Dr. Jaime Aristotle B. Alip CARD MRI Founder and Chairman Emeritus In the mid-1980’s, at a time when the poor is clamoring for change and transformation, microfinance institutions (MFIs) started offering microcredit for capital with low interest rates, flexible loan terms, and no collateral. This provided the low-income sector with opportunities to establish microenterprises to […]
The financial institutions of CARD Mutually Reinforcing Institutions (CARD MRI) have suspended its microfinance operations from March 17 to April 12, 2020. This is in response to the recent declaration by the Philippine Government of an enhanced community quarantine due to the COVID-19 outbreak. While the obligation for weekly loan payments are lifted until the […]
Bangko Sentral ng Pilipinas (BSP), Citi Foundation, and Microfinance Council of the Philippines, Inc. (MCPI) awarded eight outstanding microentrepreneurs in the country for the 2019 Citi Microentrepreneurship Awards on November 26, 2019. Among the 141 nominees from 31 different institutions across the country who competed for the award, Lucrecia Neri, a microentrepreneur client of CARD […]
CARD Bank now serves Danao City, Cebu. As part of its goal to bring the financial services closer to the unbanked and underbanked communities, CARD Bank opened its 96th branch in Beatriz Village, Danao City, Cebu on November 18, 2019. The newly inaugurated office is the bank’s 1st branch in the province of Cebu. CARD […]
As part of CARD Bank’s goal to realize financial inclusivity for all, the bank launched its konek2CARD digital communities in Barangay Santisimo in San Pablo City. Through these digital communities, clients living in the outskirts will not be left behind in accessing affordable financial products and services. These digital communities are provided with free Wi-Fi […]
For an entrepreneur who has met a lot of financial hurdles, seeing his/her business grow might be the sweetest success. But for Adela Padilla-Rivadeneira, owner of the sole banana chips manufacturer in Marinduque, being able to provide employment for fellow community members is the greatest. It was in 1996 when the Rivadeneira family began their […]
In celebration of its 22nd anniversary this September, CARD Bank, Inc., a microfinance oriented-rural bank of CARD MRI, vows to provide more efficient service as it continues to digitalize its banking services. “As we embark in our digitalization journey, we put first the needs of our growing number of clients for a better and faster […]
Wider outreach. A total of 101,372 microfinance clients of CARD Inc., and CARD Bank from Candelaria, Tiaong, Sariaya and Quezon will benefit from the newly opened Provincial Office (PO) of CARD Mutual Benefit Association (CARD MBA) in Quezon province at 1125 CTC Gate 1, Malabanban Norte, Candelaria on July 9, 2019. CARD MBA was established in […]
Eats’ Coast in Basiao. The Barangay of Basiao in Ivisan is a hidden gem in the province of Capiz. It is where you can enjoy and experience the best beach escape and laid-back stretch of fine sand. Basiao is home to many beach resorts; one of them is the Eats’ Coast, owned by Imelda Valdisimo. […]
CHD serves Antiqueños. A series of Community Health Day (CHD) were conducted by Center for Agriculture and Rural Development (CARD), Inc. (A Microfinance NGO) and CARD Bank in the municipalities of Bugasong, Patnogon, Sibalum, San Jose, and Hamtic in the province of Antique on June 24-28, 2019. A total of 1,832 microfinance clients, their dependents, […]