The Citi Microentrepreneurship Awards (CMA) is a nationwide search for outstanding microentrepreneurs in the Philippines. Now on its 12th year, the awards program has been successful in increasing awareness for microfinance and providing incentives to microentrepreneurs in the country. Funded by Citi Foundation, the CMA program was launched in 2002 as part of the celebrations for Citi’s 100th year in the Philippines. The awards program is a partnership among the Bangko Sentral ng Pilipinas (BSP), Citi Philippines, and the Microfinance Council of the Philippines, Inc. (MCPI).
MCPI is now accepting nominations for the 12th CMA. Deadline for submission of nomination forms is on July 21, 2014.
Download CMA Information Guide
Download Network Monitoring Form
Download MFI Monitoring Form
Citi Microentrepreneurship Awards Eligibility Criteria
- Nominees may be male or female, 18 years old and above.
- Nominees should be clients of MFIs (NGOs, banks, or cooperatives) with outstanding repayment performance.
- Nominees should be a borrower of the MFI for at least 2 years.
- Applicants for the awards are to be nominated by loan officers of MFIs and endorsed by the top management of the MFI.
- Purchase value of the assets of nominated enterprise must be a minimum of P300,000 up to a maximum of P3 million.
- Nominated enterprise must show measurable results in terms of employment generation, sales turnover, growth in enterprise profits, rate of investment of enterprise profits, and amount of savings generated.
- The nominee must demonstrate an ability to strategically plan for the business and must have the capacity to handle growth and expansion (i.e. has attainable and clear growth plans for the business; has plans for moving toward a more professional approach in running the business).
- The enterprise must contribute to the development of the (local) economy that may be characterized by, but not limited to, the following:
- Employment generation for other members of the community
- Creation of impetus to other economic and social activities (i.e. provides complementary
- business opportunities to other entrepreneurs or has joint projects)
- Promotion of the products of the community
- Promotion of the spirit and discipline of entrepreneurship.
- The nominee should be a model citizen of the community with high moral standards and exhibiting socially responsible behavior.
- Download Nomination Form
Special Award for Agri Micro-Business Eligibility Criteria
- Nominees may be male or female, 18 years old and above.
- Nominees should be clients of MFIs (NGOs, banks, or cooperatives) with outstanding repayment
performance. - Nominees should be a borrower of the MFI for at least 2 years.
- Applicants for the awards are to be nominated by loan officers of MFIs and endorsed by the top
management of the MFI. - Purchase value of the assets of nominated enterprise must not exceed P3 million.
- Nominee must be engaged in an agriculture business. These are enterprises that are engaged in
production of food and goods through farming, forestry, livestock, poultry and fishing. - Nominated enterprise must show measurable results in terms of employment generation, sales
turnover, growth in enterprise profits, rate of investment of enterprise profits, and amount of
savings generated. - The nominee should be a model citizen of the community with high moral standards and exhibiting
socially responsible behavior. - Download Nomination Form
Special Award for Community Leadership Eligibility Criteria
- Nominees may be male or female, 18 years old and above.
- Nominees should be clients of MFIs (NGOs, banks, or cooperatives) with outstanding repayment
performance. - Nominees should be a borrower of the MFI for at least 2 years.
- Applicants for the awards are to be nominated by loan officers of MFIs and endorsed by the top
management of the MFI. - Purchase value of the assets of nominated enterprise must not exceed P3 million.
- The nominee should have exhibited exemplary leadership in community volunteer work, in the
process contributing to its improvement. This work may include confronting societal or civic issues,
addressing health or environmental concerns, or promotingeducation in the community. - The nominee should be a model citizen of the community with high moral standards and exhibiting
socially responsible behavior. - Download Nomination Form
Special Award for Innovation Eligibility Criteria
- Nominees may be male or female, 18 years old and above.
- Nominees should be clients of MFIs (NGOs, banks, or cooperatives) with outstanding repayment
performance. - Nominees should be a borrower of the MFI for at least 2 years.
- Applicants for the awards are to be nominated by loan officers of MFIs and endorsed by the top
management of the MFI. - Purchase value of the assets of nominated enterprise must not exceed P3 million.
- The nominee should have successfully adopted innovations in product development, sourcing of raw
materials, production, distribution, marketing, etc. that has resulted to increased production and
improved profitability of the business; or social innovations in helping the community such as
providing employment to the disadvantaged, etc. - Nominated enterprise must show measurable results in terms of employment generation, sales
turnover, growth in enterprise profits, rate of investment of enterprise profits, and amount of
savings generated. - The nominee should be a model citizen of the community with high moral standards and exhibiting
socially responsible behavior. - Download Nomination Form