MABS Approach to Microfinance introduced to Banco Las Piñas

RBAP-MABS conducted a senior management orientation (SMO) for Banco Las Piñas (Rural Bank of Zapote, Inc.) on July 15 to give the bank an overview of the MABS Program and the MABS Approach to Microfinance. The bank is located in the District of Zapote in the city of Las Pinas, Metro Manila. With assets of over P500 million (about US$10.9 million), the bank has decided to explore the MABS Approach as a means to expand its market particularly for the microentrepreneurs of Las Pinas. Nine participants from the bank’s management and staff attended the orientation held at the bank’s main office. Among them were the bank’s president, Dr. Emilio Casimiro, members of the Board of Directors, and senior officers from different departments.

The first of the MABS Approach to Microfinance modules, the SMO introduces bank officers and key personnel to MABS initiatives, as well as its modules on market research, product development, loan administration, pilot testing, and operations review. Two representatives from the Microfinance Innovation Center for Resources and Alternatives (MICRA) Philippines, one of the three MABS Service Providers, also presented an overview on their training program and other initiatives. After the SMO, bank officers expressed their interest in enrolling the bank under MICRA’s training program for the MABS Approach with the first module slated to start in the first week of September 2010.

RBAP-MABS is a United States Agency for International Development (USAID)-supported program in partnership with the Rural Bankers’ Association of the Philippines (RBAP), with oversight from the Office of the President through the Mindanao Development Authority (MINDA).