RANG-AY JOINS DTI IN CELEBRATING 2021 NATIONAL MSME WEEK
Rang-ay Bank supports the micro, Small, and Medium Enterprise Development (mSMED) Council, with the Department of Trade and Industry (DTI), in the celebration of the National mSME Week 2021 from August 2 to 6 with the theme, “Makabagong mSMEs, Bagong Pag-asa Laban sa Pandemya.”
In the Province of La Union, various activities were held to institute continuing awareness of the primacy of mSMEs in nation-building. The Rang-ay team participated in the Financing Forum conducted by DTI-La Union held at CSI Atrium, City of San Fernando, La Union last July 13, 2021, which was attended by businessmen and women all over the province. Area Manager for South Branches Winnie Mingaracal together with Marketing Officer Florence Joy Licudine discussed the bank’s products and services emphasizing the bank’s mSME Business Loan Program designed for entrepreneurs.
Rang-ay Bank believes in local business and active compliance with Republic Act 9501 or the “Magna Carta for micro, Small and Medium Enterprises (mSMEs)” mandating allocation of credit resources for mSME’s. The bank exceeded the 10% mandatory compliance set by the law with 71.33% of its loan portfolio lent to mSME’s and agri-businesses as of December 31, 2020.
NEW PERAHUB SERVICES NOW AVAILABLE!
Rang-ay Bank now offers more services through its partnership with PeraHub. Select branches now service Cebuana Lhuillier Pera Padala, USSC domestic pay-out and send-out transactions, and GCash Cash-in and Cash-out through the partnership. Also offered are International pay-out and send-out through Western Union, Transfast and iRemit.
With the bank’s 30 branch network in 6 provinces from Rosales, Pangasinan to Bangui, Ilocos Norte, it is now easier for the people in the countryside to access remittance, micro-insurance, e-money and other banking services. Rang-ay ensures the 100% security and reliability of your domestic and international money transfer thru PERA HUB.
RANG-AY CARES FOR SENIOR CITIZENS
Rang-ay Bank Bangui (Ilocos Norte) and San Fernando Highway (La Union) branches celebrated both their 3rd Anniversaries with the senior citizens in their respective towns last May 6 and June 24, 2021.
Rang-ay Bangui distributed health kits containing face masks, face shields, alcohol and hand soaps to the Federation of Senior Citizens of Bangui. Office of the Senior Citizens Association (OSCA) Head Ms. Rosal Ragasa and Federation President Ms. Imelda Sales expressed their appreciation to Rang-ay Bank on behalf of more than 2,000 members of the federation for showing their love and care to the seniors of the northernmost town that Rang-ay serves.
Highway (La Union) Branch also distributed health kits with vitamins to the senior citizens of Brgy. II, City of San Fernando, La Union. Association President Marcial Estolas expressed his sincerest gratitude to Rang-ay Bank on behalf of the senior citizens of Brgy. II for the donation that will provide added protection to the elders against the threat of the Covid-19 virus.
RANG-AY SUPPORTS VACCINATION PROGRAM
One of the most important developments in our fight against the pandemic is the roll-out of vaccines nationwide. When it comes to preventing the further spread of coronavirus disease (Covid-19), vaccination is as important as wearing a mask, observing physical distancing and proper hygiene.
Rang-ay Bank believes that the best solution to prevent the spread of Covid-19 is to get vaccinated. As frontline workers, the bank encourages all to register in their respective barangay or rural health units (RHU) for vaccination schedules.
At present, more than 50 bankers have already been vaccinated in their respective Local Government Units (LGUs). Most have registered and waiting for their schedule of vaccination. Let us all be part of the solution and get vaccinated para maging ligtas at protektado laban sa mga sakit na dulot ng Covid-19.
BSP RENEWS ACCREDITATION OF RANG-AY BANK AS RFI
The Bangko Sentral ng Pilipinas (BSP) once again renewed the accreditation of Rang-ay Bank as Rural Financial Institution (RFI) last June 17, 2021. Rang-ay Bank was reaccredited as it complied with the requirements for the purpose of implementing the Agri-Agra Reform Credit act of 2009 (RA 10000).
Rang-ay Bank actively finances Agri-Businesses such as rice- millers, vegetable haulers, contract growers, warehouse operators, agri-suppliers, and bamboo growers all over the region. Agri-entrepreneurs may apply for start-up capital, additional working capital, or expansion of existing agri-business. The bank also provides collateral-free farmer’s loans to small-scale cultivators, farmers, tenants, or leaseholders. The program also covers backyard or cottage poultry projects such as livestock and fishery projects, planting of rice, corn, vegetables, and other food crops.
