US Ambassador Joins FAIRBank’s Outstanding Microentrepreneur of the Year Award Ceremony

First Agro-Industrial Rural Bank Inc. (FAIRBank), a rural bank with eleven (11) branches in the province of Cebu, recognized its outstanding microloan clients during a ceremony held on September 16, 2011.  Kaabag sa Pamilya (Helper to the Family) Awards, a bank-wide search for outstanding microentrepreneurs, aims to create awareness for microfinance by giving due recognition [...]

The importance on microfinance product operations reviews

By Ms. Girlie Lopez, RBAP-MABS Regional Coordinator for the Visayas RBAP-MABS has been assisting rural banks with conducting operations reviews that provide the bank management and board with an objective, independent, and external review of the banks’ microfinance operations.  The main activities are to: monitor the bank’s microfinance unit performance vs. targets set in the [...]

RBAP-MABS conducts Savings Mobilization Workshop

Cebu City. Savings mobilization is the important half of financial intermediation and a key service that rural banks provide local communities.  Given this importance, the USAID-supported RBAP-MABS program has always emphasized this function and urged MABS participating banks to design savings products that better meet clients needs. On October 26-28, twelve (12) participants from Cantilan [...]

Rural bankers learn group lending best practices in Cebu workshop

Seven MABS Participating Banks from Visayas and Mindanao joined the RBAP-MABS staff on July 21-23 in Cebu City for the Group Lending Enhancement Training Workshop.  Ms. Tess Espenilla of USAID opened the session with a welcome address expressing the need for the group lending product, which has been at the heart of microfinance for the [...]