LifeBank (Philippines)

[8] Except for products that it offers for its 300,000+ clients across the Philippines, it played a role in providing social responsible and sustainable programs with significant high societal impact vital in nation building for the benefit of people in the marginalized sector.The branch experienced phenomenal growth as its deposits, loan portfolio and resources increased beyond expectations while recognizing and affirming trust within the community.Since then, the bank has been implementing the Association for Social Advancement (ASA) methodology with incredible results as proven by its almost 100% repayment rate, early sustainability and rapid expansion.While LBRB continued to grow in assets and capital, LBF’s microfinance operation grew to cover Panay and other parts of the country (Luzon, Visayas and Mindanao).In 2008, LBRB, having reached the required capitalization to operate in other parts of the country, started purchasing microfinance portfolio from LBF in the provinces of Iloilo, Guimaras, Antique, Aklan and Capiz.In the said same year, due to its rolling of company decentralization plan, LifeBank MFI has been re-organized into zones and districts with branches in lieu of units.
PrivatemicrofinancialMicrofinanceBankingFinanceMaasin, IloiloSanta Barbara, IloiloIloilo CityNicanor PerlasParentIloiloPhilippinesPhilippine Deposit Insurance CorporationBangko Sentral ng PilipinasWestern UnionGrameenUnited Nations Development ProgrammeAssociation for Social AdvancementBangladeshiIloilo provinceGuimarasAntiqueRoxas CityBarotac NuevoMiag-aoBalasanPototan, IloiloPassi CityMunicipality of JordanMunicipality of MambusaoMunicipalities of KaliboAltavasCaticlan, MalaySan JoseBugasongCulasiVisayasMindanaoCard BankSpanishEuropeanFilipinoAyala and ZobelAboitizLopézAteneo de Manila UniversityXavier UniversityRight Livelihood AwardNobel Prize