Microenterprise Access to Banking Services

Microenterprise Access to Banking Services

The Microenterprise Access to Banking Services (MABS) Program is an initiative designed to accelerate national economic transformation by encouraging the Philippine rural banking industry to significantly expand microenterprise access to microfinance services. To do so, the MABS Program assists client rural banks in the Philippines to increase the financial services they provide to the microenterprise sector by providing microfinance technical assistance and training to rural banks. Trained banks in turn offer microfinance loan and deposit services specially tailored to microenterprise clients.

Since its inception in 1998, the MABS Program has worked directly with over 100 rural banks to develop and expand their microfinance services in the Philippines.

Significantly, there are over 750 rural and cooperative rural banks covering over 85% of the municipalities and cities of the Philippines. These banks are culturally and geographically close to the potential clients that comprise the microenterprise sector. It has been shown that limited access to financial services constrains economic growth in the Philippines. This is especially true for lower socio-economic groups, which must turn to moneylenders, pawn shops or lending investors for credit instead of formal institutions. MABS targets these lower socio-economic groups and microentrepreneurs by working with rural banks to reach such groups in a profitable, but equitable, manner.

The Program is funded by the U.S. Agency for International Development (USAID), and is being implemented in partnership with the Rural Bankers Association of the Philippines (RBAP). Philippine government oversight of the Program is provided by the Mindanao Economic Development Council (MEDCo).

[(<object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/SP9s-a2mHWo&hl=en&fs=1"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/SP9s-a2mHWo&hl=en&fs=1" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="425" height="344"></embed></object>)]

External links


Wikimedia Foundation. 2010.

Игры ⚽ Поможем сделать НИР

Look at other dictionaries:

  • Friends of Women's World Banking — Infobox Company company name = Friends of Women s World Banking (FWWB), India company company type = NGO company slogan = Give Credit to Women foundation = 1982 by Ela Bhatt location = flagicon|INDAhmedabad, India key people = flagicon|IND… …   Wikipedia

  • Cooperative Bank of Misamis Oriental — is a cooperative bank based in Misamis Oriental, the Philippines. It participates in the Microenterprise Access to Banking Services program.[1] References ^ Rural banking grows via microenterprise access program . GMA News. 12/10/2008 …   Wikipedia

  • Microfinance — Community based savings bank in Cambodia. There are a rich variety of financial institutions which serve the poor. Microfinance is the provision of financial services to low income clients or solidarity lending groups including consumers and the… …   Wikipedia

  • Micro-enterprise — A micro enterprise (or microenterprise) is a type of small business, often registered, having five or fewer employees and requiring seed capital of not more than $35,000.[1] The term is often used in Australia to refer to a business with a single …   Wikipedia

  • Accion USA — infobox company company name = ACCION USA (AUSA) company company type = Body Corporate foundation = 1991 location = Boston, Atlanta, Miami origins = New York key people = Joseph Blatchford, founder area served = United States industry =… …   Wikipedia

  • Micro-finance — Microfinance Banque d épargne communautaire au Cambodge Les services de microfinance consistent en la fourniture d’un ensemble de produits financiers à tous ceux qui sont exclus du système financier classique ou formel[1 …   Wikipédia en Français

  • Microfinance — Les services de microfinance fournissent un ensemble de produits financiers à tous ceux qui sont exclus du système financier classique ou formel[1]. Ils concernent en général les habitants pauvres des pays en développement. De façon plus générale …   Wikipédia en Français

  • Microcredit — This article is specific to small loans. For financial services to the poor, see Microfinance. For small payments, see Micropayment. Microcredit is the extension of very small loans (microloans) to those in poverty designed to spur… …   Wikipedia

  • Economy of Nigeria — Currency Nigerian naira (N) (NGN) Trade organisations OPEC Statistics GDP $377.6 billion (2010 est.) (PPP; 31st) …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”