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LifeBank is a rural bank based in Iloilo, Philippines.It started operations on March 21, 1970 in Maasin, Iloilo as Rural Bank of Maasin. It is divided into two corporate arms each with its own designated finance and banking services functions: the LifeBank RB (LifeBank - A Rural Bank) and LifeBank MFI (LifeBank Microfinance Foundation Inc.).
The Center for Agriculture and Rural Development, Inc. (better known as Card Bank, Inc.) is a micro-finance oriented rural bank in the Philippines established in 1997, and is currently regulated by the Bangko Sentral ng Pilipinas. Its main office is located in San Pablo City, Laguna. As of May 2019, Card Bank, Inc. has 750 service offices ...
The Africa Microfinance Network (AFMIN) is an association of microfinance networks in Africa resulting from an initiative led by African microfinance practitioners to create and strengthen country-level microfinance networks for the purpose of establishing shared performance standards, institutional capacity and policy change.
The Bombay 5-6 moneylending system is an informal lending practice prevalent in the Philippines, historically associated with small-scale, short-term loans provided by Indian-Filipino lenders, often colloquially called “Bombay.” This system is named "5-6" due to its interest structure: for every PHP 5 borrowed, borrowers repay PHP 6 ...
These microfinancing institutions then lend out money with high interest compared to bank finance in mature markets, averaging a portfolio yield of over 30%. [20] The organization's main sources of funding are grants, financial backing, and discounted services from many major national corporations and institutions.
Lendwithcare is a microfinance lending website from CARE International UK. [1] Launched in September 2010, it allows individuals and groups to make small loans to entrepreneurs in low-income countries, helping them improve their lives through business.
In 2010s company expanded to Asia, specifically China, India, Indonesia, Philippines and Vietnam. [2] In 2010 the company was the first foreign company to set up as a consumer finance lender in China. [9] In 2015 Home Credit Group launched its operations in the United States of America through a partnership with Sprint Corporation. [2]
To develop microfinance by establishing the People's Development Trust Fund (PDTF) and strengthening the People's Credit and Finance Corporation as the forerunners for microfinance services; and; To strengthen LGUs so they can incorporate the SRA in their local development efforts of the Philippines.