How to Avoid an Indian Type Microfinance Crisis in the Philippines

To our dear participating banks and partners:

The Rural Bankers Association of the Philippines-Microenterprise Access to Banking Services (RBAP-MABS) Program and the Microfinance Council of the Philippines (MCPI) are delighted to invite you to a seminar entitled “How to Avoid an Indian Type Microfinance Crisis in the Philippines” on Monday, April 4, 2011, 1:00pm to 5:00pm, at the Briefing Area of the Summit Hall, Bangko Sentral ng Pilipinas in Malate, Manila.

The seminar aims to share with rural banks and other microfinance institutions some of the issues that led to the crisis in the Indian State of Andhra Pradesh, the current microfinance situation in the Philippines, and some proactive steps following the Smart Campaign that the rural banks and other MFIs can take to avoid a similar situation in the Philippines. Ms. Beth Rhyne, Managing Director of the Center for Financial Inclusion (CFI), will lead the seminar.

One of the creators of ACCION-CFI’s Smart Campaign for client protection in microfinance, Ms. Elisabeth Rhyne “works to bring together leaders in financial services to address challenges facing the microfinance industry today” (see CFI website). She led ACCION’s entry into India and Africa during her tenure as senior vice president and published various books and articles on microfinance, including “Mainstreaming Microfinance: How Lending to the Poor Began, Grew and Came of Age in Bolivia”. (see full bio from source: Center for Financial Inclusion website)

This activity is free of charge. You may bring along one (1) of your key officers to the event. (Additional participants will be subject to seat availability.) We only have 60 seats for this seminar and we will accommodate participants on a first-come, first-serve basis.

Kindly complete and send the attached registration form to convey your interest on or before Friday, 25 March 2011 and return it via fax to Ms. Jennifer Sabianan at RBAP-MABS at 02-400-4561 or 02-400-3966 or by email at j.sabianan@rbapmabs.org. We look forward to your participation!