Written By Roi Plata on Tuesday, January 17, 2012 | 2:59 PM
I was watching Eat Bulaga yesterday when I got curious on the passbook their a given away in Sugod-Bahay Winners. Before they are not mentioning that it is from BPI and Globe, maybe they still some issues back then and I don't care about that. In Eat Bulaga it is also Known as Bossing's Savings given away with an Initial deposit to it from them. When I discovered this new Banko I really got interested with it.With Just P100 you can already open an account with ATM, it has no maintaining balance and you can deposit as low as P50. They have three products PuhunanKO (MicroLoans), PondoKO (MicroSavings), PaniguroK(MicroInsurance).

Here are more details about the new BPI Globe Banko from their official website Banko.

About BPI Globe Savings Bank


BPI Globe BanKO Inc. (BanKO) is the first mobile-based, microfinance-focused savings bank in the Philippines. Established in July 2009 by BPI, Globe and Ayala Corporation, it aims to provide the low-income segment with secure and convenient access to affordable financial services by leveraging on its combined assets and infrastructure in banking and telecommunications.

BanKO is pioneering the delivery of financial services through a network of partner outlets equipped with information and communication technologies of BPI and Globe. This ‘branchless’ banking method of service delivery enables BanKO partner outlets to perform cash-in/cash-out transactions and conduct customer identification (KYC) for savings and loan applications. With the support of six (6) regional branches and field coordinators deployed nationwide, this approach to channel development will be critical to bringing financial services to remote locations and ensure permeating reach and accessibility across the country.

PRODUCTS
  • PondoKO (Microsavings)
PondoKO is a personal savings account with no maintaining balance required so accountholders can save as little or as much as they can. Customers can open a PondoKO account for only P100 (P50 for ATM and P50 as initial cash deposit).
For more details about their Microsavings, Visit their website 
Customers can apply for a BanKO account and cash-in/cash-out at any BanKO partner outlet nationwide.

  • PuhunanKO (Microloans)
PuhunanKO is a small-scale loan offered by BanKO to its accountholders.
The maximum loanable amount is double the amount of the accountholder’s outstanding balance and ADB, from P5,000 up to P150,000, subject to credit/background investigation and approval.
To qualify for a loan, customer must have a PondoKO savings account for at least three (3) months.
Loans are payable in affordable, fixed weekly installments (from 1-12 months).
Loans are subject to a 3% monthly interest rate, 3% processing fee and compulsory life insurance premium (based on the loan amount) charged upfront and deducted from loan amount disbursed.
  • PaniguroKO (Microinsurance)
PaniguroKO offers insurance protection against damage to property and accidental death.
·        P5,000 assistance in case of fire and lightning (to home or place of business)
·        P2,500 assistance in case of flood, typhoon and earthquake (to home or place of business)
·        Accidental death benefit of P50,000 for beneficiaries of insured party
BanKO accountholders can subscribe to PaniguroKO coverage through their mobile phones.


LOANS
  • Institutional Microfinance Loans
BanKO offers wholesale loans to microfinance institutions (MFIs) such as thrift and rural banks, NGOs and cooperatives for their use in portfolio re-lending at competitive interest rates.
Loan tenor: 1-3 years
Security: Secured or Unsecured
Eligibility: MFIs with at least a 3-year track record on implementing microfinance programs; PESO rating of at least 3 

BPI Globe BanKO cooperates with local and international development oriented organizations, like the Grameen Foundation USA and Cordaid of Netherlands, in order to provide guarantees and technical assistance to MFIs.
  • Developmental Capacity-Building Loans
Developmental Capacity-Building Loans are loans extended to MFIs for the training of their Officers and Staff, expansion of branch networks & development of Management Information Systems or MIS, in partnership with the Ateneo Development Studies Program.


Should I recommend this?
YES!, absolutely!

Want to find BPI Globe BanKO branch near you? find it here
 BPI Globe Banko BRANCHES

Wanna know how to enjoy your Banko using your Mobile Phone?! Find it Here!
 BPI GLOBE Banko Mobile Features!

If you have questions Like and post on our Facebook Page: The DailyTrend. So I can Easily answer you back. Thanks!
 
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