RBAP-MABS Participating Rural Bank Clients receive Citi Microentrepreneur of the Year Awards

Citi MOTY Awardees take center stage with judges during the awards night

Citi MOTY Awardees take center stage with the judges during the awards night

The 2011 Maunlad Awardee, one of the two major national winners of the Citi Microentrepreneur of the Year (MOTY) Awards, is a microenterprise borrower of a participating rural bank of the United States Agency for International Development-supported Rural Bankers Association of the Philippines-Microenterprise Access to Banking Services (RBAP-MABS) Program. Three other clients of MABS participating banks were also named regional winners.

Ms. Carina Gonato of Consolacion, Cebu was named the “Maunlad” National Awardee. A loan client of First Agro-Industrial Rural Bank, Inc. (FAIR Bank) in Cebu, she is a successful owner and operator of one of the best chicken lumpia businesses in Cebu.  She also operates a hog raising business and now employs 50 workers. Her chicken lumpia is sold not only in the Philippines, but is also now being exported to Malaysia and Qatar. Mr. Anastacio Postrero, another client of FAIR Bank in Cebu is the Visayas Regional Winner for the Citi Microentrepreneur of the Year Masikap category. He operates various fish pens, cultivates and harvests seaweed, and also has a fish drying business (danggit).

Mr. John Cabillon of Iloilo is the Maunlad Visayas Awardee. A loan client of Valiant Rural Bank, he operates six businesses including renting out motorcycles and tricycles as well as sea cucumber trading. He has grown his business from a two-person operation to now employ a workforce of 70 people in Iloilo.

Mr. Danelito Castro of Zamboanga del Norte is the Masikap Mindanao Awardee.  He developed his own unique herbal and medicinal oil operation in 2006 with funding from the Rural Bank of Liloy.  His miracle product called “Millennium Herbal Oil” has been used to treat arthritis, rheumatism, back pains, cramps, numbness, muscular and joint pains.

With the support of USAID, the RBAP-MABS Program has been providing technical assistance and training in microfinance best practices to over 100 rural banks across the Philippines to provide a range of products and services including microfinance loans, micro deposit services, micro agri loans, housing microfinance, mobile phone banking services, and microinsurance. RBAP’s MABS program will be entering its 15th year at the end of November 2011 and expects to see even more banks expand the microfinance services they provide to their clients in the coming year.