27:
276:. LifeBank MFI on the other hand, offers savings and loan products like Ikabuhi Microfinance Program (IMP), house repair loan, salary loan (exclusive for its employees), education loan, and housing sanitation loan for poor people. LifeBank envisions itself to be the number one rural-savings bank and microfinancial institution in the Philippines.
307:. The branch experienced phenomenal growth as its deposits, loan portfolio and resources increased beyond expectations while recognizing and affirming trust within the community. It was also in 1995 that the Ikabuhi Microfinance Program (IMP) was established. The program aims to activate savings and provide credit to enterprising poor women.
314:
methodology for its micro-finance program, which initially produced positive results. Later on, weaknesses in the management information system and program policies were observed prompting management to look for a better alternative. It was in
November 2000 where the bank became a program partner of
279:
LifeBank MFI (LBMF) as a non-governmental organization (NGO) and non-profit microfinance company arm of LifeBank, is the third largest microfinance institution in the
Philippines. Except for products that it offers for its 300,000+ clients across the Philippines, it played a role in providing social
545:
The LifeBank's two corporate arms, the LifeBank RB (LBRB) and LifeBank MFI (LBMF), are both managed by the same board of directors/board of trustees. LifeBank MFI is headed by
Vicente "Vince" P. Perlas, a medical doctor by profession, while the LifeBank RB's president is his wife, Rosario "Charrie"
299:
In 1993, the Board of
Directors held its first planning and visioning session where the bank’s vision and mission was defined. This was when the Sustainable Development Investment Unit (SDIU) was set up. This was a unit to be developed that would institutionalize lending for sustainable development
271:
For the LifeBank RB, it offers (i) deposit products such as regular
Philippine peso and kids passbook savings accounts and foreign currency deposit unit (FCDU) account; loan products like business loan, microfinance program loan (Ikabuhi Microfinance Program), mortgage loan, agri/crop loan, auto
257:(LifeBank Microfinance Foundation Inc.). As of 2021, it has a total of 4 branches and 44 branch-lite units (BLU) under LifeBank - a Rural Bank in Western Visayas and 536 branches all over the Philippines under LifeBank MFI (Microfinance Foundation Inc.), an NGO microfinance arm of LifeBank.
577:
families. Through Perlas Group (LifeBank Group), the 2 companies has other sister, affiliate or related companies owned by any member of the said family which include: Seaboard
Insurance, Bluefields Hypermart and Bluefields Hardware, Lolo Jose Kitchen and Liv Healthy Kitchen.
681:
498:(LifeBank MFI or LBMF) but was later rolled out in 2019 to all its units. In the said same year, due to its rolling of company decentralization plan, LifeBank MFI has been re-organized into zones and districts with
346:, the Board created the LifeBank Foundation, Inc. (LBF) in January 2003 to carry the expansion of the program outside the province. At the time, the Bank did not have the required capital to operate outside
705:
693:
358:
and other parts of the country (Luzon, Visayas and
Mindanao). In 2008, LBRB, having reached the required capitalization to operate in other parts of the country, started purchasing
778:
859:
546:
Perlas, also a medical doctor. Perlas family have long been the one who manages the LifeBank since it was founded on March 21, 1970 as Rural Bank of Maasin (Iloilo), Inc.
645:
408:(since May 2013). In addition, Thirty One (31) Branch Lite Units (BLUs) were established. These are operating in the Provinces of Iloilo (Municipalities of
280:
responsible and sustainable programs with significant high societal impact vital in nation building for the benefit of people in the marginalized sector.
741:
261:
854:
260:
Though LifeBank MFI and LifeBank RB are both participating members of
National Microfinance Council, only the LifeBank RB is the sole member of
320:
316:
786:
249:
as Rural Bank of Maasin. It is divided into two corporate arms each with its own designated finance and banking services functions: the
849:
530:
526:
336:
324:
844:
729:
339:(ASA) methodology with incredible results as proven by its almost 100% repayment rate, early sustainability and rapid expansion.
806:
597:
serves as the Vice-Chairman of LifeBank
Microfinance Foundation's (LBMF) Board of Trustees. He is also a laureate of the
586:
488:
265:
593:(Ateneo de Cagayan), he ran as an independent Presidential candidate during the 2010 Philippine National Elections.
