Established in 2007 by family, and friends of the late BSP Gov. Rafael Buenaventura and the BANKERS ASSOCIATION OF THE PHILIPPINES (BAP) which provided a substantial seed fund to the Foundation.
Legacy of Gov. Paeng in promoting sustainable microfinance through capacity building
Most notable contribution to the microfinance industry is the MICROFINANCE DATA SHARING SYSTEM (MIDAS), the self-sustaining credit bureau for MFIs.
Vision
A catalyst in a sustainable microfinance ecosystem that empowers underserved communities.
Mission
To strengthen microfinance institutions (MFIs) and clients through knowledge sharing, skills building, and strategic partnerships.
Goal
At the end of 5 years, at least 50 partner MFIs adopt financial inclusion innovations benefiting 5 million clients. (5-50-5)
Executive Summary
Rafael B. Buenaventura, BSP governor from 1999 to 2005, pursued microfinance early on in his term and pushed for its extensive adoption, mainstreaming it in the formal banking system, recognizing this could be a powerful anti-poverty tool.
The Foundation is committed to advancing broader and more encompassing advocacy, INCLUSIVE FINANCE, by way of 1) promoting inclusive digital finance,2) strengthening capabilities of microfinance institutions on agriculture value and MSME financing and 3) building knowledge and skills on climate adaptation and resilience among microfinance clients and microfinance institutions.
The National Strategy on Financial
INCLUSION (2022-2028) recognizes the important role community-based organizations play in financial inclusion. Microfinance NGOs, mutual benefit associations (MBAS
and credit cooperatives pioneered the transformative vision of making financial services accessible to poor people and sectors without access to banks. As vital components of the financial ecosystem. The Foundation will direct its support to these organizations.
The session will walk through highlights of the BSP Circular on Cyber Resilience for financial institutions.
| DATE | Modality |
|---|---|
| 3rd Week of March 2024 | ZOOM |
| August 2024 | ZOOM |
| DATE | VENUE | Modality |
|---|---|---|
| March 4-5, 2024 | UPISSI | face-to-face |
| August 2024 | MANILA | face-to-face |
Objective: Raise awareness among MFIs on their subscription to QR codes as e-wallets and allow the sari sari store clients and other vendor- clients to adopt the technology, in support of the Bangko Sentral ng Pilipinas’ “objective of making all payment QR’s interoperable” (No One Left Behind, BSP).
| DATE | Modality | VENUE |
|---|---|---|
| May 2-3, 2024 | CMDI Bay, Laguna | face-to-face |
| August 2024 | Manila | face-to-face |
Objective: Raise awareness among MFIs on their subscription to QR codes as e-wallets and allow the sari sari store clients and other vendor- clients to adopt the technology, in support of the Bangko Sentral ng Pilipinas’ “objective of making all payment QR’s interoperable” (No One Left Behind, BSP).
| DATE | Modality | VENUE |
|---|---|---|
| July 1-2, 2024 | CMDI Bay, Laguna | face-to-face |
| November 4-5, 2024 | Manila | face-to-face |