Session	  5:	         The	  Microfinance	  Data	  Sharing	  System	                         (MIDAS)	                      P...
THE	  MICROFINANCE	  	  DATA	  SHARING	  SYSTEM	  	               (MiDAS)	                  	     RBAP	  MABS	  ROUNDTABLE...
RBB	  Foundation	  	                              3	  
RBB	  Foundation	  	  l    RBB Foundation continues Gov.      Paeng’s legacy in developing and      promoting sustainable...
What	  is	  MiDAS?	  l    Data Sharing System is the Microfinance      Credit Bureau that allows MFIs to submit      repo...
6	  
7	  
MIDAS	  Business	  Requirements	   Contains only 8 data elements 1.  Name of MFI 2.  Name of Borrower (Last Name, First   ...
MIDAS	  Business	  Requirements	   Contains only 8 data elements 6.  Other Loan Outstanding 7.  BAR Type - Explanation why...
 	  Key	  Agreements	  with	  MiDAS	  Participants	   1.  Reciprocity     o  Give = GET     o  Voluntary vs. Mandatory 2. ...
 	  Key	  Agreements	  with	  MiDAS	  Participants	  4.  Required Reports    o  Every 30 days    o  BAR - Categories BAR	 ...
 	  Key	  Agreements	  with	  MiDAS	  Participants	  5.  Ownership and Governance    o  Data belongs to participating MFIs...
 	  Learnings from the Field1. Challenges in robustness of data   o  Cascading of information to users   o  Backroom suppo...
 	  Learnings from the Field  2. The Response     o  Technical Working Group refined        business process        o  Uni...
 	  Learnings from the Field 2. The Response    o  Incorporation of client waiver in PNs    o  MFIS slowly acquiring repor...
 	  What   Makes It Work  1.    Reduces cost  2.    Multiple exposures to the same BAR  3.    Reciprocity  4.    Ownership...
 	  Some	  Statistics	  (as	  of	  June	  07,	  2012)           Region	                 Province	                    Count...
 	  Some	  Statistics	  (as	  of	  June	  07,	  2012) REGION I (ILOCOS REGION)	            LA UNION	                   7	 ...
 	  Some	  Statistics	  (as	  of	  June	  07,	  2012)REGION IV-B (MIMAROPA)	            MARINDUQUE	                    4	 ...
 	  Some	  Statistics	  (as	  of	  June	  07,	  2012) REGION V (BICOL REGION)	                   ALBAY	                   ...
 	  Some	  Statistics	  (as	  of	  June	  07,	  2012) REGION VII (CENTRAL                                        BOHOL	   ...
 	  Some	  Statistics	  (as	  of	  June	  07,	  2012)  REGION X (NORTHERN                                      BUKIDNON	  ...
 	  Some	  Statistics	  (as	  of	  June	  07,	  2012)     BAR	  	                                    ClassificaMon	   	  	 ...
… Paeng Microfinance Awards	  l    Aside from the MiDAS credit bureau, the      RBB Foundation has launched the Paeng    ...
… Paeng Microfinance Awards	  l    Theme for first year of Awards is      PIONEERING      ü    Product or service      ü...
… Paeng Microfinance Awards	  •  Winners will earn the distinction of being   a catalyst like Gov. Paeng, i.e, pushing the...
… Paeng Microfinance Awards	  l    Call for nominations will be on April 1,      2012 with the help of networks, councils...
… Paeng Microfinance Awards	  l    Networks, etc to rank and endorse to      RBB Foundation top ten MFIs from      among ...
For more information, go to http://         rbb.bapcb.com               	                   	                             ...
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The Microfinance Data Sharing System (MiDAS)

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Ms. Patricia Calilong, BOT of the Rafael B. Buenaventura Foundation discusses the updates on the Microfinance Data Sharing System (MiDAS) during the 2012 RBAP-MABS National Roundtable Conference on June 8.

