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PinoyME Forum October 30, 2009. CARD MRI Experience in Responding to the Needs of Victims of Natural Calamities Thru CARD Disaster Relief Assistance Program (CDRAP). By: Dr. Jaime Aristotle B. Alip Founder and Managing Director, CARD MRI. 2007. 1986. 1997. 1999. CARD MUTUALLY
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PinoyME ForumOctober 30, 2009 CARD MRI Experience in Responding to the Needs of Victims of Natural Calamities Thru CARD Disaster Relief Assistance Program (CDRAP) By: Dr. Jaime Aristotle B. Alip Founder and Managing Director, CARD MRI
2007 1986 1997 1999 CARD MUTUALLY REINFORCING INSTITUTIONS (CARD MRI) as ONE 2005 2007 2006 “Mga Institusyon sa iisang Misyon”
Geographical presence of CARD MRI Partnership Program in Hongkong since 2007 Partnership Program with TYM in Vietnam since 2005 Establish-ment of an NGO office in Laos starting 2009 First International NGO Office in Cambodia since 2006 Partnership Program in Indonesia since February 2008 More than 859 Offices all over the Philippines since1986
The CARD MRI: SEPTEMBER 2009 Number of Clients: 1,052,940 (38.35% contribution in the MFI outreach in the country or 21.71% contribution to Poverty Reduction) Number of Insured Individuals: 4,545,570 (19% contribution in the overall insured Filipinos) Clients (incl. Savers): 931,277 Total Assets: Php6.9B Loan Clients: 909,113 Total Liabilities: Php5.6B Loan Outstanding: Php3.2B Total Equity: Php1.3B Savings: Php2.2B Operational Sufficiency: 116.78% Repayment Rate: 99.35% Financial Sufficiency: 106.20% Staffing: 5,065 Offices: 859
to extend financial assistance to its members in the form of death benefits, medical subsidy, pension/ retirement savings and loan redemption. • - Benefits i.e. 50k/100k • - Payment Scheme – 1:3:5 • and to actively involve its members in the direct management of the Association including formulation and implementation of policies and procedures geared towards sustainability and improved services. CARD MBA is a mutual benefit association formed in 1999:
Established in June 15, 2007 • The main objectives of the Agency are: • To conceptualize microinsurance products (mostly non-life) as needed by the members of CARD MRI and its affiliates. • To serve the identified insurance needs of CARD MRI and its affiliates thru partnership with various insurance companies.
CaMIA Packaged Assistance In case of DisasterPlan (CaMIA PAID Plan) “If misfortune befell upon you, consider your claim PAID” 3-in-1 insurance package for Php 250.00 yearly premium Funeral Benefit of Php 20,000 Personal Accident up to Php 100,000 Re-house up to Php 10,000
CARD DISASTER RELIEF ASSISTANCE PROGRAM (CDRAP) CDRAP is being implemented by CARD MBA with the assistance of CaMIA and CARD MRI. The program started in December 2006, when there were large numbers of members affected by the mudflow due to the volcanic eruption of Mayon Volcano in Albay. Since then, this program was implemented providing relief goods to the affected members of natural calamities like typhoons, fire, earthquakes, floods, landslides, volcanic eruption and even man-made calamities like ablaze.
CARD MRI LOAN REHABILITATION ASSISTANCE • Moratorium of loan payment • (1 week – 1 month) • Calamity Loan for members • (Php5,000-Php10,000)
CARD MBA RELIEF AND MICROINSURANCE ASSISTANCE 1999 TO 2009 GRAND TOTAL AMOUNT – 389.589
IMPACT TO CARD MRI • Helps increase membership • expansion • 2. Defaulting members update their • payment with CARD MRI • 3. CARD MRI was known for its • corporate social responsibility • 4. Safety net of clients
Maraming Salamat! CARD MRI Philippines