BPI Direct BanKo Inc., A Savings Bank (BanKo), the microfinance arm of the Bank of the Philippine Islands (BPI), won the prestigious 2024 Change Maker Award for Most Innovative Bank for Micro, Small, and Medium Enterprises (MSMEs) at this year’s Universal Achievement Awards (UAA).
Elizabeth Arocena , owner of Laza Meat Stall in Camiling, Tarlac, expresses her deep gratitude to BanKo for the assistance provided by the NegosyoKo Loan in growing her business.
UAA is an annual recognition program of Project HOPE , a non-government organization providing free livelihood and financial literacy programs to its 80,000 MSME members nationwide, aimed at honoring individuals, corporations, and organizations that made a positive impact in the communities where they operate in.
The bank ranked first among the 13 MSME loan providers shortlisted for the award. It garnered a positive rating of 89 percent on a survey conducted by UAA and Project HOPE from March 2023 to February 2024. It was also cited as being the friendliest microfinance bank for having the fewest requirements, fastest turnaround time, friendliest collectors, most reasonable interest rates, and best savings programs.
“It’s truly an honor to be recognized as a Change Maker. Since the founding of BanKo, we have always worked hard to champion micro-entrepreneurs and and ensure inclusive and sustainable growth for them through our innovative, accessible, and affordable products, ” said Mabiasen. “As a trusted financial partner of Filipino MSMEs, we promise to continue to beIn 2023, Banko released P14.96 billion of business loans to over 200,000 borrowing clients.
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