The Global Crisis and Microfinance: A Rural Bank’s Perspective. Brig. Gen. Charles Y. Hotchkiss (Ret.) Chair – Executive Committee. 2009 RBAP-MABS National Roundtable Conference May 12-13, 2009 Hyatt Hotel and Casino Manila. What is the global financial crisis?.
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Brig. Gen. Charles Y. Hotchkiss (Ret.)
Chair – Executive Committee
2009 RBAP-MABS National Roundtable Conference
May 12-13, 2009
Hyatt Hotel and Casino
Indeed, how does it affect Cantilan Bank?
“It’s in times of crisis that we see what microfinance is really made of. During past emergencies, microfinance has held fast. And even as the current global banking mess has gone from bad to worse, recent headlines have global and industry leaders asserting that microfinance can and should be able to withstand it.”
Delinquencies may rise if risks are not properly managed
Reduced deposit balance due to heavier withdrawals and fewer new accounts
Tighter monitoring and control of delinquencies
Promote and encourage greater savings mobilization to help clients weather the crisis
SELECTED INDICATORS: TRENDS
After cleaning up our loan portfolio in December, the number of loan accounts bank wide managed to rise in the first quarter of 2009.
MICROFINANCE PORTFOLIO of loan accounts bank wide managed to rise in the first quarter of 2009.