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ceo UPDATES, as of 1-31-2012

EXECUTIVE COMMITTEE MEETING FEBRUARY 24, 2012. ceo UPDATES, as of 1-31-2012. Assets. PhP781.3M AS OF 1-31-12, WITH A PHP0.613M INCREASE FROM YEAR-END 2011 PHP52M SHORT OF TARGET OF PhP833M. Loans portfolio. PHP534M A/O 1-31-12, DOWN BY PHP4M FROM PREVIOUS MONTH (12-31-11)

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ceo UPDATES, as of 1-31-2012

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  1. EXECUTIVE COMMITTEE MEETING FEBRUARY 24, 2012 ceoUPDATES, as of 1-31-2012

  2. Assets • PhP781.3M AS OF 1-31-12, WITH A PHP0.613M INCREASE FROM YEAR-END 2011 • PHP52M SHORT OF TARGET OF PhP833M

  3. Loans portfolio • PHP534M A/O 1-31-12, DOWN BY PHP4M FROM PREVIOUS MONTH (12-31-11) • PHP37M SHORT OF TARGET • PORTFOLIO AT RISK – 12%

  4. Liabilities / funding • INCREASE OF PHP1M FROM DECEMBER 2011 LEVEL • TOTAL APPROVED LINES : PHP680M • OUTSTANDING BALANCE: PHP679M • AVAILABLE BALANCE: PHP1M

  5. Other funding updates • INCOFIN US$1M – TO BE LEVERAGED WITH LBP • LBP – LEVERAGING AT 1:1.25 • LBP – TO RELEASE PHP80M (ON TOP OF EXISTING PHP100M, WHEN INCOFIN DOLLARS COME IN) • SYMBIOTICS INCREASE IN OUR LINE BY US$2M • CO-FINANCING AGREEMENT WITH BPI-GLOBE-BANKO, PHP200M, BY MID-MARCH

  6. Equity • AT PHP101.8M A/O 1-31-12 • INCREASE OF PHP1M FROM YEAR-END 2011 • COMMON SHARES • CARE – 23.6M - 47% • SEAD - 8.9M - 18% • PFIs - 17.2M - 34% • PREFERRED “A” • CARE - 10.06M • PREFERRED “B” • CARE - 9.83 M • PFIs - 15.92M

  7. Income • NET INCOME BEFORE TAX & DIVIDENDS OF PHP181KA/O 1-31-12 • PHP930K SHORT OF PROJECTED PHP1.1M

  8. Ratios • ROE – 0.18% • ROA – .02% • PAR - 4% (FOR FUNDERS) • D:E RATIO – 6.68%, ADJUSTED • D:E RATIO – 8.94%, UNADJUSTED • CAR – 18.86%

  9. SMART IAP & SMARTowns • 72 MIMOS OPERATING A/O 1-31-12 • Recent launches – LAPUYAN MPC, PAGLAUM MPC, TUPECO • 7,990 TRANSACTIONS IN ALL MIMOS, FOR THE SECOND HALF OF 2011 • PHP16.9M TOTAL MONEY-IN TRANSACTIONS, PHP16.7M MONEY-OUT, FOR THE SECOND HALF OF 2011 • KEY ACCOUNT PARTNERSHIP ESTABLISHED WITH DL3 ; PFI ACCREDITATION FOR E-LOADING ONGOING • 0.5% EARNINGS FOR SEEDFINANCE FROM LOADING • SMART MONEY FOR LOAN RELEASES ONGOING AT FCCT

  10. Mobile-BEAT • MCPI ASSESSMENT OF FPIF, POSSIBLE PHASE 2 OF FPIF MIDDLE OF THE YEAR • USAID SIMM PROJECT, SET TO START BY APRIL OR MAY 2012, PER JOHN OWENS • SMART MONEY ACCREDITATION PROGRAM BY MABS FOR RBs, STARTING • MARCH 9 – LUZON • MARCH 14 – VISAYAS • SEEDFINANCE AS ACCREDITED MABS SERVICE PROVIDER FOR THESE TRAINING SESSIONS

  11. ENCASH ATM Banking • 16 PFIs PARTICIPATING • 34 ATMs ONSITE • COORDINATION BETWEEN ENCASH AND SEEDFINANCE SYSTEMS ON CASH LEVELS TO ENSURE NO OFFLINE

  12. SF-MAX • ONGOING • MANUALIZATION OF POLICIES & PROCEDURES WITH PFIs • PMEF VALIDATION/ASSESSMENT • CONDUCT OF FGDs FOR PINOY ME PROJECTS IN MINDORO, PANAY, MINDANAO • SMART MONEY ACCREDITATION PROGRAM WITH MABS, FOR RURAL BANKS • UPCOMING • USAID – SIMM PROJECT • PMEF-DAR ON ARISP

  13. Social Performance Management • STRATEGIC REALIGNMENT WORKSHOP FOR SEEDFINANCE – FEBRUARY 27-29, 2012 • STRATEGIC REALIGNMENT WORKSHOP FOR 3 PILOT PFIs DONE • PPI & CPP ORIENTATION FOR BOTH SEEDFINANCE & PFIs – POSSIBLY STARTING BY APRIL, 2012 • OUTREACH MAPPING LAUNCH, BY MID-MARCH 2012

  14. Funding & networking • LENDWITHCARE • MICRA PHIL FOUNDATION PARTNERSHIP • BRIDGE INVESTMENTS – POSSIBLE INVESTMENT FOR RURAL BANK PARTNERS

  15. Human Resources • MONTHLY INCENTIVE PROGRAM – RECOMMENDATION TO HR COMMITTEE FOR EXTENSION • 4% ACROSS THE BOARD SALARY INCREASE TO ACCOUNT FOR INFLATION EFFECTED • TRAINING NEEDS ANALYSIS ONGOING – TARGET COMPLETION DATE – 3-31-2012 • COMPENSATION & BENEFITS SURVEY ONGOING – TARGET COMPLETION DATE – 3-15-12

  16. THANK YOU

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