Eighteen management staff from BPI Globe BanKO attended the training course entitled “Delivering Pro-Poor Financial Services: Microcredit”. The course was delivered by SEDPI last August 22 – 24, in BPI Globe BanKO’s Head Office in San Juan. The course discusses the definition and principles of microfinance, the characteristics of microfinance clients and various methodologies in the provision of microcredit. The course also presents character and debt capacity as bases for assessing credit worthiness and gives a preview on how to prevent delinquency. Through the identification of the causes and costs of delinquency, the participants are encouraged to develop policies on how to prevent and mitigate these. SEDPI also shares its vast experience in implementing effective delinquency management techniques during the training.
ADMU-SEDPI Microfinance Capacity Building Program partnered with BPI Globe BanKO to extend capacity-building interventions to local and international microfinance and microenterprise stakeholders to improve their delivery of financial services to the enterprising poor. This strategic partnership combines the capacity-building services of ADMU-SEDPI with the network of BPI Globe BanKO to reach more microfinance institutions nationwide.
BPI Globe BanKO is a joint venture among BPI, Ayala Corporation and Globe Telecom, combining and harnessing the three companies’ specializations on sustainable development, financial services, and mobile technology. Though the bank offers financial services to low-income entrepreneurs, they also capacity-building loans to microfinance institutions. The capacity-building loan may be used for improvement of operations, expansion of branch networks, and development of management information systems. The loan also includes training of officers and staff in partnership with the ADMU-SEDPI Microfinance Capacity Building Program.
The training event was lead by SEDPI President and CEO Mariel Vincent Rapisura and Chairperson Edwin Salonga. Program Manager Emilenn Kate Sacdalan and Program Officers Florence Angelica Adviento, Enid Kathleen Madarcos, Denise Subido and Cherryl Si also assisted in the delivery of the training. Overall, the participants enjoyed the training and rated it as excellent.