By PR | 11:29 PM August 31, 2022
The 83rd provincial office of CARD MBA opened in Zamboanga Del Sur with Senior Operations Director Oliver M. Reyes; Deputy Director for Operations Janicekith N. Navera, CARD SME Bank Area Manager Joel Bermudez and CARD Inc. Regional Director Adonis Saromines, CARD MBA coordinators, CARD MRI members and staff.
To further expand its mission of providing microinsurance to its members, the CARD Mutual Benefit Association (CARD MBA) successfully opened its 83rd branch located in Pacigea Sites, Nazareth, Buenavista, Pagadian City, Zamboanga Del Sur on August 8, 2022.
The event was graced by CARD MBA Senior Operations Director Oliver M. Reyes, CARD MBA Deputy Director for Operations Janicekith N. Navera, CARD SME Bank Area Manager Joel
Bermudez and CARD Inc. Regional Director Adonis Saromines, CARD MBA coordinators, CARD Mutually Reinforcing Institutions (CARD MRI) clients and staff.
“CARD MBA strives to provide excellent levels of service through recognizing and meeting the specific insurance needs of client-members,” said CARD MBA CEO Jocelyn D. Dequito. “It is our contribution to CARD MRI’s goal of poverty eradication to provide insurance even to the hardest to reach communities.”
To maintain a high level of satisfaction, CARD MBA ensures that clients’ microinsurance needs are met from membership to retirement. In fact, the institution provides microinsurance products to members of the association and their families. This is comprised of Basic Life Insurance Program, Retirement Fund (RF), Loan Redemption Fund (LRF) Plus, Golden Life Insurance, and Family Security Fund.
CARD MBA also offers community development programs to support socioeconomically challenged families and individuals of the community. This includes mass weddings, immediate relief assistance to calamity-stricken areas, and participation in CARD’s other nation-building Program, Retirement Fund (RF), Loan Redemption Fund (LRF) Plus, Golden Life Insurance, and Family Security Fund.
CARD MBA also offers community development programs to support socioeconomically challenged families and individuals of the community. This includes mass weddings, immediate relief assistance to calamity-stricken areas, and participation in CARD’s other nation-building programs in health, livelihood, and education.
With a total insured individual of 23,037,454 as of June 30, 2022, CARD MBA will continue uplift the lives of the marginalized sectors in the country.
Three sisters and a business
In life, there is shortcut to success. If you want to achieve greater things, you must work hard for it. Three sisters from Davao City are living testaments that climbing the ladder to success might be difficult, but reaching the top is possible with perseverance, faith, and patience.
The Lanaban Sisters—Raquel, Basti and Sarah—all worked abroad to make ends
meet. While different in personalities, the sisters had one goal in mind: to go back in the Philippines for good and start a family business.
The three started a sewing business from scratch, with limited funds and resources.
Being the most creative of the sisters and having the most knowledge in sewing, Raquel designs most of the products they sold. They started with pillowcases, then they started producing bags and wallets as well. Their paper wallets became known for its quality and design that many shopping malls around Davao City started to sell them as souvenirs.
However, the sales of their products decreased during the onset of the Covid-19 pandemic in 2020. But because of their hardworking and persevering spirit, they used social media as a new platform to increase their sales. They also ventured into food business, opening an eatery where they also display their other products.
The challenge of the pandemic also inspired them to become even more creative. Now, they plan to introduce a new product line made from abaca fiber. They envision this to produce more employment for their community.
Apart from being business minded, the three have one more thing in common. They are all clients of CARD Bank, Inc., a microfinance-oriented rural bank and a member- institution of CARD Mutually Reinforcing Institutions (CARD MRI), for more than a decade. The loans they availed from the bank allowed them to fund their business and to renovate their houses.
Aside from financial services, the Lanaban sisters were also assisted by another institution from CARD MRI. Mga Likha ni Inay (MLNI), the marketing arm of CARD MRI, introduced their products to various provinces in the Philippines.
“We are immensely grateful to CARD
MRI, an institution that has been there for our family from the beginning of our journey as entrepreneurs,” Raquel concluded.