Formed in March 2005, BMCI is a network of rural banks, cooperatives and non-government organizations in the Bicol region that are engaged in microfinance. Organized primarily to facilitate the exchange of ideas among local MFIs and promote the creation of a local credit bureau, BMCI has, over the years, broadened its mission that is anchored on building the capacities of members to develop small enterprises and promote local economic development.
The network also assists its members to improve organizational performance and ensure that they adhere to established ethical standards and best practices.
Leading the 18-strong network and its Board of Trustees are Mr. Miel Moraleda, President of the Board and also President and CEO of Rural Bank of Camalig; and Ms. Noemi Bonaobra as Executive Director.
Mr. Paulo Honrado, President
SEDCen Building, Block 7
Lots 29-30 Landco Business Park
Legazpi City, Albay