January 2010 Highlights

Download MABS January 2010 Highlights .

RBAP-MABS gears up to support expansion of micro agri lending

In light of the BSP’s approval of micro-agri lending expansion last week, the Rural Bankers Association of the Philippines (RBAP) Microenterprise Access to Banking Services (MABS) Program is gearing up to support the extension of this product among all qualified RBAP member rural banks. Supported by the United States Agency for International Development (USAID), the [...]

BSP expands coverage of micro-agri loan

Small farmers may soon tap any bank for their funding needs after the Bangko Sentral ng Pilipinas (BSP) allowed all banks to offer micro-agri loans. BSP Governor Amando M. Tetangco, Jr. told reporters on Friday the Monetary Board, the central bank’s policy-setting body, has agreed to permit all banks to offer micro-agri loans, instead of [...]

RBAP plans for big time mobile phone banking services expansion this 2010

The Rural Bankers Association of the Philippines (RBAP) projects a substantial increase in mobile phone banking services this year as G-Xchange, Inc. (GXI) plans to activate Globe Telecom’s nationwide sub distributer network of over 18,000 cash-in and cash-out outlets. Combined with the mobile phone banking services developed by USAID-supported RBAP-MABS program, this will provide the [...]