EC Bank introduced to the MABS Approach

Fort Bonifacio, Taguig. Six senior officers and staff of Enterprise Capital Bank (EC Bank), a rural bank, were oriented to the RBAP-MABS Approach to Microfinance during the Senior Management Orientation (SMO) conducted by the USAID-supported RBAP-MABS program on November 8.
The presentation by MABS showed the accomplishments and best practices of the MABS Approach that has worked with many rural banks in the industry. “This made us interested to tap RBAP-MABS to assist EC Bank in scaling-up its microfinance operations,” EC Bank President Aurelio Paulo Bartolome said.
EC Bank presently offers a group loan product called “Ocho-Negosyo” to microenterprises in urbanized areas where it operates. The bank was established in 1998 and has total resources of PhP 75M. It has two branches and a satellite office located in Taguig City, Metro Manila.
The SMO is the first of the MABS Approach to Microfinance modules that introduces bank officers and key personnel to MABS initiatives. Succeeding modules include market research, product development, loan administration, pilot testing, and operations review. Implementing the MABS Approach has helped strengthen the capability of many rural banks to profitably provide financial products and services to their microfinance clients.

see full sizeFort Bonifacio, Taguig. Six senior officers and staff of Enterprise Capital Bank (EC Bank), a rural bank, were oriented to the RBAP-MABS Approach to Microfinance during the Senior Management Orientation (SMO) conducted by the USAID-supported RBAP-MABS program on November 8.

The presentation by RBAP-MABS showed the accomplishments and best practices of the RBAP-MABS Approach that has worked with many rural banks in the industry. “This made us interested to tap RBAP-MABS to assist EC Bank in scaling-up its microfinance operations,” EC Bank President Aurelio Paulo Bartolome said.

EC Bank presently offers a group loan product called “Ocho-Negosyo” to microenterprises in urbanized areas where it operates. The bank was established in 1998 and has total resources of PhP 75M. It has two branches and a satellite office located in Taguig City, Metro Manila.

The SMO is the first of the RBAP-MABS Approach to Microfinance modules that introduces bank officers and key personnel to the program’s initiatives. Succeeding modules include market research, product development, loan administration, pilot testing, and operations review. Implementing the RBAP-MABS Approach has helped strengthen the capability of many rural banks to profitably provide financial products and services to their microfinance clients.