CANTILAN BANK SEMI-FINALIST OF EUROPEAN MICROFINANCE AWARDS 2016
Oct 2016 | Cantilan Bank made it to the list of top ten semi-finalists in the 7th edition of European Microfinance Award, focused on “Microfinance and Access to Education”, as chosen by the Ministry of Foreign and European Affairs for its initiatives that help promote education of children and young adults.
The bank, through its Student Savers’ Club deposit product, has carried out various initiatives for children. One of which is the Career Guidance Symposium which is offered for free in different schools where the bank operates. This program helps the students decide on what course should they pursue in college. There are also other trainings provided by the bank for children which enhance their skills and talents such as Summer Learning Camp, Summer Workshops, and Little Chef.
The bank also conducts financial literacy programs in partnership with schools in different communities in order to educate children on the value of saving. These initiatives have made the bank worthy to be a semi-finalist for the Award and will be continued as the bank goes on with its operations as a way to help them become financial literate.
The 7th European Microfinance Award “Microfinance and Access to Education” is intended to recognize the role of microfinance in enabling access to education for children and/or skill-training for youth and adults to enhance their employment and self-employment opportunities.
Recently, the bank was also recognized by the Landbank of the Philippines as the country’s No. 1 Most Outstanding Countryside Financial Institution and Best CFI Availer for Agri-Agra Loans for its valuable contributions in the countryside development. In 2015, the bank won the International Award for Microfinance Best Practices from Fondazione Giordano Dell’Amore as recognition for its contribution to improving the financial inclusion of smallholder farmers.
The bank, through its Student Savers’ Club deposit product, has carried out various initiatives for children. One of which is the Career Guidance Symposium which is offered for free in different schools where the bank operates. This program helps the students decide on what course should they pursue in college. There are also other trainings provided by the bank for children which enhance their skills and talents such as Summer Learning Camp, Summer Workshops, and Little Chef.
The bank also conducts financial literacy programs in partnership with schools in different communities in order to educate children on the value of saving. These initiatives have made the bank worthy to be a semi-finalist for the Award and will be continued as the bank goes on with its operations as a way to help them become financial literate.
The 7th European Microfinance Award “Microfinance and Access to Education” is intended to recognize the role of microfinance in enabling access to education for children and/or skill-training for youth and adults to enhance their employment and self-employment opportunities.
Recently, the bank was also recognized by the Landbank of the Philippines as the country’s No. 1 Most Outstanding Countryside Financial Institution and Best CFI Availer for Agri-Agra Loans for its valuable contributions in the countryside development. In 2015, the bank won the International Award for Microfinance Best Practices from Fondazione Giordano Dell’Amore as recognition for its contribution to improving the financial inclusion of smallholder farmers.