Last Updated on Monday, 24 October 2011 09:56
The Asian Development Bank (ADB) in a recent report cited the Small
Business Corporation's (SB Corp.) Small and Medium Enterprise
Development Support Projects as the only successful and highly efficient
out of its seven completed loan- funded projects in the country. SB
Corp. was also among the four successful and three effective projects.
The rating came from the performance assessment of ADB-funded projects
during the Quarterly portfolio performance review by ADB and also draws
on the findings of the recently concluded 19th ODA Portfolio Review
conducted by the National Economic and Development Authority (NEDA).
The report states that project's successful rating is based on its
positive institutional impacts and instrumental to this success is SB
Corporation's healthy institutional and operational structure coupled
with clear, effective laws which have helped it conduct lending
operations effectively.
The project has helped SB Corp. expand its outreach, improve the
efficiency of its loan operations and strengthen the quality of its
portfolio. Also an integral part of the project is a technical
assistance intended to enhance the Corporation's institutional capacity
by reorganizing its management structure, introducing a credit scoring
model, developing a management information system and improving its
products. Through the technical assistance SB Corporation was able to
develop its own Borrower Risk Rating (BRR) Tool which was later
disseminated to its partner financial institutions (PFIs). The BRR tool
helps PFIs evaluate, monitor and manage SME loans and improve the
overall quality of their loan portfolio.
Earlier this year SB Corp. was also awarded with a Good Practice Award
(GPA) by NEDA for its Borrower Risk –Based Lending Approach.
--
---------------------------------------------
CARLOS ANI - SEEDFINANCE Corporation - http://www.seedfinance.net
Email: carlosani@seedfinance.net
Landline Phones: +63495010127 and +63495762924
Cellphone: +639152919580
DEVJOBS - http://www.devjobsmail.com
PHILDEVFINANCE - http://phildevfinance.posterous.com
CONSULTING - http://www.carlosani.com
My News Clippings - http://www.myclipps.posterous.com
Family website: http://www.anifamily.net
------------------------------------------
