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Article: Rural banks urged to have functioning MIS units, RB2000 software developed.(Infotech)
- Article from:
- Manila Bulletin
- Article date:
- April 4, 2004
CopyrightCOPYRIGHT 2004 Manila Bulletin Publishing Corp. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: edison d. ong
While more and more rural banks would like to provide microfinance services to countryside enterprising poor, many of them face a stumbling block.
This is poor repayment by the borrowers. Enough to be a discouraging factor to lend.
Experienced rural bankers like Leocadio Ignacio, chairman of Mallig Plains Rural Bank in Isabela have expressed that it has become very dangerous to give a loan of R100,000, and they recommended an amount of R20,000 to be on the safe side.
A solution being closely examined is stricter loan administration and management. If possible with the aid of information technology.
It is ...