Adding to the number of MCPI members from Mindanao is Katipunan Bank (ZN), Inc. The bank is named after the municipality in Zamboanga del Norte where it was first established in 1979. But it was not until the year 2003 that Katipunan Bank engaged in microfinance.
The bank offers two kinds of microfinance loans-the Proyekto-Ma-asenso Loan and the Asenso Loan. The former uses a credit methodology from the Association for Social Advancement (ASA) and is designed to help empower women by providing them the needed capital for their income-generating project. The latter is an individual loan product for microentrepreneurs who need additional capital to expand their enterprise.
Katipunan Bank holds corporate office in Dipolog City and has ten branches situated in Zamboanga del Norte, Zamboanga del Sur, Zamboanga Sibugay and Misamis Occidental in Mindanao; and Cebu and Bohol in the Visayas.
Ms. Jonilyn L. Napigkit, Executive Vice President
Quezon Avenue corner Aguilar St.
Miputak, Dipolog City
Zamboanga del Norte 7100