CANTILAN BANK IS FINALIST TO THE GIORDANO DELL'AMORE MICROFINANCE BEST PRACTICES INTERNATIONAL AWARD
Cantilan Bank, a rural bank offering microfinance services for the financial inclusion of smallholder farmers, is now gunning for an international award after it was officially chosen by the Fondazione Giordano Dell’Amore as one of the three finalists for the Giordano Dell’Amore Microfinance Best Practices International Award along with Advans CI from Cote d’Ivoire, and Palestine for Credit and Development-FATEN from Palestine.
The Giordano Dell’Amore Microfinance Best Practices International Award, promoted and organized by Fondazione Giordano Dell’Amore which is an Italy-based foundation, aims to increase the awareness about the importance of microfinance as a tool to fight poverty and social exclusion; to encourage the exchange of experiences and sharing of thoughts and in-depth analyses within microfinance community; and to highlight and spread microfinance best practices.
Fondazione Giordano Dell’Amore received a total of 35 applications from 28 countries. The three finalists will attend an International Conference on October 15, 2015 in Milan, Italy where the winner will be announced by the Award Committee.
The winning organization will receive a cash prize worth EUR 50,000 or an equivalent of 2.5 million in Philippine Pesos which will help fund its plans to develop its existing projects for the benefit of smallholder farmer clients.
The Giordano Dell’Amore Microfinance Best Practices International Award, promoted and organized by Fondazione Giordano Dell’Amore which is an Italy-based foundation, aims to increase the awareness about the importance of microfinance as a tool to fight poverty and social exclusion; to encourage the exchange of experiences and sharing of thoughts and in-depth analyses within microfinance community; and to highlight and spread microfinance best practices.
Fondazione Giordano Dell’Amore received a total of 35 applications from 28 countries. The three finalists will attend an International Conference on October 15, 2015 in Milan, Italy where the winner will be announced by the Award Committee.
The winning organization will receive a cash prize worth EUR 50,000 or an equivalent of 2.5 million in Philippine Pesos which will help fund its plans to develop its existing projects for the benefit of smallholder farmer clients.
Founded in 1980, Cantilan Bank, Inc. (CBI) is one of the leading community banks in the country with Corporate Headquarters in Cantilan, Surigao del Sur.
Currently, CBI has P2.2 billion pesos in total assets and provides financial services through its collective network of 40 branches and offices, and 24 ATMs that are strategically located across Caraga, Compostela Valley, Davao Provinces, and Southern Leyte.
Cantilan Bank was awarded by Landbank of the Philippines as one of the Top 3 Outstanding Countryside Financial Institutions in the country and as the best CFI intermediary with the lowest pass-on rate. In 2013, CBI was cited by the BIR as the number one corporate taxpayer in Surigao del Sur. Its microsavings product for students was also recognized as the best in the country by the Rafael B. Buenaventura Foundation.
CBI is regulated by the Bangko Sentral ng Pilipinas and Securities and Exchange Commission. It is a proud member of Rural Bankers Association of the Philippines, Philippine Deposit Insurance Corporation, and BancNet powered by Nationlink. For more information on your friendly community bank, visit www.cantilanbank.com.
Currently, CBI has P2.2 billion pesos in total assets and provides financial services through its collective network of 40 branches and offices, and 24 ATMs that are strategically located across Caraga, Compostela Valley, Davao Provinces, and Southern Leyte.
Cantilan Bank was awarded by Landbank of the Philippines as one of the Top 3 Outstanding Countryside Financial Institutions in the country and as the best CFI intermediary with the lowest pass-on rate. In 2013, CBI was cited by the BIR as the number one corporate taxpayer in Surigao del Sur. Its microsavings product for students was also recognized as the best in the country by the Rafael B. Buenaventura Foundation.
CBI is regulated by the Bangko Sentral ng Pilipinas and Securities and Exchange Commission. It is a proud member of Rural Bankers Association of the Philippines, Philippine Deposit Insurance Corporation, and BancNet powered by Nationlink. For more information on your friendly community bank, visit www.cantilanbank.com.