The Bukidnon Cooperative Bank formerly Cooperative Rural Bank of Bukidnon started its operation on September 11, 1977 aiming to engage business of extending credit to all types of cooperatives and members, the hope that the members had been counting on to free them poverty.
The Birth of CRBBI has been spearheaded by 15 authorized representative from the incorporating Kilusang bayan Farmers, Barrio Cooperative and/or Samahang Nayons.
After more than twenty years of operation, the Bukidnon Cooperative Bank slowly niche its way in the Banking Operation in Bukidnon by gaining back the trust and confidence of the people and had been making name on its own and has been recognized by acclaimed award giving bodies by naming the Bukidnon Cooperative Bank as the Most Outstanding cooperative Bank in the Country.
Today, the Bukidnon Cooperative Bank had been serving the people of Bukidnon through its 4 branches strategically located to cater most of its farmer clients and had been providing employment to many. From the original 11 man staff, the bank presently employed 60 management staff to serve the clients in the most effective and efficient way.
| GENERAL INFORMATION | |
| Name of MFI | BUKIDNON COOPERATIVE BANK (formerly Coop. Rural Bank of Bukidnon) |
| Year Established | 1977 |
| Mission | |
| Products & Services |
Microfinance Loan Product
Savings Product Offered
|
| CONTACT INFORMATION | |
| Address | San Victoresi St., Malaybalay City, 8700 Bukidnon, Philippines |
| Phone | (088) 813-2700 / 221-4514 |
| Fax | (088) 221-4514 |
| bcbmain@yahoo.com | |
| CONTACT PERSONS | DESIGNATION | DIRECT PHONE | DIRECT EMAIL |
| Ms. Wilhelmia P. Ferrer | General Manager | (088) 813-2700 | bcbmain@yahoo.com |
| Mr. Marietto G. Ga | Chairman | ||
| Mr. Reynold G. Kilem | Microfinance Manager |
| OUTREACH AND IMPACT |
|
| Outreach Indicators |
As of December 31, 2007 |
| No. of Personnel for Microfinance | 26 |
| Outreach | |
| No. of Active Borrowers | 2,754 |
| Average Loan Balance per Borrower | Php 60,557.13 |
| Loan Portfolio | |
| Outstanding Loans (Microfinance) | Php 15,358,126.60 |
| Collection Rate (Year to Date) | 97% |
| PAR rate (1 day) | 14% |
| financial data |
|
| Balance Sheet |
As of December 31, 2007 |
| Gross Loan Portfolio |
Php 166,774,328.00 |
| Total Assets |
257,019,324.00 |
| Total Equity | 39,201,297.00 |
| Financing Structure |
|
| Capital Asset/Ratio |
0.19 |
| Debt/Equity Ratio | 4.20 |
| Gross Loan Portfolio/Total Assets | 0.65 |
| Overall Financial Performance |
|
| Return on Assets (%) |
3% |
| Return on Equity (%) | 16% |