Established in February 20, 1968, the Rural Bank of Isulan (SK), inc. is the pioneering bank in the town of Isulan, province of Sultan Kudarat. The Bank was organized by Mr. & Mrs. Jose V. Lagon Sr., of Tacurong City, and other incorporators namely: Procerfina Talmadge, Tomas Pagtulon-an, Andres Kapuan, Adoracion Gregorio, Juan Dabi and Angelina Moises all from Isulan, Sultan Kudarat and Bessie Tronco of Cotabato City.
Rural Bank of Isulan (SK), Inc. with principal office at National Highway, Isulan Sultan Kudarat has three (3) Banking Units (Mlang, Cotabato, Esperanza and Pres. Quirino, Sultan Kudarat) and three (3) Micro Finance Staff House units (Banga, South Cotabato; Lenak, Sultan Kudarat and Kiamba, Sarangani Province) with total assets of P102.7M and net worth of P25.4M as of December 31, 2005. About 41.9% of the bank’s P81.8M loan portfolio consists of Agricultural Loans extended to eligible farmers-beneficiaries and the remaining 58.1% consists of other loans (Commercial, Industrial, Salary, Micro-Finance) extended to qualified micro, small and medium entrepreneurs-beneficiaries.
| GENERAL INFORMATION | |
| Name of MFI | Rural Bank of Isulan (Sultan Kudarat), Inc. |
| Year Established | 1968 |
| Mission | The bank’s mission is to involve itself in the development of the communities thru, integrity, professionalism, compassion and cooperation regardless of the cultural background of the inhabitants where it operates. |
| Products & Services |
Deposit Services
Lending Services
|
| CONTACT INFORMATION | |
| Address | National Highway, Isulan, Sultan Kudarat, Philippines |
| Phone | (064) 201-4417 / Quirino 200-5201 |
| Fax | (064) 201-3444 |
| rb_isulan@hotmail.com |
|
| CONTACT PERSONS | DESIGNATION | DIRECT PHONE | DIRECT EMAIL |
| Ms. Lai Lani L. Abella |
President/Gen. Manager | (064) 201-3444 | rb_isulan@hotmail.com |
| Mr. Fermin V. Arroza | Regular Operations Head | ||
| Mr. Cherwin M. De-Otay | Microfinance Operations Head |
| OUTREACH AND IMPACT |
|
| Outreach Indicators |
As of June 30, 2008 |
| No. of Personnel for Microfinance | 71 |
| Outreach | |
| No. of Active Borrowers | 7072 |
| Average Loan Balance per Borrower | |
| Loan Portfolio | |
| Outstanding Loans (Microfinance) | Php 21,367,846.93 |
| financial data |
|
| Balance Sheet |
As of June 30, 2008 |
| Gross Loan Portfolio |
Php 85,409,311.27 |
| Total Assets |
106,019,618.88 |
| Savings | 30,726,642.89 |
| Total Equity | 25,735,841.25 |
| Financing Structure |
|
| Capital Asset/Ratio |
0.24 |
| Debt/Equity Ratio | 3.12 |
| Gross Loan Portfolio/Total Assets | 0.81 |
| Overall Financial Performance |
|
| Return on Assets (%) |
0.80 |
| Return on Equity (%) | 3.3% |