CARD MRI Receives Prestigious Digital Financial Inclusion Award for Outstanding Microfinance Achievements

Metro Manila, October 24, 2023 | via Bhal Cabrera

CARD Mutually Reinforcing Institutions (CARD MRI) emerged victorious at the 2nd Digital Financial Inclusion Awards (DFIA), securing its position among the top microfinance institutions (MFIs) driving financial inclusion through digital transformation.

Recognition for Digital Prowess

CARD MRI, led by Founder and Chair Emeritus Dr. Jaime Aristotle Alip, was honored alongside four other outstanding MFIs during the awards ceremony held at the BSP Assembly Hall in Metro Manila. The accolade highlights CARD MRI's dedication to expanding its services and improving products through innovative digitalization efforts.

Inspiration for Continued Excellence

Dr. Jaime Aristotle Alip expressed gratitude, stating, "This acknowledgment is one of those that continue to inspire and motivate us to be more effective in this field. As long as there are those who believe in us, we remain committed to expanding the reach of our services and enhancing our product offerings through continued digitalization."

DFIA's Mission for Financial Inclusion

The DFIA awards, organized by the Microfinance Council of the Philippines (MCPI) and supported by the Citi Foundation, Citi Philippines, and the Bangko Sentral ng Pilipinas, aim to recognize financial institutions actively embracing digital transformation to enhance and expand their operations.

Celebrating Digital Champions

Alongside CARD MRI, other winners include Kabalikat para sa Maunlad na Buhay, Inc. (KMBI), Kabuhayan sa Ganap Kasarinlan Credit and Savings Cooperative (K-Coop), RAFI Micro-Finance, Inc., and Rural Bank of Guinobatan, Inc. Each winner was awarded P100,000.00 to further enhance their digital capabilities and technological utilization.

Microentrepreneurs Shine

The event not only celebrated the achievements of MFIs but also shone a spotlight on microentrepreneurs, underscoring the vital role played by these institutions in adopting technology and delivering digital financial services to communities. This collective effort significantly contributes to the economic development of the Philippines.