RBAP-MABS reviews RB San Vicente and RB Jose Panganiban operations

The USAID-supported RBAP-MABS program team conducted an operations review of two of its participating banks based in the Bicol Region: the Rural Bank of San Vicente and the Rural Bank of Jose Panganiban. The operations and product review was conducted to assess the banks’ performance and present the status of their microfinance loan products. RBAP-MABS evaluated the banks’ microfinance delivery systems, loan documentation, and Management Information System (MIS). Using this evaluation, the team worked with the bank in recommending improvements for the products’ design and operational system.
Based in Camarines Norte, both banks serve thousands of clients in the area. RB San Vicente serves the microenterpreneurs of Daet, San Vicente and Labo, while RB Jose Panganiban caters to the needs of microenterprise clients in Paracale and Jose Panganiban.  Both banks have a branch in Daet, the provincial capital.
The management of RB San Vicente and of RB Jose Panganiban both wish to expand their respective banks’ microfinance operations by offering additional products such as agricultural microfinance, housing microfinance, and microinsurance to their microenterprise clients and to the small farmers in Camarines Norte.  With enhancements to their microfinance product and additional new product offerings, the banks will be able to reach out to more clients and expand their operations in Camarines Norte.

On August 17-20, the USAID-supported RBAP-MABS program team conducted an operations review of two of its participating banks based in the Bicol Region: the Rural Bank of San Vicente and the Rural Bank of Jose Panganiban. The operations and product review was conducted to assess the banks’ performance and present the status of their microfinance loan products. RBAP-MABS evaluated the banks’ microfinance delivery systems, loan documentation, and Management Information System (MIS). Using this evaluation, the team worked with the bank in recommending improvements for the products’ design and operational system.

Based in Camarines Norte, both banks serve thousands of clients in the area. RB San Vicente serves the microenterpreneurs of Daet, San Vicente and Labo, while RB Jose Panganiban caters to the needs of microenterprise clients in Paracale and Jose Panganiban.  Both banks have a branch in Daet, the provincial capital.

The management of RB San Vicente and of RB Jose Panganiban both wish to expand their respective banks’ microfinance operations by offering additional products such as agricultural microfinance, housing microfinance, and microinsurance to their microenterprise clients and to the small farmers in Camarines Norte.  With enhancements to their microfinance product and additional new product offerings, the banks will be able to reach out to more clients and expand their operations in Camarines Norte.