Opportunities for Rural Banks to Expand Microfinance Banking ServicesJohn Owens
This presentation was given during the Confederation of Southern Tagalog Rural Bankers Management Conference entitled "Gearing Up: Striking the Balance between Regulation and the Biz" on February 24, 2011. The overall theme was to explore new business opportunities that now exist in light of recent regulations in the Philippines. These new regulations will make it easier for rural banks to expand and offer new microfinance products and services in 2011.
Policy Paper on Promoting Own Account Enterprises (OAEs) - Foundation for MSM...TheBambooLink
We are delighted that this unique Award Programme for “Responsible Indian BMOs” has now successfully entered its fifth year. This year is special, as with the support of the Office of Development Commissioner, Ministry of MSME, we have taken the Award Programme to a new height by organizing “Cluster Conclave and 5th BMO Award: Innovate to Lead”.
Policy Paper on Promoting Own Account Enterprises (OAEs) : Foundation for MSM...TheBambooLink
Micro, Small and Medium Enterprise (MSME) sector is a key player in generating employment and contributing to the India’s GDP and industrial output. There are 6.34 Crore enterprises in various industries, employing close to 11.1 Crore people.1 In all, the MSME sector accounts for 29 percent of India’s GDP and 40 percent of exports.
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Price Transparency and Microfinance Related RegulationsMABSIV
Mr. Gerardo Butardo of Bangko Sentral ng PIlipinas (BSP) discusses latest updates on price transparency and microfinance related regulations by the BSP during the 2012 RBAP-MABS National Roundtable Conference on June 7.
Strengthening Access To Credit R.A 6977.pptxRomalieGalleto
An Act Strengthening Access to Credit of Micro, Small and Medium Enterprises, Amending For the Purpose the R.A 6977 otherwise known as "Magna Carta for Micro, Small and Medium Enterprises" and for other purposes
FULL TITLE:
What is the Cutting Edge for Microfinance in Rural Areas and Arid and Semi-Arid Land?
ROOM: Tsavo A
Translated session: English & French
PANEL:
Chair: Mr. Wolday Amha, Executive Director, Association of Ethiopian Microfinance Institution (AEMFI), Ethiopia
Panelist: Mr. Issa Barro, Inclusive Finance Specialist, United Nations Capital Development Fund (UNCDF), Senegal
Panelist: Mr. Mwangi Githaiga, Managing Director, Kenya Women Finance Trust (KWFT), Kenya
RBAP Executive Director Vicente Mendoza shares how the MABS Program will continue and expand with RBAP and RBRDFI during the 2012 National Roundtable Conference on June 8.
USING NEW CHANNELS TO EXPAND MICROFINANCE SEVICESMABSIV
Mr. Melvin Yu of Cantilan Bank shares their technological development to illustrate how far banking technology has come – and what its implications have been during the 2012 RBAP-MABS National Roundtable Conference on June 8.
The SMART Islands Activation Program Empowerment through Mobile BankingMABSIV
Mr. Jun Perez of SEEDFINANCE explains how their partnership with SMART in the Island Activation Program supports empowerment through mobile banking during the 2012 RBAP-MABS National Roundtable Conference on June 8.
Preliminary Evaluation of Consumer Education Tools for Mobile Phone Banking: ...MABSIV
Microfinance Research Officer Craig Tower presents the preliminary results of the outcomes assessment of the Financial Education for Branchless Banking Project during the 2012 RBAP-MABS National Roundtable Conference on June 8.
MOBILE COMMERCE INNOVATIONS: NEW IDEAS & RETURNSMABSIV
GXI President Paolo Baltao announces the next generation GCASH mobile money services, which are expected to provide new features as well as create a more seamless experience for rural bank clients and GCASH users during the 2012 RBAP-MABS National Roundtable Conference on June 8.
Lessons in Microinsurance Business ExpansionMABSIV
Mr. Gilbert Soliven of Progressive Bank shares how to effectively market and sell microinsurance products during the 2012 RBAP-MABS National Roundtable Conference on June 8.
Bangko Kabayan President Francis Ganzon shares how to successfully choose a microinsurance provider during the 2012 RBAP-MABS National Roundtable Conference on June 8.
