ILO, Gates Foundation assist rural banks

The Rural Bankers Research and Development Foundation Inc. (RBRDFI) will receive a $100,000 (roughly P4.6 million) grant from the International Labor Organization (ILO) under the Microinsurance Innovation Facility. The facility was launched in 2008 with the support of a grant from the Bill & Melinda Gates Foundation.
On the other hand, the RBRDFI is the research and training arm of the Rural Bankers Association of the Philippines (RBAP), which has gained international attention in its efforts in microfinance, mobile banking and poverty alleviation.
The grant will support RBAP members in partnering with insurance companies to offer microinsurance to its six million bank clients nationwide.
“With the help the facility, rural banks can introduce quality insurance for the low-income families, thus helping them guard against risks and overcome poverty,” the ILO said in a statement released by the Microenterprise Access to Banking Services (MABS) Program. The program is a joint effort of the United States Agency for international Development (USAID) and the RBAP.
Read the complete article on Philippine Star online

Philippine Star – The Rural Bankers Research and Development Foundation Inc. (RBRDFI) will receive a $100,000 (roughly P4.6 million) grant from the International Labor Organization (ILO) under the Microinsurance Innovation Facility. The facility was launched in 2008 with the support of a grant from the Bill & Melinda Gates Foundation.

On the other hand, the RBRDFI is the research and training arm of the Rural Bankers Association of the Philippines (RBAP), which has gained international attention in its efforts in microfinance, mobile banking and poverty alleviation.

The grant will support RBAP members in partnering with insurance companies to offer microinsurance to its six million bank clients nationwide.

“With the help the facility, rural banks can introduce quality insurance for the low-income families, thus helping them guard against risks and overcome poverty,” the ILO said in a statement released by the Microenterprise Access to Banking Services (MABS) Program. The program is a joint effort of the United States Agency for international Development (USAID) and the RBAP.

Read the complete article on Philippine Star online