VALUE OF INFORMATION 101 : THE CIBI-PCF CREDIT EDUCATION ROADSHOW 2016-2017
CIBI Information, Inc. | 15 March 2018
CIBI Information, Inc. conducted a series of roadshows entitled Value of Information 101 that advocates the essence of a sustainable credit information exchange among the cooperatives, located primarily on the Visayas and Mindanao regions. Participated by about 150 cooperatives, CIBI pioneered the Value of Information 101 on the following locations:
- Imus Institute of Science & Technology, Imus, Cavite
- Metro OCCCI, Ormoc, Leyte
- VICTO Seminar Haus - Region 8 , Tacloban, Leyte
- Ilo-Ilo Grand Tower Suites, Ilo-ilo City
- La Consolacion College Faculty/Community MPC, Bacolod
- DCCCO Building, Dumaguete
- Tierra Montana Hotel, General Santos City
- Bohol Diocesan MPC, Tagbilaran City
- Paranaque City
Value of Information 101 presented the Republic Act 9510, also known as, the Credit Information System Act of 2008 and conducted a technical compliance training for the Submitting Entities of the Credit Information Corporation.
Through CIBI's partnership with Philippine Cooperative Central Fund Federation, the project iMCOOP was released. It is a special program to support the end-to-end operational process of cooperatives. As a technical partner, CIBI offered the advantages of having a reliable credit infrastructure and system for their transactional procedures. CIBI took pride on this as a first step in molding a sustainable credit information exchange system by transforming the unbanked population into creditworthy individuals.
CIBI endeavors to provide better access to credit information and made it available for every unbanked Filipinos specifically on the rural sectors. Since this advocacy started in 2012, CIBI embarked in opening the roadmap to the autonomous industry of the Cooperatives. The Cooperatives are the unsung heroes for the majority of the Filipinos who do not have the access to credit facilities offered by other financial institutions. The dynamics of financial inclusion is more like an ‘alien theory’ during that period.
Now that the Credit Information System Act of 2008 is in place, sustainable credit information exchange has taken its stride towards the operational progress of the cooperatives.
At present, CIBI offers its support to the compliance requirements of the Submitting Entities to the Credit Information Corporation for free. To know more about our CIC Compliance Asisstance Program, you may visit this link.
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