Managing Director Zaldy W. Pacificar of Katipunan Bank shares the bank experience on providing microinsurance products and services to their clients during the 2012 RBAP-MABS National Roundtable Conference on June 8.
Beyond SMS: Using Social Networks to Reach a Broader MarketMABSIV
MABS Chief of Party John V. Owens shares how banks could utilize social networks to broaden their microfinance market during the 2012 RBAP-MABS Nationa Roundtable Conference on June 8.
The Microfinance Data Sharing System (MiDAS)MABSIV
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.
Using the Credit Bureau: Experience from the FieldMABSIV
Credit Bureau Manager Mr. Manuel Batallones shares how credit bureau helps the banks in mitigating the risk of getting bororwers with negative credit history during the 2012 RBAP-MABS National Roundtable Conference on June 8.
MABS Deputy Chief of Party, Ms. Meliza Agabin shares how banks should use the MABS performance monthly reports to track the bank's performance and make informed decision during the 2012 RBAP-MABS Nationa Roundtable Conference on June 8.
Results of the Study on Multiple Lending and the Challenges Faced by BanksMABSIV
Mr. Ronald Chua of the Asian Institute of Managment shares the findings of the Study on Multiple Lending and the Challenges Faced by Banks during the 2012 RBAP-MABS National Roundtable Conference on June 8.
“SCORECARD” Incentive Remuneration System for MicrofinanceMABSIV
Ms. Vivian Lim of First Valley Bank shares their bank experience on using the EAGLE Scorecard to optimize the bank's microfinance operations during the 2012 RBAP-MABS National Roundtable Conference on June 7.
Measuring Performance through the EAGLE Score CardMABSIV
MABS Microfinance Specialist, Ms. Jennifer Sabianan shares how to use the EAGLE Scorecard to measure the bank's microfinance performance during the 2012 RBAP-MABS National Roundtable Conference on June 7.
Ms. Elizabeth Larson, the Regional Manager for Asia of Microfinance Information eXchange shares during the RBAP-MABS National Roundtable Conference how banks could use the MIX Market Report and updates on its developments.
Mr. Paolo Baltao, President of GXI, presents a preview of the new G-Xchange product called PowerPay Plus which links an ATM card to the GCASH wallets of employees who receive their payroll via GCASH.
5 Tips for Creating Standard Financial ReportsEasyReports
Well-crafted financial reports serve as vital tools for decision-making and transparency within an organization. By following the undermentioned tips, you can create standardized financial reports that effectively communicate your company's financial health and performance to stakeholders.
This presentation poster infographic delves into the multifaceted impacts of globalization through the lens of Nike, a prominent global brand. It explores how globalization has reshaped Nike's supply chain, marketing strategies, and cultural influence worldwide, examining both the benefits and challenges associated with its global expansion.
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What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the what'sapp contact of my personal pi merchant to trade with.
+12349014282
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
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Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
1. Elemental Economics - Introduction to mining.pdfNeal Brewster
After this first you should: Understand the nature of mining; have an awareness of the industry’s boundaries, corporate structure and size; appreciation the complex motivations and objectives of the industries’ various participants; know how mineral reserves are defined and estimated, and how they evolve over time.
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just what'sapp this number below. I sold about 3000 pi coins to him and he paid me immediately.
+12349014282
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the what's app number of my personal pi vendor to trade with.
+12349014282
Seminar: Gender Board Diversity through Ownership NetworksGRAPE
Seminar on gender diversity spillovers through ownership networks at FAME|GRAPE. Presenting novel research. Studies in economics and management using econometrics methods.
2. Elemental Economics - Mineral demand.pdfNeal Brewster
After this second you should be able to: Explain the main determinants of demand for any mineral product, and their relative importance; recognise and explain how demand for any product is likely to change with economic activity; recognise and explain the roles of technology and relative prices in influencing demand; be able to explain the differences between the rates of growth of demand for different products.
The WhatsPump Pseudonym Problem and the Hilarious Downfall of Artificial Enga...
