Sign up | Log in



Home  >>   Daily News  >>   Philippines  News  >>   Economy  >>   Strong microfinance in Philippines
NEWS UPDATES Asean Affairs        14  April 2011

Strong microfinance in Philippines

Related Stories

March 9, 2011
Philippines redeems more debt than it issues

April 7, 2011
Philippine manufacturers to pay less tax

April 2, 2011
Philippines central bank BSP mulls rate hike

April 1 , 2011
Philippines consumer sentiment fades

March 24, 2011
Philippine growth rate revised

March  22, 2011
Philippines kicks off bond sale

All the leading players in the local microfinance industry converged recently at a Bangko Sentral ng Pilipinas (BSP)-sponsored summit not only to exchange views on ways to improve the provision of financing to sectors in the society that needed it most but also to celebrate the Philippines being named among successful countries in the field of financial inclusion.

At the National Microfinance Stakeholders Summit held April 5, nearly 300 microfinance industry leaders gathered including Rural Bankers Association of the Philippines (RBAP) President Cora Miller.

Microfinance generally involves the provision of credit to poor and low-income households who are normally turned away by banks and have limited access to credit and a secure and safe place to save.

Microfinance loans are often used to expand the activities of the economically active poor while deposit services help poor and low-income households save for the future and build their assets.

RBAP is a staunch advocate of financial inclusion. It launched the Microenterprise Access to Banking Services (MABS) in 1998 with support from the United States Agency for International Development (USAID) with the main goal of expanding access to financial services for Filipinos in the countryside by assisting the rural banking industry with its 2,700 branches and other banking offices to more effectively reach out and service more clients.

The RBAP-MABS program began in Mindanao, where it initially provided training and technical assistance to rural banks but has since expanded to support rural banks nationwide.

The program is now focused on assisting rural banks to expand the range of financial services offered to meet a range of important needs in the countryside. In addition to microfinance loans and deposit services, these new services include micro agri-loan strategies, housing microfinance services, microinsurance, money transfer and micropayment services, as well as mobile phone banking services.

RBAP expects a significant increase in the microfinance services being offered by their member banks especially under the positive direction of the current Aquino administration, which is showing its support for the private sector to expand access to financial services. To counter political patronage of the past, for instance, the Aquino administration indicated plans to revamp pro-private sector microfinance policies.

In EIU’s “Global Microscope on the Microfinance Business Environment,” Philippine microfinance was cited as best in the world in terms of regulatory framework, and second best performing in terms of overall business environment. The recent ranking of the country in the survey was an improvement from 2009 when the Philippines was number three in overall business environment.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
  Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below




1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Today's  Stories    14  April 2011 Subsribe Now !
  • Indonesia must clarify China FTA problems   Subcribe: Asean Affairs Global Magazine
 • Indo regulation reform needed for infrastructure Asean Affairs Premium
 • Penang gets new Japanese investment  
Research Reports
on Thailand 2007-2008

•Textiles and Garments Industry

•Coffee industry

•Leather and footwear industry

•Shrimp industry

 • Philippines files South China Sea protest against China   
 • Philippine firms feel fuel inflation  

• Strong microfinance in Philippines  

 •Japanese rice in Thailand  

 • Thailand teaching Chinese English   p

Asean Analysis    14  April 2011

Advertise Your Brand

• Dam may impact fisheries on Mekong

Sponsor Our Events

Asean Stock Watch    14  April 2011


• Asean Stocks to Consolidate


Global News Impacting Asia    17 November 2010


• Bank of America sees Asian inflation


• Lloyd’s increases insurance push in Malaysia


• Wells Fargo analyst on euro


• Obama’s visit to Asia


ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent

• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore
• Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline
• Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More


Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand