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Php50,000 fo r 6 months , he r loa n procee d shal l be : tota l loa n amoun t P 50,000 , less 4 %service fe e Php2,000 , less 1.5 % LR F P 75 0 equaling Net Proceed Php47,250. The interes tamounting t o P 6,00 0 shal l b e adde d t o th e loa n amoun t whic h wil l brin g the tota l loa nobligation t o P 56,000 . This wil l resul t in P 2,240.00 a s weekly amortization plus weekl ysavings of P40 an d P20 MBA contribution ; thus, the tota l weekly amount du e is Php2,400.If the saving s balance requirements of 20% o f loans outstanding is insufficient at the time ofloan disbursement, the SIPAG borrowe r has to be deposit the insufficient amount to complywith th e 20 % required balanc e befor e th e loa n ca n b e disbursed . For every withdrawal, aconsolidated loan amortization schedule shall be prepared to replace the previous one.6.4.4 Caseloa d of SIPAG Account Office rAn accoun t officer mus t have at least 250 borrowers or active clients with loans, wit han averag e loa n outstandin g o f not les s tha n P 5 millio n an d wit h a n estimate d averag esavings balanc e o f no t les s tha n P 1,000,00 0 o r equivalen t t o no t les s tha n 20 % of th etargeted loa n outstanding.6.4.5 Qualificatio n o f SIPAG Account Officer :For th e implementatio n of th e projec t Accoun t Office r (A.O. ) i s accountabl e fo rhandling responsibilities , the account s o f members, an d financia l obligation s in the cente rwhere he/she is assigned. The qualification fo r an accoun t officer i s set as follows: (1 ) mustbe wit h CAR D fo r a t leas t 5 year s wit h consisten t satisfactor y performance ; (2 ) ha sdemonstrated stron g commitmen t an d dedicatio n as show n in her/his regula r performanc eevaluation outputs; (3 ) has high motivational skills a s proven by his/her outputs (les s dropouts,hig h paymen t rates , positiv e feedback s fro m clients) ; (4 ) willingnes s t o handl eindividual clients by herself/himself; (5) willingness to be assigned in other branches or areaswhere he o r sh e can help in training other staff ; (6 ) has experience d problematic or criticalsituation in handling members and clients24
7. Monitorin g and Evaluatio n7.1. Hypothesis• Microfinanc e clients will need flexible loan s to help them grow and expand• Effectiv e financial service s will hel p th e poo r t o dea l wit h vulnerabilit y and graduallylead them out of poverty• Advance d micro-businesse s wil l generat e employmen t an d increas e loca l economi cactivities towards poverty reduction7.2 Indicator s• Numbe r of clients with expanding and growing business• Percentag e of change in clients' asset based• Percentag e of change in branch client retention• Percentag e of change of staff efficienc y• Percentag e of change of branch operational and financial efficienc y7.3 Provisio n o f Sipag Loan to Selected ClientsTable 3 an d 4 lis t member s havin g SIPA G Fle x loa n an d SIPA G Ter m loa n wit h th ecorresponding loan amount eac h member. Fro m th e table, total amount releas e i s Phpl,988,000to the principal balance of Php 1,650,270 of SIPAG flex an d term loan. The total 59 members ar ecomprised of 23 member s wit h SIPA G Fle x loa n and 3 6 member s o f SIPAG Ter m loan. Thehighest loa n amoun t release d i s Ph p 100,00 0 unde r SIPA G Ter m loan . Th e mos t distinc tcharacteristic of each member ar e microbusiness which loa n served as eithe r start-u p capital orbusiness expansio n purposes . Furthermor e th e tw o table s sho w th e significan t rol e o f th emicrofinance marke t t o th e livelihoo d o f members , althoug h loa n amount s var y an d sho wsignificance differenc e if compared. The loan amount released on the other hand, is based on theset o f criteria of CARD Ban k an d qualificatio n of members themselve s itsel f a s wel l a s thei rbusiness quality and capability to the market. For instance , if CARD members in previous loanamounts ca n borrow PhP 10,000 , th e amoun t wil l be double d in the SIPA G loan . In addition,almost o f CAR D member s ha d see n resourcefulnes s an d creativenes s t o develo p an d mor eimproved their own business, whic h is technically known as micro-small entrepreneurs .25
Page 2: iiAcknowledgementI would like to ex
Page 5 and 6: VList of Tables:TABLE1. Classificat
Page 7 and 8: AbstractPoverty is more often a cyc
Page 9 and 10: 2. Problem StatementApproximately 5
Page 11 and 12: encourages processe s tha t lea d t
Page 13 and 14: households economic resources an d
Page 15 and 16: and BSP tend t o confirm MCPI 3find
Page 17 and 18: 4.3.1 Methodology : Focus Group Dis
Page 19 and 20: climbs 100 % or even triples or qua
Page 21 and 22: highly drive n and encourage d b y
Page 23 and 24: 5.1.4 CAR D Bank , A Microfinance-o
Page 25 and 26: Activities:1) Selecte d microfinanc
Page 27 and 28: Glenda Magpanta y the new produc t
Page 29: 6.5 Collectio n ProceduresPayment o
Page 33 and 34: 7. 6 Expected OutcomesTable 5: Prod
Page 35 and 36: BibliographyAlip, J.A.B . (2002) .

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