The Bangko Sentral ng Pilipinas and Microfinance: Recent Regulations and Issuances
1. The Bangko Sentral ng Pilipinas
and Microfinance: Recent
Regulations and Issuances
Pia Bernadette Roman Tayag
Inclusive Finance Advocacy
Bangko Sentral ng Pilipinas
RBAP-MABS Regional Roundtable
Pan Pacific Hotel, Manila
23 November 2010
2. Outline of Presentation
Microfinance and Financial Inclusion: Policy
Framework
Summary of 2010 Regulations
Microfinance Products
Microfinance Industry/ Infrastructure
Microfinance Delivery Channels
Regulation in Focus: Establishment of Micro-Banking
Offices (MBOs)
3. Microfinance and
Financial Inclusion
Microfinance has proven market-based solutions to
address financial access issues are feasible.
Building on this success, the goal of financial inclusion
aims to expand a wide range of services to more people
who need them.
Such financial services include savings, credit, insurance,
payment services, remittances.
These products must be appropriately designed and
priced for the particular market and delivered by duly
authorized institutions.
Bank and non-bank products and delivery channels can
combine to reach the financially excluded.
4. Microfinance and
Financial Inclusion
Financial inclusion is a worthy policy objective,
alongside the promotion of stability and efficiency in
the financial system
Financial inclusion and financial stability may be
mutually reinforcing
Supervisory concerns and risks are real and valid but
can be adequately managed
Policy approach is to promote an enabling
environment based on proportionate application of
sound and generally accepted regulatory and
supervisory principles
5. Recent BSP Issuances (2010)
MICROFINANCE PRODUCTS – characterized by the
increasing appreciation that the microfinance market
need a wide range of products. Innovation in the delivery
of such services is important.
Housing Microfinance
Micro-Agri
Microinsurance
Micro-deposit Accounts
6. Recent BSP Issuances (2010)
Circular 678 - HOUSING MICROFINANCE
Purpose
House construction
House and/or lot acquisition
Home improvements/repairs
Loan Amount
Up to P300T for house construction/house and lot acquisition
Up to P150T for home improvements/repairs
Loan Value
Up to 90% of the appraised value of REM
Acceptable valuation in cases of usufruct, leases, etc.
Capacity to pay based on cash flow analysis
7. Recent BSP Issuances (2010)
Circular 678 - HOUSING MICROFINANCE
Loan Payment
Loan payments not exceed reasonable percentage of clients
income
Terms
Up to 15 years – house construction/house and lot acquisition
Up to 5 years – home improvement/repairs
8. Recent BSP Issuances (2010)
Circular 680 – MICRO-AGRI LOANS
Purpose
For farming activities, agri business and agri-related fixed
assets, among others, utilizing microfinance principles and
methodologies in accordance with existing BSP regulations
Eligibility
Multiple income (farm and off-farm)
Farm activity at least 2 years in operation
Existing borrowers with good track record
Loan Amount
Up to PhP 150,000
9. Recent BSP Issuances (2010)
Circular 680 – MICRO-AGRI LOANS
Payment
Frequent amortization
Lump sum may be considered up to 40% of the loan amount
Other requirements
Loan product included in manual
Criteria/characteristics of MF loans must be present
10. Recent BSP Issuances (2010)
Circular 683 - MICROINSURANCE
Definition
activity providing specific insurance, insurance-like and other
similar products and services that meet the needs of the low-
income sector for risk protection and relief against distress,
misfortune and other contingent events
Authority for banks
Allows thrift, rural and cooperative banks to market, sell and
service microinsurance products to their microfinance clients
These banks can now collect premiums and pay claims for
microinsurance products duly approved by the Insurance
Commission
11. Recent BSP Issuances (2010)
Circular 683 - MICROINSURANCE
Features of Microinsurance
The amount of premiums, contributions, fees or charges,
computed on a daily basis, does not exceed five (5) percent of
the current daily minimum wage rate for non-agricultural
workers in Metro Manila; and
The maximum sum of guaranteed benefits is not more than 500
times the daily minimum wage rate for non-agricultural workers
in Metro Manila.
12. Recent BSP Issuances (2010)
Circular 694 – MICRO-DEPOSITS
Definition
Savings accounts that cater to the needs of the basic sectors,
low-income clients and those that are unserved or underserved
by the financial system. They are appropriately designed and
priced to fit the needs and capacity of this particular market.
