfinance (HMF) Product Development Workshop.
Held in continuation of the HMF market research training on March 3-5, this module allows the participants to complete the development of their housing microfinance loan product, draft their manual and business plan, and prepare an action plan for pilot testing their respective loan product in the next six months.
During the workshop, Cantilan Bank Accounts Management Head Eric Mendiola imparted the bank’s experiences and lessons learned in implementing its loan product “HOME” over the past year. Cantilan Bank is one of the pilot test banks in the housing microfinance initiative supported by the RBAP-MABS Program.
“Housing microfinance is one of the best products for helping poor people get a descent shelter, but commitment to proper implementation is key”, Mr. Mendiola shared. “Clients who have received loans for home improvement have been motivated to make their loan payments.  Most of them plan on getting succeeding loans for the other home improvements,” Microfinance Product Head Leandro Luengas added.
The MABS training team guided the participants on using the information from the market research in developing their loan product as well as in drafting the product manual, preparing the financial projections and business plan.
Green Bank’s branch in Subangdaku hosted the facilitation of an actual focus group discussion to train the participants on how to manage a focus group discussion. This exercise also demonstrated the value of validating the product design in dialogue with clients.
Bangko Sentral ng Pilipinas (BSP) Circular 678 issued on January 6 this year recognizes loans for housing to microfinance clients as part of a wide range of financial services to the sector. Rural Bankers Association of the Philippines President Joseph Omar Andaya thanked USAID/Philippines for their continued support of the RBAP-MABS Program and for working with rural banks to develop new products and services such as housing microfinance.  Since the pilot test phase, over 1000 housing microfinance loans totaling more than PhP35 million have been disbursed by RBAP-MABS participating rural banks.  Portfolio-at-risk levels have remained below 3% on average.

HMF TrainingFourteen (14) participants from six Rural Bankers Association of the Philippines-Microenterprise Access to Banking Services (RBAP-MABS) participating banks returned to the training room on April 14-16 for the second module of the Housing Microfinance (HMF) Product Development Workshop.

Held in continuation of the HMF market research training on March 3-5, this module allows the participants to complete the development of their housing microfinance loan product, draft their manual and business plan, and prepare an action plan for pilot testing their respective loan product in the next six months.

Cantilan Bank Accounts Management Head Eric Mendiola

Cantilan Bank Accounts Management Head Eric Mendiola

During the workshop, Cantilan Bank Accounts Management Head Eric Mendiola imparted the bank’s experiences and lessons learned in implementing its loan product “HOME” over the past year. Cantilan Bank is one of the pilot test banks in the housing microfinance initiative supported by the USAID-supported RBAP-MABS Program.

“Housing microfinance is one of the best products for helping poor people get a descent shelter, but commitment to proper implementation is key”, Mr. Mendiola shared. “Clients who have received loans for home improvement have been motivated to make their loan payments.  Most of them plan on getting succeeding loans for the other home improvements,” Microfinance Product Head Leandro Luengas added.

The MABS training team guided the participants on using the information from the market research in developing their loan product as well as in drafting the product manual, preparing the financial projections and business plan.

Green Bank’s branch in Subangdaku hosted the facilitation of an actual focus group discussion to train the participants on how to manage a focus group discussion. This exercise also demonstrated the value of validating the product design in dialogue with clients.

HMF TrainingBangko Sentral ng Pilipinas (BSP) Circular 678 issued on January 6 this year recognizes loans for housing to microfinance clients as part of a wide range of financial services to the sector. Rural Bankers Association of the Philippines President Joseph Omar Andaya thanked USAID/Philippines for their continued support of the RBAP-MABS Program and for working with rural banks to develop new products and services such as housing microfinance.  Since the pilot test phase, over 1000 housing microfinance loans totaling more than PhP35 million have been disbursed by RBAP-MABS participating rural banks.  Portfolio-at-risk levels have remained below 3% on average.