Serving the underserved, Rizal Microbank (RMB) builds a financially inclusive community through microfinance.
RMB President Raymundo Roxas talks about providing credit to microentrepreneurs, specifically in the agricultural sector, and how their successes have impacted the thrift bank over the years in creating a financially literate and inclusive community. Mr. Roxas is one the invited panelists which tackled the different models of Financing against movable assets, in the recently held 7th FIDN Conference hosted by the Department of Finance. He is joined by Mr. Jinchang Lai, Principal Operations Officer of IFC, Mr. Lee Kheng Leong, Regional Director for South and South East Asia of FCI, and Mr. Frank Guan, General Manager of China International Factoring Co., Ltd. The APEC Financial Infrastructure Development Network promotes the development of effective credit information systems and secured transactions that allow the use of movable assets as collaterals. This year’s conference focused on creating market developing movable asset finance system for financial inclusion and regional integration. (in photo: RMB President Raymundo Roxas, Mr. Lee Kheng leong, Mr. Jinchang Lai, Mr. Frank Guan, and Ms. Pia Roman-Tayag of BSP).