Yemen considers Philippine microfinance

A delegation from the Central Bank of Yemen has visited the Philippines to study the country’s microfinance industry. The six-man delegation visited the Bangko Sentral ng Pilipinas (BSP),

The study mission provided the delegates with the opportunity to learn about the country’s microfinance sector, how it enabled the regulatory environment in the Philippines and how to encourage the growth of private microfinance, microfinance supervision methodologies and practices in Yemen.

The delegation also visited a rural bank in the field. The Yemeni delegation was particularly interested in lending methodologies, IT systems, internal controls, reporting, and technological innovations such as mobile phone banking.

Likewise, Rural Bankers Association of the Philippines-Microenterprise Access to Banking Services (RBAP-MABS) provided the bankers with an overview of the MABS program and its initiatives and discussed how the private microfinance industry has achieved success in the Philippines over the last decade.

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