288:
LifeBank, formerly Rural Bank of Maasin (Iloilo), Inc. was established on March 21, 1970 by the Perlas Family
766:
The Right
Livelihood Award (An alternative Nobel Prize) laureate 2003: Nicanor Jesus “NICK” Pineda Perlas III
717:
566:
598:
570:
554:
296:. The objective of the bank was to extend financial services in areas where access to credit was limited.
562:
409:
389:
304:
96:
80:
706:
Security and Exchange Commission (Philippines) - Microfinance NGO Regulatory Council 2018 Annual Report
330:
822:
633:
765:
157:
150:
525:, covering 300,000+ clients as the 3rd largest microfinancial institution in the country after
646:
LOAMCP Philippines secures financial support from LifeBank for organic agriculture development
590:
477:
473:
621:
574:
550:
441:
657:
558:
481:
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429:
421:
413:
347:
37:
742:
Unitus Announces Partnership with Filipino Microfinance Institution, Lifebank Foundation
594:
582:
461:
393:
293:
246:
200:
143:
73:
670:
Rural Bankers Association of the Philippines Members - LifeBank (Rural Bank of Maasin)
838:
457:
273:
491:
465:
425:
417:
359:
351:
311:
52:
41:
669:
602:
397:
242:
173:
Deposits, Loans, Microfinance Program, Remittances & Insurance (LifeBank RB)
102:
828:
433:
401:
272:
loan, salary loan, and Teacher's Salary loan; and money transfer service via
534:
300:
projects, the objective of which is the development of the human potential.
26:
522:
437:
367:
753:
518:
469:
371:
176:
Savings, Microfinance Programs and Loans & Insurance (LifeBank MFI)
60:
56:
392:, (3) branches and forty-four (44) BLUs. The branches are located in
363:
343:
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585:(Nick Perlas). A renowned activist and one of the notable alumni of
292:
and other prominent members of the community of the Municipality of
514:
453:
445:
405:
379:
375:
355:
101:
LifeBank MFI Central Office - Gov. F. Caram St., Brgy. Ma. Clara,
694:
Philippine Deposit Insurance Corporation (PDIC) Bank Members List
581:
Notable member of corporation's Board of Directors/Trustees is
622:
Bangko Sentral ng Pilipinas Bank Details - LifeBank Rural Bank
303:
In June 1995, a branch was established in the Municipality of
807:
ABS-CBN News: PROFILE: Nicanor Jesus “NICK” Pineda Perlas III
494:
arm was officially renamed from LifeBank Foundation, Inc. to
215:
350:. While LBRB continued to grow in assets and capital, LBF’s
730:
Partnership for Transparency Asia - LifeBank Foundation Inc
533:, the largest microfinancial institution in the world) and
513:
on the other hand as of December 2021, has 536 branches in
682:
National Microfinance Council - Client Mapping Initiative
634:
BSP Microfinance Seminar on May 19, 2003 in Iloilo City
831:(LifeBank Microfinance Foundation Inc. Official Page)
222:
209:
199:
182:
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134:
110:
89:
66:
48:
33:
335:. Since then, the bank has been implementing the
264:(PDIC) as bank licensed and supervised under the
779:"2 Pinoys win 'alternative Nobel Peace prize'"
549:The Perlas family which manages LifeBank, are
396:(since March 1970; formerly the Head Office),
315:the Microfinance Support Program (MSP) of the
601:in 2003, an award referred as an alternative
245:. It started operations on March 21, 1970 in
8:
825:(LifeBank Rural Bank Official Facebook Page)
118:4 branches and 44 branch lite units (BLU) -
19:
860:Privately held companies of the Philippines
79:January 2003 - LifeBank MFI (Liz Complex,
25:
18:
718:Edukasyon Blog - LifeBank Foundation Inc.
262:Philippine Deposit Insurance Corporation
614:
362:portfolio from LBF in the provinces of
95:LifeBank RB Head Office - Bypass Road,
496:LifeBank Microfinance Foundation, Inc.
323:where the bank was introduced to the
7:
317:United Nations Development Programme
337:Association for Social Advancement
325:Association for Social Advancement
14:
658:LifeBank Corporate and Governance
529:Philippines (Philippine arm of
388:expanded with a head office in
855:Companies based in Iloilo City
310:In 1998, the bank adopted the
253:(LifeBank - A Rural Bank) and
72:March 21, 1970 - LifeBank RB (
1:
205:Perlas Group (LifeBank Group)
785:. 2003-10-13. Archived from
587:Ateneo de Manila University
266:Bangko Sentral ng Pilipinas
160:(President of LifeBank MFI)
153:(President of LifeBank RB)
876:
684:. Retrieved June 15, 2020.
