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News and Events

How CARD MRI Helps 6 Million Poor Families Through Microfinance

The financial institution received the Elevating Homegrown Innovation award at this year's OCEAN Summit

Dr. Jaime Aristotle Alip, founder and chairman of CARD MRI, speaks at the OCEAN Summit, where his organization was awarded this year’s Elevating Homegrown Innovation AwardThis year’s Open Collaboration for East Asian Networks or OCEAN Summit, held last November 9 and 10 ...

by Lorenzo Kyle Subido  | November 29, 2018 12:00:00
News and Events

Makati's Micro Entrepreneurs Starved of Working Capital Despite Proximity to Financial District

Cumbersome application processes drive some small business owners to borrow from "5-6" lenders

Despite living just a stone's throw away from the Makati financial district, where the country's biggest universal banks and financial institutions are headquartered, micro entrepreneurs in the city's poor barangays remain starved of badly needed funds for working capital.Owners of very small ...

by Elyssa Christine Lopez  | January 16, 2017 03:00:00
Startup Tips

Seamstress builds a P4-million RTW business from a P5,000 borrowed capital in just 3 years

With a lot of financial discipline, seamstress Corazon Bautista was able to grow her business from a P5,000 concern in 2008 to gross sales of P4 million in 2011.

What can you do with P5,000? For Corazon ‘Nanay Cora’ Bautista, 45, that amount helped her start a flourishing ready-to-wear garments business, which is now making nearly P4 million in annual sales and is poised to crash the export market.Where did she ...

by Jimbo Owen Gulle and Jimbo Owen Gulle  | April 16, 2015 07:00:00