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““Rural Banking Innovation:Rural Banking Innovation:The Next Generation”The Next Generation”
By Dr. Jaime Aristotle B. Alip,Founder and Managing Director, CARD MRI
RBAP Symposium, November 11, 2011
Sharing with you the CARD Sharing with you the CARD story…story…
• CARD was established in December 1986
Twenty peso bill
Old typewriter
CARD Mutually
Reinforcing Institutions
“Mga Institusyon sa iisang Misyon”
CARD MRI is committed to:
Build sustainable financial and capacity building institutions owned and led by socially and economically challenged families;
Provide continued access to integrated microfinance and social development (credit with education,leadership with a heart, innovative community programs) services to an expanding membership base by organizing and empowering women and their families; and
Continue upholding the highest standards of stewardship of financial, human and institutional resources.
The CARD MRI: September The CARD MRI: September 20112011
Operations Update
Total Number of Clients Served 1,510,083
Number of Clients including Savers1,461,488
Total Number of Clients with Loans1,432,056
Total Number of Insured Persons 7,160,280
Amount of Loans Outstanding P6.1 B
Total Amount of Savings/CBU P4 B
Repayment Rate 99%
Total Number of Staff 6,543
Total Number of Offices 1,360
The CARD MRI: September The CARD MRI: September 20112011
Financial Update
Total Asset P11.5 B
Total Liabilities P8.9 B
Total Equity/Fund Balance
P2.5 B
Operational Self-Sufficiency
125.81%
Financial Self-Sufficiency 109.69%
Geographical presence of CARD Geographical presence of CARD MRIMRI
Partnership Program in Hong Kong since 2007
More than 1,343 Offices all over the Philippines since 1986
Partnership Program in Indonesia since February 2008
First International NGO Office in Cambodia since 2006
Partnership Program with TYM in Vietnam since 2005
NGO office in Laos starting 2009
Key Tenets for InnovationKey Tenets for Innovation
Weekly Center Meeting
•Focus on the Poorest-women
•“The Nanays” are our center of existence
•Client ownership (equity/shares)
1. Client 1. Client FocusedFocused
2. Culture of listening to clients’ voices and innovating to meet their needs
Key Tenets for InnovationKey Tenets for Innovation
Key Tenets for InnovationKey Tenets for Innovation
3. Responsive Financial Products
- Loans (productive,housing, emergency, solar)
- Savings (flexible)
4. Integration of Non-Financial Products
- Financial Literacy- CwE- Clinics/ Health Services
Key Tenets for InnovationKey Tenets for Innovation
6. Account Officers are motivated to work with the poor
5. Capacity building for middle and upper management
- Staff ownership (equity/ shares, performance incentives, and travels
Technological Innovation:
- CBS
- ATM
- Mobile Banking
Key Tenets for InnovationKey Tenets for Innovation
1. Succession strategies must be put in place if an institution is to flourish well beyond the lifetime of its founders.
2. An organization who takes care of its people and consider them as its most valuable resource will rewarded with loyalty.
3. Shared decision-making builds ownership.
To RBAP,Happy 54th Anniversary!