850:Banks established in 1970
672:. Retrieved May 27, 2020.
660:. Retrieved May 27, 2020.
624:. Retrieved May 27, 2020.
237:is a rural bank based in
24:
845:Banks of the Philippines
756:. Retrieved May 27, 2020
720:. Retrieved May 27, 2020
541:Corporate administration
458:Municipalities of Kalibo
450:Municipality of Mambusao
354:operation grew to cover
823:LifeBank (A Rural Bank)
809:Retrieved June 10, 2020
754:The History of LifeBank
744:Retrieved May 27, 2020.
708:. Retrieved 06-15-2020.
696:. Retrieved 06-17-2020.
648:. Retrieved 06-07-2020.
342:After covering most of
329:(pronounced as ASHA, a
226:(LifeBank Microfinance)
16:Bank in the Philippines
636:.Retrieved 06-07-2020.
599:Right Livelihood Award
442:Municipality of Jordan
223:www.lifebankmfi.com.ph
732:Retrieved 05-27-2020.
400:(since May 2011) and
390:Santa Barbara, Iloilo
305:Santa Barbara, Iloilo
219:(LifeBank Rural Bank)
216:www.lifebankrb.com.ph
97:Santa Barbara, Iloilo
81:Santa Barbara, Iloilo
768:Retrieved 06-10-2020
487:In 2018, LifeBank's
190:2,501 (LifeBank MFI)
472:(Municipalities of
184:Number of employees
149:Rosario B. Perlas,
112:Number of locations
21:
333:word meaning HOPE)
193:~500 (LifeBank RB)
591:Xavier University
232:
231:
128:(as of June 2021)
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561:family like the
290:(Familia Perlas)
156:Vicente Perlas,
29:
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563:Ayala and Zobel
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466:Caticlan, Malay
430:Pototan, Iloilo
348:Iloilo province
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225:
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124:536 branches -
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40:rural bank and
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12:
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5:
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817:External links
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783:SunStar Manila
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595:Nicanor Perlas
583:Nicanor Perlas
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394:Maasin, Iloilo
294:Maasin, Iloilo
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247:Maasin, Iloilo
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74:Maasin, Iloilo
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42:microfinancial
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789:on 2004-08-16
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829:LifeBank MFI
802:
791:. Retrieved
787:the original
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629:
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511:LifeBank MFI
510:
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492:microfinance
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360:microfinance
352:microfinance
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255:LifeBank MFI
254:
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234:
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126:LifeBank MFI
125:
119:
90:Headquarters
53:Microfinance
34:Company type
603:Nobel Prize
589:(ADMU) and
502:in lieu of
398:Iloilo City
386:LifeBank RB
331:Bangladeshi
251:LifeBank RB
243:Philippines
120:LifeBank RB
103:Iloilo City
44:institution
839:Categories
793:2009-09-05
609:References
434:Passi City
402:Roxas City
146:(Chairman)
136:Key people
535:Card Bank
559:Filipino
555:European
523:Mindanao
500:branches
478:Bugasong
474:San Jose
438:Guimaras
368:Guimaras
235:LifeBank
168:Products
49:Industry
20:LifeBank
567:Aboitiz
551:Spanish
519:Visayas
470:Antique
462:Altavas
422:Balasan
414:Miag-ao
372:Antique
312:Grameen
284:History
210:Website
67:Founded
61:Finance
57:Banking
38:Private
573:, and
482:Culasi
468:) and
364:Iloilo
344:Iloilo
327:(ASA)
268:(BSP)
239:Iloilo
201:Parent
59:&
575:Razon
571:Lopéz
515:Luzon
504:units
454:Aklan
446:Capiz
406:Capiz
380:Capiz
376:Aklan
356:Panay
521:and
509:The
480:and
464:and
432:and
426:Oton
418:Sara
378:and
321:UNDP
158:M.D.
151:M.D.
531:ASA
527:ASA
489:NGO
484:).
452:),
444:),
436:),
841::
781:.
605:.
569:,
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537:.
517:,
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55:,
796:.
557:-
553:/
456:(
448:(
440:(
319:(
83:)
76:)
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