Features of a Micro-deposit
Minimum maintaining balance not exceeding One Hundred
Pesos (P100.00)
Not subject to dormancy charges
Only for individual microfinance clients whose average daily
savings account balance does not exceed Fifteen Thousand
Pesos (P15,000.00)
13. Recent BSP Issuances (2010)
MICROFINANCE INDUSTRY INFRASTRUCTURE –
supports the development of a vibrant, robust and
professional microfinance industry
14. Recent BSP Issuances (2010)
Circular 685 – MICROFINANCE INSTITUTION RATING
AGENCIES (MIRA)
Create enabling environment for appropriate use of objective,
credible and competent third-party ratings of MFIs, particularly
those that provide ratings for banks with MF operations
Rules include pre-qualification and minimum eligibility criteria
Ensure that MIRAs:
Demonstrate commitment to comply with relevant rules and
regulations
Possess technical capability, experience and organizational
resources to provide objective and transparent ratings
Use a rating framework that reflects all material facets of
microfinance operations, its attendant risks and operational
challenges.
15. Recent BSP Issuances (2010)
DELIVERY CHANNELS/ ACCESS POINTS – recognizes
the need to create a wide network of access points for
financial services
16. Recent BSP Issuances (2010)
Circular 694 – OTHER BANKING OFFICES :
REGULATION IN FOCUS
Highlights
No longer need to be attached to a microfinance-oriented bank
or branch to perform microfinance operations
Fully expanded the suite of services available for microfinance
clients and OF beneficiaries
Can be applied in batches based on a specific strategy
presented by the banks
17. Recent BSP Issuances (2010)
Circular 694 – OTHER BANKING OFFICES :
REGULATION IN FOCUS
Recognizes two types of other banking offices (OBOs)
Regular OBOs – non transactional services
Microfinance OBOs or Micro-banking Offices (MBOs)
Possible activities of an MBO
Accept micro-deposits including initial deposit
Accept check deposits of microfinance clients for collection and
credit to own deposit accounts
Disburse/release proceeds of micro-loans and collect loan
amortization payments and related charges
Present, market, sell and service microinsurance products
18. Recent BSP Issuances (2010)
Circular 694 – OTHER BANKING OFFICES :
REGULATION IN FOCUS
Possible activities of an MBO
Receive/pay-out funds in connection with authorized remittance
transactions
Act as a cash/money in and cash/money out for electronic
money (e-money) transactions
Collect premiums/pay out benefits from/to members of social
security institutions such as the Government Service Insurance
System (GSIS) (GSIS), Social Security System (SSS), other
government authorized pension and benefit systems, Philippine
Health Insurance Corporation (PhilHealth) and Employees
Compensation Commission (ECC)
19. Recent BSP Issuances (2010)
Circular 694 – OTHER BANKING OFFICES :
REGULATION IN FOCUS
Possible activities of an MBO
Pay out benefits under government-sponsored conditional cash
transfer schemes
Accept utilities payments
Purchase foreign currencies up to the maximum equivalent of
USD300 per client per day for credit to micro-deposit accounts
20. Recent BSP Issuances (2010)
Circular 694 – OTHER BANKING OFFICES :
REGULATION IN FOCUS
General Pre-Qualifying Requirements
Safety and Soundness Considerations
Capacity/ Capability Considerations
Presence of a coherent strategy in utilizing MBOs
21. Recent BSP Issuances (2010)
Circular 694 – OTHER BANKING OFFICES :
REGULATION IN FOCUS
Additional Requirements for MBO
At least fifty percent (50%)of total transactions generated are
with microfinance clients
Maximum on-site cash limit not exceeding PhP 500,000 per
day, commensurate to its level of banking activities
Adequate physical facilities and security arrangements as well
as information and transaction support systems appropriate to
the level of banking activities undertaken and services offered
Managed by a responsible officer with adequate experience or
training in microfinancing activities
Manual of operations
22. Recent BSP Issuances (2010)
Circular 694 – OTHER BANKING OFFICES :
REGULATION IN FOCUS
Transitory Provision
The bank shall declare to the BSP the desired classification
(regular or MF-OBO/ MBO) of its existing OBOs within 30
calendar days from the effectivity of the revised Guidelines;
provided that all existing OBOs shall conform to the revised
Guidelines or phase out non-conforming activities within six
months from its effectivity; provided further that the president of
a bank with an existing OBO covered by this transitory provision
shall certify under oath to the BSP within 30 days from the end
of the transition period that all existing OBOs conform to the
revised Guidelines.