RBAP-MABS reviews Progressive Bank’s operations

To support its participating banks in continuously enhancing their products, services and operations, the USAID-supported RBAP-MABS program regularly conducts operations and product reviews to identify the banks’ strengths and areas for improvement. On August 31 – September 2, the RBAP-MABS team conducted a review of Progressive Bank, a MABS participating bank based in Iloilo.
The team assessed the bank’s performance, microfinance loan products, delivery systems, loan documentation, and management information systems (MIS) through reviews, focus group discussions, loan documentation checks, and review of MIS functionalities and reports. With these observations, the team provided recommendations to improve the bank’s product design and operational system.
To date, Progressive Bank is serving almost 23,000 micro-entrepreneurs in Iloilo province, with its operating units strategically located in Balasan, Pototan and Jaro, Iloilo City. Originally known as the Rural Bank of Balasan (RBB), the bank was established on March 8, 1975 to support the financial needs of the agricultural sector, particularly the sugar industry, in northern Iloilo. In 2003, the bank adopted the business name Progressive Bank, Inc. (PBI). The bank now offers three microfinance loans – Kabulig group loan microfinance, Unwad Kabulig individual loan microfinance and Kabulig Panguma micro-agri loan.
The bank started offering KABULIG Grupo, its group microfinance lending program, in 2002. In 2007, the bank expanded its microfinance products and services to include the Umwad KABULIG (business) and KABULIG panguma (agri-fishery) loans, ably assisted by RBAP-MABS.
To further enable the Bank to serve the banking needs of rural folks in Balasan and neighboring municipalities, a new three-storey office building is being constructed and the bank is planning to expand to new areas in Capiz.

see full sizeTo support its participating banks in continuously enhancing their products, services and operations, the USAID-supported RBAP-MABS program regularly conducts operations and product reviews to identify the banks’ strengths and areas for improvement. On August 31 – September 2, the RBAP-MABS team conducted a review of Progressive Bank, a MABS participating bank based in Iloilo.

The team assessed the bank’s performance, microfinance loan products, delivery systems, loan documentation, and management information systems (MIS) through reviews, focus group discussions, loan documentation checks, and review of MIS functionalities and reports. With these observations, the team provided recommendations to improve the bank’s product design and operational system.


Progressive BankTo date, Progressive Bank is serving almost 23,000 micro-entrepreneurs in Iloilo province, with its operating units strategically located in Balasan, Pototan and Jaro, Iloilo City. Originally known as the Rural Bank of Balasan (RBB), the bank was established on March 8, 1975 to support the financial needs of the agricultural sector, particularly the sugar industry, in northern Iloilo.

In 2003, the bank adopted the business name Progressive Bank, Inc. (PBI). It now offers three microfinance loans – Kabulig group loan microfinance, Unwad Kabulig individual loan microfinance and Kabulig Panguma micro-agri loan.

see full sizeThe bank started offering KABULIG Grupo, its group microfinance lending program, in 2002. In 2007, the bank expanded its microfinance products and services to include the Umwad KABULIG (business) and KABULIG panguma (agri-fishery) loans, ably assisted by RBAP-MABS.

To further enable the Bank to serve the banking needs of rural folks in Balasan and neighboring municipalities, a new three-storey office building is being constructed and the bank is planning to expand to new areas in Capiz.