“Sa produkto ng BPI-Globe BanKO, pinapadali ang mag-save, kumuha ng insurance at soon maka-loan para sa negosyo”. These were words imparted by Vincent Rapisura to over 200 BanKO current and potential clients in its first Financial Education Roadshow, held in Barangay Holy Spirit, Quezon City on September 1, 2012. This event aimed to help BanKO’s clients be more financially empowered. It also highlighted the benefits of having a BanKO account.
BPI Globe BanKO is the Philippines’ first mobile phone-based, microfinance-focused savings bank. BanKO was established in partnership between Bank of the Philippine Islands (BPI), Globe Telecom, and Ayala Corporation. It delivers financial services to communities through mobile banking and its network of partner outlets that performs cash in and cash out transactions.
BPI-Globe BanKO President, Ms. Teresita Tan, welcomed audience of the Financial Education Roadshow. Vincent Rapisura, the guest speaker, posed questions that assessed the audience’s financial standing. A financially literate individual is one who a) has adequate savings and insurance coverage; b) budgets; c) uses credit for productive purposes; and d) sets financial goals. In the following module, he shared ways on how to increase savings and income, and lessen expenses. Lastly, he discussed the definition and importance of insurance.
People learned more about BanKO’s services through videos and advertisements shown. Throughout the event, interested individuals opened their BanKO accounts in BanKO booth. In between modules, audience got the chance to win prizes through games and raffle draws. Some won additional deposit to their BanKO accounts, while top winner received a cellular phone unit.
Vincent Rapisura also conducts financial literacy trainings to Filipino migrants based in countries abroad. He is currently the President and CEO of SEDPI Group of Social Enterprises, a faculty of Ateneo de Manila University, and Program Manager of Ateneo Microfinance Capacity Building Program.