RBAP launches SMART Money Accreditation Training Course

Participants and representatives from RBAP-MABS, RBRDFI and SMART with their E-Wallet cards

The highly-anticipated SMART Money Accreditation Training Course for rural banks was finally launched in historic Intramuros by the Rural Bankers Research and Development Training Foundation, in partnership with SMART Communications Inc. and RBAP’s Microenterprise Access to Banking Services-USAID program.

For one whole day last March 9, representatives  from various Luzon based RB’s immersed themselves in learning the first ever MIMO (Money in Money Out) Services geared for RBs.  Trainors from Seed Finance meanwhile had their hands full as they not only explained the Smart money application process, they also had to answer queries from participants who were enthusiastically absorbing the features and benefits of this new transaction handling.  One of the highlights of the event was the Smart Money Activation Hands on Exercises, which all participants took part in. Divided into three groups, each had a chance to learn the process of activating their new Smart Money cash card, transferring money and reloading by just using a mobile phone, powered of course by SMART. Aside from these, the trainors showed videos, explaining the process of consolidating, settling and reconciling record entries.

The Smart Money Wallet is an electronic wallet that lets users, even when they are in far-flung areas, do all kinds of monetary transactions by just using a mobile phone.  What makes this SMART Money Wallet particularly interesting is, it can be used as a debit MasterCard and ATM card too. Withdrawing, paying, transferring money and purchasing are now easier for RB clients anywhere in the Philippines or, in the world with SMART Money Wallet.

So what are you waiting for…join the next accreditation seminar in Cebu!

RBRDFI ties up with Pangasinan and CARAGA Feds. for Microinsurance Training Course

The Rural Bankers Research and Development Foundation, Inc.  will be conducting the 2-Day Basic Microinsurance Training Course with the following federations:

Samahang Bangko Rural ng Pangasinan

February 20 – 21, 2012

City Deluxe Restaurant, Dagupan

Open to Non – Federation Members


CARAGA Rural Bankers Federation

March 1 – 2, 2012

Dottie’s Place Hotel and Restaurant, Butuan City

Exclusive to Federation Members


Basic Microinsurance Training includes the following topics:

• Financial risks and Risk-Coping Mechanisms

• Fundamentals of Insurance and Microinsurance

• Microinsurance Regulations: Ensuring regulatory compliance by rural banks

• Effective Marketing of Microinsurance


To date, RBRDFI has already trained 16 batches with 168 Rural Banks and 354 Rural Bank Staff. 4 Rural Banks are now authorized by the Bangko Sentral ng Pilipinas to act as Microinsurance Agents  with more than 60 rural banks in the different stages of the licensing process.

Federations who are interested to host the Basic Microinsurance Training need only to form a group of minimum 10 rural banks with each RB represented by at least two staff. The host federation will determine the registration fee to cover venue, meals and other administrative requirements. RBDRFI will cover for the trainers’ fee and may refer the federations to possible sponsorship.

For more details, you may contact Ms. Ghay Lyne Mapano, Microinsurance Project Coordinator at landline 02 – 527 2968 or mobile 0918–6353235 or email gpmapano@yahoo.com or Ms. Reo Nore Pardilla, Microinsurance Training Officer at landline 02–5272972 or mobile 0916–3107488 or email to reonore082011@gmail.com.

See you there!




Revised reportorial requirements on Microfinance operations

This is to notify all rural banks, engaged in microfinance operations, of the amendments on the reportorial requirements under Circular No. 607 dated April 30. 2008. The thrust to amend or revise was due to the introduction of new microfinance products and, likewise, the growing exposure of banks, particularly universal and commercial, in wholesale MF loans.

For those interested in securing a copy of this latest BSP circular, kindly download the file from RBAP’s slideshare account.

Thank you.

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RBAP-RBRDFI in Brazil for the 2011 Microinsurance Conference

November is showing promising results for RBAP. First, more than 400 Rural Bankers attended its anniversary symposium at the historic Manila Hotel; second, representatives of the association, for the first time, successfully joined an international gathering promoting microinsurance (MI) in developing and emerging markets. Supported by the International Labour Organization (ILO), Ms. Ruth Aseron of RBAPMABS-USAID and Ms. Ghay Mapano of RBAP-RBRDFI were invited to participate at the recently concluded 7th International Conference on Microinsurance in Rio de Janeiro, Brazil from November 8 to 10. With experts from around the world, the two shared their know-how and, conveyed the contribution and achievements of Philippine-based microinsurance promoters.

One of the many poignant points echoed by both Ms. Aseron and Mapano during the head-ups meeting among RBAP-RBRDFI-MABS-USAID directors and staff upon their return from Brazil were the breakthroughs initiated in the country that are now being recognized worldwide. Many may not be aware, but the Philippines has been trailblazing in this niche industry especially when it comes to offering advance and innovative microinsurance products. As narrated by Ms. Mapano, the success can be attributed to three factors: efficient communication, effective capacity building and active promotion with partners.

Aside from the plethora of microinsurance products and services, a regulatory framework protecting the industry is now firmly in place; other countries have yet to adopt or replicate this.

So far, the rural banking industry in the Philippines continues to make headway in providing microisurance services. At the moment 52 RBs, trained by RBAP-RBRDFI Microinsurance Initiative, are offering MI products; a few more are engaged in exploratory talks. The advantages of rural banks are plentiful; for one thing, RBs have the ability to capitalize on existing operational structure; two, compliance to both insurance and bank regulations increases the banks’ credibility; and third, clients of RBs have better access to relevant financial products.

Of course, while microinsurance is on the upswing, still challenges remain; insufficient adoption of technology is one, tapping popular usage of mobile technology is second. Fortunately, RBAPMAPBS-USAID is trying to address this issue with its mobile access programme (http://www.rbapmabs.org/home/)

For more details on what transpired during the Microinsurance Conference, you may view RBAP’s Slideshare’s link below: