Three New Deputy Directors Appointed

With the approved KMBI Organizational Structure 2015 – 2020, the Board of Trustees and Management announced the appointment of three Deputy Executive Directors last September 21, 2015. The following appointees are: Mr. Rhany P. Barrera – Deputy Executive Director for Credit Operations Group; Ms. Madelyn P. Frijillano – Deputy Executive Director for Management Services Group (Finance and Accounting, General Services and Human Capital) ; and Ms. Hazel Christine R. Bayaca – Deputy Executive Director for Client Services Group (Entrepreneurship; Client Benefits; Client Transformation; and Research and Development). With the appointment of the three Deputy Executive Directors, it is expected that work processes will be further streamlined and efficient.

Human Capital Department Director A. Edwin B. Aruelo shares, “We believe that our new organizational structure will strategically build our institutional competitiveness, as it shall facilitate our organizational growth through a well-defined leadership succession program, thereby increasing the effective delivery of our programs and services as a whole.”

10% Salary Increase Across-the-Board Implemented

KMBI implements a 10% across-the-board salary increase to all its regular employees effective July 31, 2015.

Across-the-board increases will be implemented even while the Human Capital Group is still in the middle of putting together a comprehensive job rationalization and salary scale.

The Board hopes that next year, with improved financial performance from all branches, KMBI will be even in a better position to further increase the benefits available to all its officers and staff.

Intervention Workshop Held to Improve Organizational Development

To assess and improve organizational development, the Board of Trustees, Management Committee and selected staff attended a 3-day intervention workshop last July 1-3, 2015 at the La Breza Hotel, Quezon City.

It was facilitated by Ms. Mila Bunker and Lalaine Joyas, respected microfinance educators and practitioners. Both are esteemed members of the Microfinance Council of the Philippines, with deep and extensive microfinance experience.

The seminar served as an introduction and reviewer for Social Performance Management (SPM) as participants evaluated KMBI's various products, programs and methodologies and recommended changes under SPM lens.

"I am happy to have the opportunity to attend this type of workshop. It made me realize how complex it is to make a loan product since there are a lot of considerations before the roll-out." Jeric Encinas, Program Assistant from Daet, shares his learning experience.

"This is the first time we were able to convene everyone from Board to Program Assistant, from north to south to participate and be part of designing and improving KMBI's products and processes. Each voice is important and insights will be highly considered in developing and standardizing policies and loan products." Mr. Rizaldy Duque, executive director said in his closing remarks.

Staff and Clients can expect better programs and procedures in the months to come, as the organization moves forward to 1KMBI.

KMBI, First Life Renew Partnership

KMBI and First Life Financial Co., Inc. strengthened their partnership through a renewal MOA signing last June 16, 2015 at the KMBI Panay Office, Quezon City. Included within the MI framework were general enhancements on the microinsurance product that will be implemented starting July 1, 2015.

Present during the meeting were members of the Board and Management of KMBI, First Life Financial Co., Inc., Pinoy Ako Insurance Services and MI consultants of KMBI. Signatories of the MOA were (PHOTO: FROM LEFT) Mr. Rizaldy R. Duque-Executive Director, KMBI, Eduardo C. Jimenez- President & Vice-Chairman, KMBI; Peter G. Coyuito-First Life President & CEO, First Life Financial Co., Inc. and Jaime M. Santiago - Executive Vice-President & Actuary First Life Financial Co., Inc. signed as witnesses.