Article: Rural banks urged to have functioning MIS units, RB2000 software developed.(Infotech)

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 ...

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