Written By Anonymous on Tuesday, January 17, 2012 | 2:59:00 PM
About BPI Globe Savings Bank
BPI Globe BanKO Inc. (BanKO) is the first mobile-based, microfinance-focused savings bank in the Philippines. Established in July 2009 by BPI, Globe and Ayala Corporation, it aims to provide the low-income segment with secure and convenient access to affordable financial services by leveraging on its combined assets and infrastructure in banking and telecommunications.
BanKO is pioneering the delivery of financial services through a network of partner outlets equipped with information and communication technologies of BPI and Globe. This ‘branchless’ banking method of service delivery enables BanKO partner outlets to perform cash-in/cash-out transactions and conduct customer identification (KYC) for savings and loan applications. With the support of six (6) regional branches and field coordinators deployed nationwide, this approach to channel development will be critical to bringing financial services to remote locations and ensure permeating reach and accessibility across the country.
PRODUCTS
- PondoKO (Microsavings)
PondoKO is a personal savings
account with no maintaining balance required so accountholders can save as
little or as much as they can. Customers can open a PondoKO account for only
P100 (P50 for ATM and P50 as initial cash deposit).
For more details about their Microsavings, Visit their website
Customers can apply for a BanKO
account and cash-in/cash-out at any BanKO partner outlet nationwide.
For
more Information (Application) about Banko Saving Account click here
- PuhunanKO
(Microloans)
PuhunanKO is a small-scale loan offered by BanKO to its
accountholders.
The maximum loanable amount is double the amount of the
accountholder’s outstanding balance and ADB, from P5,000 up to P150,000,
subject to credit/background investigation and approval.
To qualify for a loan, customer must have a PondoKO savings
account for at least three (3) months.
Loans are payable in affordable, fixed weekly installments (from
1-12 months).
Loans are subject to a 3% monthly interest rate, 3% processing fee
and compulsory life insurance premium (based on the loan amount) charged
upfront and deducted from loan amount disbursed.
- PaniguroKO
(Microinsurance)
PaniguroKO offers insurance protection against damage to property
and accidental death.
· P5,000
assistance in case of fire and lightning (to home or place of business)
· P2,500
assistance in case of flood, typhoon and earthquake (to home or place of
business)
· Accidental death
benefit of P50,000 for beneficiaries of insured party
BanKO accountholders can subscribe to PaniguroKO coverage through
their mobile phones.
LOANS
- Institutional Microfinance
Loans
BanKO offers wholesale loans to
microfinance institutions (MFIs) such as thrift and rural banks, NGOs and
cooperatives for their use in portfolio re-lending at competitive interest
rates.
Loan tenor: 1-3 years
Security: Secured or Unsecured
Eligibility: MFIs with at least
a 3-year track record on implementing microfinance programs; PESO rating of at
least 3
BPI Globe BanKO cooperates with
local and international development oriented organizations, like the Grameen
Foundation USA and Cordaid of Netherlands, in order to provide guarantees and
technical assistance to MFIs.
- Developmental
Capacity-Building Loans
Developmental Capacity-Building
Loans are loans extended to MFIs for the training of their Officers and Staff,
expansion of branch networks & development of Management Information
Systems or MIS, in partnership with the Ateneo Development Studies Program.
Should I recommend this?
YES!, absolutely!
Want to find BPI Globe BanKO branch near you? find it here BPI Globe Banko BRANCHES
Wanna know how to enjoy your Banko using your Mobile Phone?! Find it Here! BPI GLOBE Banko Mobile Features!
If you have questions Like and post on our Facebook Page: The
DailyTrend. So I can Easily answer you back. Thanks!
