Geographic Profile

CARD MBA’s Main Office is in same location as the head office of CARD MRI in San Pablo City, Laguna, Philippines. San Pablo City is about 80 km south of Manila.

CARD MBA is operating in different provinces of Luzon, Visayas and Mindanao namely: Cagayan Valley, Isabela, Mountain Province, Nueva Vizcaya, Quirino, Benguet, Ifugao, Ilocos Norte, Ilocos Sur, La Union, Pangasinan, Bulacan, Pampanga, Zambales, Bataan,  Tarlac, Batangas, Cavite, Laguna, Quezon, Rizal, Marinduque, Occidental Mindoro, Oriental Mindoro, Palawan, Albay, Camarines Norte, Camarines Sur, Masbate, Sorsogon, Aklan, Antique, Capiz, Iloilo, Negros Oriental, Bohol, Cebu, Leyte, Samar, Eastern Samar, Southern Leyte, Siquijor, Basilan, Lanao Del Sur, Zamboanga del Norte, Zamboanga del Sur, Zamboanga Sibugay, Bukidnon, Lanao del Norte, Misamis Occidental, Misamis Oriental, Agusan del Norte, Agusan del Sur, Surigao del Norte, Surigao del Sur, Maguindanao, Sulu, Tawi-Tawi, Compostela Valley, Bukidnon, Davao del Norte, Davao Del Sur, Davao Oriental, Camiguin, North Cotabato, South Cotabato, General Santos, Sarangani, Dinagat Island and Sultan Kudarat. Out of these provinces, CARD MBA has seventy-four (74) Provincial Offices that handles the operations hand on hand with the members and the staff of CARD MRIs.

*The commanding numbers of CARD MBA, Inc. were cited by the Insurance Commission (IC) with an 80% total market share of lives insured and 82% total market share of premium production which place it at the top of the MBA Sector under the two categories and remained the leader in the MBA sector, as of  2019.

 *source: www.bworldonline.com  |  April 12, 2019



Impact to Members

Surveys showed that the products and services of CARD MBA have been rated as number one in terms of clients satisfaction. Members were saying that they joined CARD and not to other microfinance institutions because of the benefits that can be derived from MBA.

CARD MBA has been able to meet a specific demand of client-members for insurance in case of death to cover burial expenses, to repay the loan in case of death of a member-borrower, and provident fund or retirement savings for old age. There has been a high level of satisfaction for these products (Basic Life Insurance Program, Loan Redemption Plan, Retirement Fund, Golden Life Insurance Program, Family Security Plan, Remitter Protek Plan) provided by the Association. Responsiveness to members’ needs is high. For example, in the case of Life Insurance, death claims are paid even before burial as long as all necessary documents are complete and submitted for validation.

Meanwhile, health insurance and educational assistance are the two demands that are still unmet but actuarial studies are already underway to determine their feasibility.

Mass Wedding is also a welcome service to them because the children of members with live-in partners were legitimized and became their legal dependents. It is CARD MBA’s way in initiating a moral recovery program of the community where it operates.



Affiliations

  1. RIMANSI Organization For Asia and the Pacific
  2. International Cooperative and Mutual Insurance Federation (ICMIF)
  3. Asia and Oceania Association (AOA)
  4. Association of Insurers and Reinsurers of Developing Countries (AIRDC)

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BOAT Partners

LUZON
  • BAGNOS MULTI-PURPOSE COOPERATIVE
  • CAUNAYAN MULTI-PURPOSE COOPERATIVE (MPC)
  • NANGALISAN MULTI-PURPOSE COOPERATIVE
  • SIPSIPIN MULTI-PURPOSE COOPERATIVE (MPC)
  • UMIRAY AGRARIAN REFORM BENEFICIARIES MULTI-PURPOSE COOPERATIVE
VISAYAS
  • TINABANGAY SA IGSOONG MAG-UUMA GASA NI SAN ISIDRO (TIMGAS) MULTI-PURPOSE COOPERATIVE
  • USWAG DEVELOPMENT FOUNDATION
  • SAN JULIAN MULTI-PUPSOSE COOPERATIVE
  • LIBERCON MULTI-PURPOSE COOPERATIVE
  • PADRE BURGOS MULTI-PUSPOSE COOPERATIVE
  • PROGRESSIVE WOMEN AGRARIAN REFORM COOPERATIVE
MINDANAO
  • BUKIDNON INTEGRATED NETWORK OF HOME INDUSTRIES (BINHI), INC.
  • LOS ARCOS MULTI-PURPOSE COOPERATIVE (LAMPCO)
  • TINAGACAN AGRARIAN REFORM BENEFICIARIES COOPERATIVE (TARBC)
  • GRAINS MULTI-PURPOSE COOPERATIVE (GRAINS)


Member Stories

Leovina

Virginia Baldo, former President

TAKING CHARGE

“Never in my wildest dreams have I imagined that I would exchange my rubber shoes, which I fondly call “goma” shoes, for business suits and leather shoes. I was just a simple person back then, until CARD MBA gave me an opportunity I would never get elsewhere.”

 

Leovina

Abundia Manabes

OVERFLOWING BLESSINGS

“My life before CARD was just getting by day by day, struggling to make both ends meet. When I became a member of CARD, my life changed for the better. “

 

Leovina

Charito Rivera, former CARD MBA BOT Secretary

JOY LIKE NO OTHER

“I am forever thankful to CARD for it helped me in so many ways. It built my self-confidence as I once used to be very timid who barely speaks and smiles at everyone.”

 

Leovina

Adoracion Balmonte, former CARD MBA BOT Treasurer

LESSONS LEARNED

“My seven years with CARD brought many blessings and learnings to my life. I remember how my sari-sari store used to house only a few goods until I became part of CARD.”