LATEST PUBLICATIONS
DRN Vol. 39 No.3
'Reexamine SHS Programs Employment and Entrepreneurial Objectives'
WP-2012-07
Regulatory Impact Assessment Adoption Determinants: A Diagnostic Framework
WP-2012-06
Exploring Responses to the Employment Impact of Excise Tax Reform: The Case of the Philippine Tobacco Industry
WP-2012-05
Mapping Out Employment Opportunities in the Cultural Heritage Sector A Strategic Framework

LATEST AV MATERIALS
PIDS WB 2021-0905
Annual Public Policy Conference Webinar 4: Robust and Healthy Workforce and Closing Program
PIDS WB 2021-0904
Annual Public Policy Conference Webinar 3: Green And Inclusive Recovery
PIDS WB 2021-0903
Annual Public Policy Conference Webinar 2: Ethical Business
PIDS WB 2021-0902
Opening Program and Annual Public Policy Conference Webinar 1: Resetting Capitalism
Publication Detail
IFAD 2003-01: Mainstreaming Grameen Banking: How Rural Banks Combine Sustainability with Outreach to the Poor in the Philippines

This paper discusses the ways in which rural banks and a NGO-turned rural bank in the Philippines have made Grameen banking a highly profitable product. The paper discusses: * Poverty in the Philippines and the lack of access to financial services for the very poor; * The lack of success of initial attempts in the Philippines to replicate the Grameen Bank approach; * Peopleââ?¬â?¢s Credit and Finance Corporation (PCFC) and its method of replicating the Grameen model, ââ?¬Å?with great cautionââ?¬Â?; * The establishment of the Center for Agricultural and Rural Development (CARD) as an NGO in 1986; * Its successful replication of Grameen technology, with some modifications; * Its establishment of a rural bank and the following growth and expansion of outreach. The paper finds that: * The success of CARD initiated a process of conversion of credit NGOs into rural banks; * This process constitutes the mainstreaming of Grameen Banking in the Philippines; * The Grameen model is highly effective in terms of outreach and profitability; * The ââ?¬Å?Producers Bankââ?¬Â? is an example of how success can be achieved by following the Grameen method. The paper lists lessons learned from the case studies. It concludes by discussing the following three sound practices that constitute the core social capital of the original Grameen approach: * High moral commitment of leaders; * Peer selection and peer enforcement; * Credit discipline.

PinoyME Foundation
Authors Keywords
Seibel, Hans Dieter; Felloni, Fabrizio; microfinance; rural banks; Grameen Bank Approach;
Download PDF Number of Downloads
Published in 2003 and available in the IFAD or Downloaded 392 times since November 25, 2011
×
Please let us know your reason for downloading this publication. May we also ask you to provide additional information that will help us serve you better? Rest assured that your answers will not be shared with any outside parties. It will take you only two minutes to complete the survey. Thank you.


To use as reference:
If others, (Please specify):
Name: (optional)
Email: (required, but will not display)
Age:
Gender:
If Prefer to self-describe, please specify:
Level of Education:
Occupation:
If employed either part-time or full-time, name of office:
If others, (Please specify):
Would you like to receive the SERP-P UPDATES e-newsletter? Yes No
Use the space below if you have any comment about this publication or SERP-P knowledge resources in general.