CARD MRIs efforts in

financial inclusion
CARD Bank: Micro Banking SaaS
May 24,2016 | Grand Ballroom Hotel Pullman Central Jakarta, Indonesia

Jaime Aristotle B. Alip, Ph.D.

CARD MRI Founder and Managing Director, Philippines

Microfinance: Global scenario

There are more than 10,000 MFIs globally

Credit Unions
Cooperatives
Non-government Organizations (Ngos)
Government Agencies
Private Companies
Commercial Banks

Source: responsAbility AG. (2013). Microfinance Market

Outlook 2014

Microfinance: Global scenario

The microfinance industry is estimated at
$60-100 billion worldwide.
Has experienced rapid growth, with leading
microfinance institutions growing by 20 % per
annum in the past 5 years.
Yet the sector still reaches less than 20 % of
its potential market among the worlds three
billion low-income people
Source: IFC and Microfinance Factsheet, October 2013

Access to finance in some countries in Asia

Global

E.Asia and
Pacific

Vietnam

Cambodia

Lao PDR

Indonesia

Phils.

50%
47%
41%

55%
52%
39%

21%
19%
11%

4%
4%
2%

27%
26%
20%

20%
19%
10%

27%
34%
10%

Saved at a financial
institution in the past year

22%

28%

8%

1%

19%

15%

15%

Loan from a financial

institution in the past year

9%

9%

16%

19%

18%

9%

11%

Loan from family and

friends

27%

31%

39%

16%

42%

39%

With debit cards

35%

15%

3%

6%

11%

13%

With credit cards

7%

1%

0%

3%

0%

3%

Accounts with a formal financial

institution:

Overall
Female
Income, bottom 40%

Source:Demirguc-Kunt and Klapper, 2012

through wordbank.org/financialinclusiondata

Financial Inclusion across countries

Source: EIU (Economist Intelligence Unit). 2014. Global Microscope 2014: The enabling environment for financial inclusion.
Sponsored by MIF/IDB, CAF, ACCION and Citi. EIU, New York, NY.

Limited access to financial services Philippines

15%
of total population
live in unbanked
cities and
municipalities

% of unbanked cities and

municipalities
NCR, 0%

CALABARZON,
6%

Central
Luzon , 8%

CAR, 65%

ARMM, 93%

For every

10,000
adults

Eastern
Visayas,
71%

1 Bank, 2 ATMs
Source: Bangko Sentral ng Pilipinas

 Mobile banking
150Million+
Php 535Billion+

87.4%

Mobile phone
penetration in the
Philippines

Number and amount of emoney transactions in

2011 (Mobile Southeast Asia Report 2012)

Increasing demand and opportunities for

micro insurance
Drive to achieve Millenium
Development Goals

CARD MRI as a financial inclusion champion

CARD was established in December 1986
Twenty peso bill
Old typewriter

Mission

poverty eradication in the

Philippines and Asia

CARD MRI towards

one mission

As of March 2016

Number of Clients Served: 3,323,573

Number of Insured Individuals: 13,486,240
Clients (incl. Savers): 3,277,168
Loan Clients: 1,789,570
Loan Outstanding: P12.3 B
Savings: P 9.4 B
Repayment Rate: 99.50%
Operational Sufficiency: 120.94%
Financial Sufficiency: 113.20%

Staffing: 10,179
Offices: 2,195
Clients with CwE: 1,192,884
Scholarships granted: 6,096
Zero dropout beneficiaries: 234,666
With access to health: 1,990,848

CARD MRI Geographical presence

Partnership
Program with
TYM in
Vietnam since
2005
First
International
NGO Office in
Cambodia
since 2006
(SAMIC)
Partnership
Program in
Indonesia since
February 2008
(Dana
Parasahabat/D
MP)

Partnership
Program in
Myanmar
started 2012 and
a microfinance
operation in
2014

Partnership
Program in
Hong Kong
since 2007
Partnership
Program in
Laos starting
2009
More than
2,195 Offices
all over the
Philippines
since 1986

CARD MRI as a Financial Inclusion Champion

Making financial services accessible
especially in rural areas
2,195 Banks, MBOs, office units
Significant ownership: 110,263 number of
member stockholders in CARD Bank (The vision
over the next 10 years is 70% ownership by client.)

87%

49%

of CARD Bank main

branches with ATM
machines

of CARD Bank
members has ATM
cards

CARD MRI as a Financial Inclusion Champion

Making other services accessible to the poor

Microinsurance
Total number of insured
individuals: 13,486,240
BOAT partners: 22
MBA Coordinators: 1,195

Health

Education

Clients w/ access to health

programs- 2,099,722
Partner PPP: 550
Health Clinics: 17
Pharmacies: 13

Clients w/ CwE- 1,192,884

Several financial literacy &
other services modules
Scholarships granted 7,419
Graduate Scholars 2,439

CARD MRI as a Financial Inclusion Champion

CARD MRI 5-year Strategic Direction

5-8-40 plan
(2016-2020)
5 years; 8 million members; 40 million
lives
From 2016 up to 2020, CARD MRI targets to reach eight (8) million members and touch
40 million lives, through its microinsurance services

Our Business Environment: Opportunities and

Challenges
1. A Friendly Policy Environment for Financial Inclusion
2. A Large Percentage of the Population Remains
Unbanked, Uninsured and Unserved
3. Availability of technology Innovations in Delivering
of Financial and Non-financial services
4. The ASEAN Integration and the Deregulation of the
Financial Sector
5. Trend Towards Industry Consolidation

SaaS Services for CARD MRI

(in partnership with FDS Indonesia)

A partnership for poverty eradication: Leveraging

technology to reach and serve the unbanked and under
privileged of society.

Increased Capacity and Expanded Reach

Clients and Members can experience banking anywhere, more
convenient and easier thru more channels like Mobile Banking,
Internet Banking, ATMs and Smart Branch System

Effective Information Management

Ease in report monitoring and
projections thru Business Data Analytics
Forecasting and management of real
time cash requirements
Easy access to reports for prompt and
effective decision making
Effective
tracking
and
real-time
monitoring of general ledger balances,
pending work items, etc.
Real-time
financial
transaction
monitoring and control to mitigate fraud
and cyber attacks

Secured & Highly Available IT Operations

Centralised update of applications and
systems software
Dedicated IT support: help desk, 1st
level, 2nd level and vendor support
management system
Business Continuity Plan: Production &
DR Sites
Secured data:
Encryption, Firewall,
Restricted physical access
Best Practice adoption for IT Operation
Management: ITIL and COBIT5

Leveraging Information to provide more

Products & Services
Faster access to customer details
with the help of Unique Customer
Identification
Using Business Analytics on
Customer and Transaction history
Objective:
Track how the
Institutions are helping uplift the
member/client from poverty

20 M. L. Quezon St., City Subdivision, San Pablo City, Laguna

TEL: (049) 562 4309
FAX: (049) 562 0009
EMAIL: info@cardbankph.com
WEBSITE: www.cardmri.com