Banks Now Serve 1 Million Active Micro-Borrowers

Opening the 2012 National Roundtable Conference of the Rural Bankers Association of the Philippines – Microenterprise Access to Banking Services Program (RBAP-MABS) on June 7, 2012, Ms. Chuchi Fonacier, Managing Director of Bangko Sentral ng Pilipinas (BSP), cited a set of impressive statistics on how banks in the Philippines have now expanded access to microfinance [...]

Lessons from a Vegetable Farmer

By Meliza H. Agabin, MABS Deputy Chief of Party We found Mr. Joel Tormis and Mrs. Jeannie Tormis in their farm tending their fruit bearing bitter cucumber (ampalaya) plants and rows of newly sprouting cucumber plants. Along with microfinance Specialist, Mark Guillermo, and Officers from the Cantilan Bank Tagum branch, we had just come from another [...]

Cantilan Bank Focusing on Value Chains to Expand Micro Agri Lending

The Mindanao Fruit and Vegetable Summit on October 20-22, 2011 held in Davao City proved to be an opportunity for Cantilan Bank to meet with value chain players in the sector and strike partnerships that promise to be beneficial to both the farmers and the bank.  The summit brought together farmers, buyers and business leaders [...]

More rural banks expand Micro Agricultural lending in Mindanao

Six Mindanao rural banks completed the RBAP-MABS training course on Agricultural Microfinance (MAP) last April 7-9, 2011 in Butuan City. The training, which is the second part of a two-phase Agri MF workshop, equipped the participants with the necessary tools and systematic approach to complete their micro-agri loan product manual and financial projections. Of the [...]