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The Microfinance Data Sharing System (MiDAS)

  1. 1. Session  5:   The  Microfinance  Data  Sharing  System   (MIDAS)   Patricia Calilong BAP-Credit Burea 2012 RBAP-MABS National Roundtable Conference June 7-8, 2012 Hyatt Hotel & Manila  
  2. 2. THE  MICROFINANCE    DATA  SHARING  SYSTEM     (MiDAS)     RBAP  MABS  ROUNDTABLE   08  JUNE  2012   2  
  3. 3. RBB  Foundation     3  
  4. 4. RBB  Foundation    l  RBB Foundation continues Gov. Paeng’s legacy in developing and promoting sustainable microfinance through capability building. 4  
  5. 5. What  is  MiDAS?  l  Data Sharing System is the Microfinance Credit Bureau that allows MFIs to submit reports, send inquiries and retrieve results on borrower information.l  Primarily, share data to identify and offer reform programs to ‘borrowers at risk’ rather than build a traditional negative list of clients to be used as a ‘caution list’. 5  
  6. 6. 6  
  7. 7. 7  
  8. 8. MIDAS  Business  Requirements   Contains only 8 data elements 1.  Name of MFI 2.  Name of Borrower (Last Name, First Name, Middle Initial) 3.  Birthdate (MM / DD / YYYY) 4.  Complete Address (no., street, brgy, municipality or city, province) 5.  Regular Loan Outstanding (Income Generating Loan) 8  
  9. 9. MIDAS  Business  Requirements   Contains only 8 data elements 6.  Other Loan Outstanding 7.  BAR Type - Explanation why borrower is classified as “at risk” based on the definition of client at risk (code applies only to regular loans). In cases where the client does not have regular loan, code applies to other loans. 8.  Cutoff date of report of the institution 9  
  10. 10.    Key  Agreements  with  MiDAS  Participants   1.  Reciprocity o  Give = GET o  Voluntary vs. Mandatory 2.  Confidentiality o  Info limited to those who are authorized w/in the institution 3.  Retention o  No prescription o  Obligation to report any resolution in BAR 10  
  11. 11.    Key  Agreements  with  MiDAS  Participants  4.  Required Reports o  Every 30 days o  BAR - Categories BAR  TYPE   Value    Descrip>on 01-­‐01    FRAUD  –  ride  on  /  loan  sharing  /  dummy  loans 01-­‐02    FRAUD  –  non  remiKance  of  collec>ons 01-­‐03    FRAUD  –  geMng  commission  on  loans  released  of  other  members 02-­‐01    ABSENCE  /  DISAPPEARANCE 03-­‐01    UNDER  LITIGATION 04-­‐01    WRITTEN  OFF  ACCOUNTS  /  BAD  DEBT  ACCOUNTS 05-­‐01    MATURED  LOANS 06-­‐01    DROP  OUT  –  loan  paid  by  center/group/co-­‐member 06-­‐02    DROP  OUT  –  expelled  by  center  member    Restructured  loans  that  incurred  at  least  2  missed  payments  w/o      valid   07-­‐01 reason 11   99-­‐99    OTHERS
  12. 12.    Key  Agreements  with  MiDAS  Participants  5.  Ownership and Governance o  Data belongs to participating MFIs collectively o  Create an entity to own and manage MiDAS going forward o  RBB Foundation plays only an interim role6.  Client Waiver – authorizes MFI to report client’s name in the BARIS7.  Cost o  Annual Membership Fee – P10, 000 12  
  13. 13.    Learnings from the Field1. Challenges in robustness of data o  Cascading of information to users o  Backroom support o  Access problems o  Client Waiver o  Errors in reporting (learning cycle) o  Cut off date and period covered 13  
  14. 14.    Learnings from the Field 2. The Response o  Technical Working Group refined business process o  Unique reference number per account (in group lending) is mandatory o  Changes in status of borrower at risk are inserted to preserve history of the loan account o  Workshop conducted for users and I.T. personnel of MFIs to cascade rules and allowed sharing of experiences from using the system 14  
  15. 15.    Learnings from the Field 2. The Response o  Incorporation of client waiver in PNs o  MFIS slowly acquiring reporting discipline o  Inquiries are made per loan application 15  
  16. 16.    What Makes It Work 1.  Reduces cost 2.  Multiple exposures to the same BAR 3.  Reciprocity 4.  Ownership 16  
  17. 17.    Some  Statistics  (as  of  June  07,  2012) Region   Province   Count   CAR - CORDILLERA ADMINISTRATIVE BENGUET   20   REGION   Region Total   20   NCR - NATIONAL GMA - NCR FOURTH 13   CAPITAL REGION   DISTRICT   NCR - NATIONAL GMA - NCR SECOND 9   CAPITAL REGION   DISTRICT   Region Total   22   17  
