Microfinance is a category of financial services targeting individuals and small businesses who lack access to conventional banking and related services. Microfinance includes microcredit, the provision of small loans to poor clients; savings and checking accounts; microinsurance; and payment systems, among other services. Microfinance services are designed to reach excluded customers, usually poorer population segments, possibly socially marginalized, or geographically more isolated, and to help them become self-sufficient. ID Ghana is an example of a microfinance institution.
Capiz, officially the Province of Capiz, is a province in the Philippines located in the central section of Western Visayas region. Its capital is the city of Roxas. It is located at the northeastern portion of Panay Island, bordering Aklan to the north, Antique to the west, and Iloilo to the south. Capiz faces the Sibuyan Sea to the north.
Roxas, officially the City of Roxas, is a 3rd class component city and capital of the province of Capiz, Philippines. According to the 2020 census, it has a population of 179,292 people.
Bank of the Philippine Islands is a universal bank in the Philippines. It is the first bank in both the Philippines and Southeast Asia. It is the fourth largest bank in terms of assets, the second largest bank in terms of market capitalization, and one of the most profitable banks in the Philippines.
Maasin, officially the City of Maasin, is a 4th class component city and capital of the province of Southern Leyte, Philippines. According to the 2020 census, it has a population of 87,446 people.
Jaro is a district in Iloilo City, Philippines, located on Panay Island in the Western Visayas region. It is the largest district in terms of both area and population, with 130,700 people according to the 2020 census. Jaro merged with Iloilo City in the 1940s during the American administration in the Philippines. It is also the largest among the seven districts of Iloilo City. La Paz district and the present municipalities of Leganes and Pavia were historically part of Jaro before becoming independent.
China Banking Corporation, commonly known as Chinabank, is a Filipino bank established in 1920. It was the first privately owned local commercial bank in the Philippines initially catering to the banking needs of Chinese Filipino entrepreneurs. The bank offers a wide range of banking services, including deposits, investments, trust, cash management, remittance, and loans. It also offers insurance brokerage, stock brokerage, and bancassurance services through its subsidiaries and affiliate.
The Rizal Commercial Banking Corporation, commonly known as RCBC, is one of the largest universal banks in the Philippines with total consolidated resources of Ph₱ 1.2 trillion. It was established in 1960 as a development bank and is licensed by the Bangko Sentral ng Pilipinas (BSP) for both commercial and investment banking. It is currently headquartered at RCBC Plaza in Makati, Metro Manila.
EastWest Bank, more formally known as East West Banking Corporation, is the eleventh largest bank in the Philippines in terms of assets. It was founded in 1994 in Manila by the late tycoon, Andrew Gotianun and his wife. It is a member of the Filinvest Group, led by the Gotianun family. Its headquarters is at The Beaufort, a condominium building by Filinvest in Bonifacio Global City.
Nicanor Jesús "Nick/Nicky" Pineda Perlas III is a Filipino activist and awardee of the Right Livelihood Award in 2003, which is often referred as an alternative Nobel Prize.
The Association for Social Advancement is a non-governmental organisation based in Bangladesh which provides microcredit financing.
LAPO is a Nigerian organisation with a microfinance bank dedicated to self-employment through microfinance and an NGO, a non-governmental, non-profit community development organization focused on the empowerment of the poor and the vulnerable.
Micro financing in Tanzania started in 1995 with SACCOS and NGOs. It has since then contributed to the increasing success of international micro financing. Microfinance stills remains a relatively new in Tanzania since it has not penetrated yet. Since 1995, microfinance has been linked to poverty alleviation programs and women. The government made efforts to ensure commercial banks have continued to provide financial support to the small entrepreneurial business. However a microfinance National Policy was implemented in 2002 to encourage and support microfinances in the country. Since the implementation, micro financing was officially launched and recognized as a poverty alleviation tool. Due to its increase exposure and use in the nation, commercial banks have developed interests in to offer microfinance. There are various microfinance banks that functions as supporting institutions in the country that usually provide microfinance services. These may include the CRDB, National Microfinance Bank, and AKIBA. However there are also other few banks that are concerned with micro financing in Tanzania such as the PRIDE and SEDA, Tanzania Postal Bank and FINCA. Community and small banks have also expressed interest in the same including the NGOs and other non-profit organizations.
The University of the Philippines Visayas is a public research university in the Philippines with campuses and facilities throughout the Visayas. A constituent university of the University of the Philippines system, it teaches management, accountancy, marketing, economics, chemistry, applied mathematics and physics, marine science education and research, fisheries, and aquaculture. It offers regional studies programs on the preservation and enrichment of the Visayan cultural heritage.
BDO Network Bank, formerly known as One Network Bank (ONB), is a rural bank in the Philippines. Established in 2004 through the consolidation of Network Rural Bank of Davao del Sur, the Rural Bank of Panabo of Davao del Norte, and the Provident Rural Bank of Cotabato, ONB is the largest rural bank in the Philippines in terms of assets, with a network of 96 branches in Mindanao, 1 branch in Makati and province of Iloilo and a fleet of 135 ATMs throughout the provinces in Mindanao, including 17 localities where it is the sole provider of financial services.
Financial inclusion is the availability and equality of opportunities to access financial services. It refers to a process by which individuals and businesses can access appropriate, affordable, and timely financial products and services which include banking, loan, equity, and insurance products.It is a path to enhance inclusiveness in economic growth by enabling the unbanked population to access the means for savings, investment, and insurance towards improving household income and reducing income inequality
Hattha Kaksekar Limited or HKL is a microfinance institution and a deposit-taking institution in Cambodia. In terms of loan portfolio, HKL is ranked fourth and it has the third largest saving portfolio among Cambodia MFIs.
Angkor Mikroheranhvatho (Kampuchea) Co., also known as AMK, is a registered microfinance institution (MFI) headquartered in Phnom Penh, Cambodia with over 280,000 active borrowers. AMK is the largest provider of credit in Cambodia in terms of borrower numbers and has branches in 23 provinces and Phnom Penh city. It has over 10,000 active savers and over 1,000 employees. AMK provides several microfinance services, including microcredit, microsavings, and mobile money transfers.
Bandhan Bank Ltd. is a banking and financial services company, headquartered in Kolkata. Bandhan Bank is present in 35 out of 36 states and union territories of India, with 6,140 banking outlets and 3.07 crore customers. Having received the universal banking licence from the Reserve Bank of India, Bandhan Bank started operations on August 23, 2015, with 501 branches, 50 ATMs and 2,022 Banking Units (BUs). The Bank has mobilised deposits of ₹1,08,479 crore and its total advances stand at ₹1,03,168 crore as of June 30, 2023.
