Category: Microfinance
-
SCCI Obtains PhP73 Million Loan Facility
SEDPI Capital Credit, Inc. (SCCI) was able to obtain a total of PhP73 million loan facility from BPI-Globa BanKO and Cordaid last September. BanKO increased its credit line to SCCI from PhP15 million to PhP50 million while Cordaid increased its loan exposure from PhP10 million to PhP13 million. Through the increased loan facility, SCCI is…
-
Low Usage of Mobile Money in the Philippines
Contrary to popular belief, there is low usage of mobile money in the Philippines. This is one of the main findings of SEDPI’s qualitative research conducted on August 2010. Almost all of the respondents have little or no knowledge about mobile money. The research aims to gain better understanding of the domestic demand for payment…
-
Ateneo-BPI Holds Training in Vigan, Ilocos Sur
A total of 15 participants coming from several microfinance institutions in Northern Luzon attended the “Fundamentals and Methodologies of Microfinance” training held at the Nueva Segovia Cosortium of Cooperatives in Vigan, Ilocos Sur on January 28-30. The training is the first offering for 2008 of the Ateneo-BPI Partnership to provide capacity building services to microfinance…
-
SEDPI Conducts Microfinance Immersion for Nigerian Government Agencies
To usher the new year, SEDPI conducted a five-day study tour entitled “Microfinance Immersion: A Study Tour of the Philippine Microfinance Industry” for Nigerian government agencies. The government agencies come from the Central Bank of Nigeria, Nigerian Deposit and Insurance Corporation, Ministry of Finance, and the National Association of Small and Medium Enterprises. The participants…
-
CORDAID Guarantee to OFW Investments
The Sustainable Investment Fund is an alternative investment option to Overseas Filipinos – workers, migrants and immigrants. Because it will be used to extend loans to microfinance institutions and social enterprises (SEs), this fund does not only give positive economic returns; it is socially responsible as well. When Overseas Filipinos invest a minimum of PhP50,000.00…
-
How to Turn Around a Struggling MFI: The ARDCI Story
In December 2006, ARDCI’s financial performance was so dire, it was at the brink of collapse. In the same year, it has realized its fourth consecutive year of net losses. The morale of the staff is low and everyone was watching ARDCI that was once the envy of a lot of MFIs in the Philippines.…
-
Ateneo Confers Diploma in Microfinance for the First Time
Two years after having launched the Ateneo Diploma Course in Microfinance, 35 graduates were conferred the Diplon in Microfinance in December 2008. Most of the graduates are Nigerians and only 5 Filipinos were able to complete the Diploma. The graduates we able to pass written exams and successfully completed projects to showcase their learnings in…