The program targets the lower socio-economic groups and micro entrepreneurs, who have limited access to financial services, by working with rural banks to reach such groups in a profitable, but equitable, manner. Trained banks offer microfinance loans (e.g., microenterprise, microagriculture, microhousing), deposit, and micro insurance services specially tailored to microentreprise clients. In addition to the said products and services, the MABS Program and its participating/partner rural banks offer mobile phone banking services which offer significant advantages to the banks and their clients in terms of reduced costs, security, convenience in accessing financial services, and opportunities to expand their business.
|Location||East Asia and Pacific, Philippines|
|Value||USD 540 Million|