For the eight winners of the 2011 Citi Microentrepreneur of the Year, it was not just about receiving that most coveted trophy in the microfinance industry; it was about their dreams in their hands. Masikap National Winner Corazon Bautista said that she could not express what she felt at that moment, but the pride in all of the winners’ eyes said it all.
New features give targeted guidance based on growing body of SPM experience Continue reading →
Out of the forty three organizations that submitted data for MicroFinance Transparency (MFT)’s Transparent Pricing Initiative in the Philippines, twenty four are members of the Microfinance Council of the Philippines, Inc. (MCPI). Of this number, 15 are non-government organizations, 7 are rural banks, and 2 are cooperatives. Continue reading →
Friday, 27 May 2011 – Bangko Sentral ng Pilipinas (BSP) Governor Amando Tetangco and Citi Country Officer for the Philippines Sanjiv Vohra led today’s launching ceremonies of the annual Citi Microentrepreneur of the Year (MOTY) Awards held at the Executive Business Center of BSP. Continue reading →
There is a Chinese proverb that says, “give a man a fish and you feed him for a day. Teach a man to fish and you feed him for a lifetime.” The wisdom in this saying is one of the messages symbolized in the former and new logos of the Microfinance Council of the Philippines Inc. (MCPI).
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An impressive display of the Citi Microentrepreneur of the Year awards program and winners greeted all participants to the first-ever National Microfinance Stakeholders Summit hosted by the Bangko Sentral ng Pilipinas on April 4 and 5. The summit brought together nearly 300 key players in the microfinance industry – policymakers, regulators, microfinance institutions, donors, rating agencies and investors.
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Smart Communications, the leading telecommunications company in the Philippines, recently joined forces with the Microfinance Council of the Philippines to promote microfinance in the country. Holding a total of 52% of the market share with 44 to 45 million subscribers, Smart aims to utilize one of their ongoing services in a manner that will benefit more than just the average user. Continue reading →
Winners of the 2008 Citi Microentrepreneur of the Year Awards, a nationwide search for outstanding Filipino microentrepreneurs, was announced today in the awarding ceremony held at the Metropolitan Museum, Bangko Sentral ng Pilipinas Complex, Manila. Continue reading →
Henry Bayaua
National Awardee, Maunlad Category
After several years as a helper in metal crafts enterprises in San Manuel, Isabela, Henry Bayaua formed his own agricultural equipment business named Henrico Metal Craft. Henry’s enterprise manufactures agricultural equipment such as rice threshers, kuliglig, and trailers. He used his initial loan from First Isabela Cooperative Bank (FICO Bank) to purchase new tools and equipment to boost his production. Henry provides livelihood to 15 regular employees and has recently opened a branch in Libertad, Cagayan. Continue reading →
Jennilyn Antonio
National Awardee, Maunlad Category
Born out of an experiment, Jennilyn’s peanut butter manufacturing business now supplies to a popular bakery chain in Metro Manila. A recipe formulated in her own home, Jennilyn’s peanut butter is sold under the EHJE Brand in various size containers targeted towards specific market segments. The business produces eight tons of peanut butter per month. The loans she took from the Rural Bank of Mabitac were used to purchase several equipment and machinery that raised production volume and enhanced the quality of her peanut butter. Continue reading →