  18. 18.    Some  Statistics  (as  of  June  07,  2012) REGION I (ILOCOS REGION)   LA UNION   7   Region Total 7 REGION III (CENTRAL LUZON)   TARLAC   161   Region Total   161 REGION IV-A (CALABARZON)   BATANGAS   133   REGION IV-A (CALABARZON)   CAVITE   50   REGION IV-A (CALABARZON)   LAGUNA   258   REGION IV-A (CALABARZON)   QUEZON   40   REGION IV-A (CALABARZON)   RIZAL   156   Region Total   637   18  
  19. 19.    Some  Statistics  (as  of  June  07,  2012)REGION IV-B (MIMAROPA)   MARINDUQUE   4  REGION IV-B (MIMAROPA)   OCCIDENTAL MINDORO   16  REGION IV-B (MIMAROPA)   ORIENTAL MINDORO   35  REGION IV-B (MIMAROPA)   PALAWAN   283  Region Total   338  REGION IX (ZAMBOANGA ZAMBOANGA DEL NORTE   6  PENINSULA)  REGION IX (ZAMBOANGA ZAMBOANGA SIBUGAY   11  PENINSULA)  Region Total   17   19  
  20. 20.    Some  Statistics  (as  of  June  07,  2012) REGION V (BICOL REGION)   ALBAY   1   REGION V (BICOL REGION)   CAMARINES NORTE   23   REGION V (BICOL REGION)   CAMARINES SUR   34   REGION V (BICOL REGION)   MASBATE   222   REGION V (BICOL REGION)   SORSOGON   299   Region Total   579   REGION VI (WESTERN VISAYAS)   AKLAN   322   REGION VI (WESTERN VISAYAS)   ANTIQUE   1314   REGION VI (WESTERN VISAYAS)   CAPIZ   347   REGION VI (WESTERN VISAYAS)   GUIMARAS   103   REGION VI (WESTERN VISAYAS)   ILOILO   1282   REGION VI (WESTERN VISAYAS)   NEGROS OCCIDENTAL   25   Region Total   3393   20  
  21. 21.    Some  Statistics  (as  of  June  07,  2012) REGION VII (CENTRAL BOHOL   54   VISAYAS)   REGION VII (CENTRAL CEBU   406   VISAYAS)   Region Total   460   REGION VIII (EASTERN EASTERN 419   VISAYAS)   SAMAR   REGION VIII (EASTERN LEYTE   157   VISAYAS)   REGION VIII (EASTERN NORTHERN 907   VISAYAS)   SAMAR   21  
  22. 22.    Some  Statistics  (as  of  June  07,  2012) REGION X (NORTHERN BUKIDNON   7   MINDANAO)   REGION X (NORTHERN MISAMIS ORIENTAL   72   MINDANAO)   Region Total   79   REGION XI (DAVAO REGION)   DAVAO DEL SUR   8   Region Total   79   REGION XIII (CARAGA)   AGUSAN DEL NORTE   2191   REGION XIII (CARAGA)   SURIGAO DEL NORTE   95   REGION XIII (CARAGA)   SURIGAO DEL SUR   23   Region Total   2309   22   Grand Total = 9574  
  23. 23.    Some  Statistics  (as  of  June  07,  2012) BAR     ClassificaMon       Count   01-­‐01   FRAUD  -­‐  ride  on  /  loan  sharing  /  dummy  loans   127   01-­‐02   FRAUD  -­‐  non  remiKance  of  collec>ons   40   02-­‐01   ABSENCE  /  DISAPPEARANCE   156   04-­‐01   WRITTEN  OFF  ACCOUNTS  /  BAD  DEBT  ACCOUNTS   2431   05-­‐01   MATURED  LOANS   6228   06-­‐01   DROP  OUT  -­‐  loan  paid  by  center/group/co-­‐member   36   06-­‐02   DROP  OUT  -­‐  expelled  by  center  member   104   07-­‐01   Restructured  loans  that  incurred  at  least  2  missed   127   payments  w/o  valid  reason   99-­‐99   OTHERS   325   TOTAL   9574   23  
  24. 24. … Paeng Microfinance Awards  l  Aside from the MiDAS credit bureau, the RBB Foundation has launched the Paeng Microfinance awards that will.. - Recognize outstanding MFIs who through their initiatives have carried out exemplary work, worthy of emulation. 24  
  25. 25. … Paeng Microfinance Awards  l  Theme for first year of Awards is PIONEERING ü  Product or service ü  Delivery mechanism ü  New / remote area or community never been served by microfinance 25  
  26. 26. … Paeng Microfinance Awards  •  Winners will earn the distinction of being a catalyst like Gov. Paeng, i.e, pushing the frontiers of microfinance forward to empower microentrepreneurs to help themselves•  Technical assistance to strengthen MFIs’ commercial sustainability will be provided to winners by experts from the field 26  
  27. 27. … Paeng Microfinance Awards  l  Call for nominations will be on April 1, 2012 with the help of networks, councils, banking federations/ associations, etc. in information campaignl  Entry or nominations forms will be down- loaded from the RBB Foundation websitel  MFIs will submit entry or nominations forms to networks, councils, federations, etc. of which they are members 27  
  28. 28. … Paeng Microfinance Awards  l  Networks, etc to rank and endorse to RBB Foundation top ten MFIs from among the nominations (criteria to be furnished by the Paeng Awards Technical Committee)l  Ranking done by networks, etc will in no way influence the final outcomel  Awarding is in November 2012. 28  
  29. 29. For more information, go to http:// rbb.bapcb.com     29  

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