Mr. Leonilo "Topper" Coronel of the BAP-Credit Bureau gives updates about credit bureau services such as the Microfinance Data Sharing System (MiDAS) tailor-fitted for banks and other institutions engaged in microfinance.

1. THE MICROFINANCE
DATA SHARING SYSTEM
(MiDAS)
Leonilo “Topper” Coronel
BAP Credit Bureau
2011 RBAP‐MABS Regional Roundtable Conference
Hya= Hotel & Casino, Manila
November 9, 2011

2. THE MICROFINANCE
DATA SHARING SYSTEM
(MiDAS)
A PRESENTATION TO THE
MABS REGIONAL ROUNDTABLE
09 NOVEMBER 2011
HYATT HOTEL

4. The MiDAS Journey END
• MOA Signing, and
Road shows
Dec
Sept • Final review and
acceptance
May
• Launching of Pilot Phase
Apr
• MiDAS ApplicaLon Development
Mar
• MOU Signing and FinalizaLon of Terms
Feb Of Reference
2011 • Planning Conference in Iloilo

5. The MiDAS Journey
 The RBB Foundation plays a key role as
catalyst to match needs against resources while
the BAP Credit Bureau develops solutions,
operates the infrastructure and provides
services.
 Historic meeting of the minds among major
MFIs to implement a credit bureau facility that
enables them to stay true to their social mission
of poverty alleviation
 Share data to identify and offer reform
programs to borrowers at risk rather than
build a traditional negative list of clients to be
used as a caution list .

6. The MiDAS Journey
 Multi-borrowing not a primary objective, but
system features partly address this.
 MFIs provides the vision, strategic directions
and specific business requirements for the
project.

7. The MiDAS Journey
Core Group of Institutions and Initial Project Scope
Negros Women for
CARD Bank, Inc. Tomorrow
Foundation, Inc.
ASA Philippines Taytay Sa
Foundation, Inc. Kauswagan, Inc.
OK Bank, Inc. Ahon Sa Hirap, Inc.
LifeBank Foundation, Inc.
CARD NGO
LifeBank Rural Bank
RBB Foundation BAP Credit Bureau, Inc.

8. The MiDAS Journey
 Technical Working Group composed of
senior representatives from 6 MFIs
agreed on definitions, scope, reports,
desired service levels by first week of
March (Business Requirements)
 6MFIs signed an MOU with RBB
FOUNDATION as project manager on
behalf of the MFIs and BAP-CB as
service provider

9. MIDAS Business Requirements
– Borrowers At Risk ClassificaNons
Value Description
01-01 FRAUD – ride on / loan sharing / dummy loans
01-02 FRAUD – non remittance of collections
01-03 FRAUD – getting commission on loans released of other members
02-01 ABSENCE / DISAPPEARANCE
03-01 UNDER LITIGATION
04-01 WRITTEN OFF ACCOUNTS / BAD DEBT ACCOUNTS
05-01 MATURED LOANS
06-01 DROP OUT – loan paid by center/group/co-member
06-02 DROP OUT – expelled by center member
Restructured loans that incurred at least 2 missed payments w/o valid
07-01 reason
99-99 OTHERS

10. MIDAS Business Requirements
Barangay Level
– List all BAR in a given barangay as
reported by participating MFIs as of a
certain date
– Follow the official list of provinces,
cities/municipalities and barangays
posted on the website of the National
Statistics Coordination Board
(www.nscb.gov.ph) which is the
primary reference for BAR reporting
and BAR search by area.

11. Key Agreements with Future MiDAS Participants
1. Reciprocity
o Give = GET
o Voluntary vs. Mandatory
2. Confidentiality
o Info limited to those who are
authorized w/in the institution
o Anonymity of reporting institutions
3. Retention
o No prescription
o Obligation to report any resolution in
BAR

12. Key Agreements with Future MiDAS Participants
4. Required Reports
o Every 15 days
o BAR - Categories
BAR TYPE
Value DescripLon
01‐01 FRAUD – ride on / loan sharing / dummy loans
01‐02 FRAUD – non remi=ance of collecLons
01‐03 FRAUD – geXng commission on loans released of other members
02‐01 ABSENCE / DISAPPEARANCE
03‐01 UNDER LITIGATION
04‐01 WRITTEN OFF ACCOUNTS / BAD DEBT ACCOUNTS
05‐01 MATURED LOANS
06‐01 DROP OUT – loan paid by center/group/co‐member
06‐02 DROP OUT – expelled by center member
Restructured loans that incurred at least 2 missed payments w/o valid
07‐01 reason
99‐99 OTHERS

13. Key Agreements with Future MiDAS Participants
5. Ownership and Governance
o Data belongs to participating MFIs
collectively
o Create an entity to own and manage
MiDAS going forward
o RBB Foundation plays only an interim role
6. Cost
o Annual Membership Fees

14. Who are MIDAS Eligible Participants?
 Microfinance NGOs
 Cooperatives
 Rural Banks with MF operations
 Eligibility Requirements:
 A member in good standing of
and endorsed by a microfinance
council, network or association
e.g. RBAP or MABS

15. Key Agreements After Pilot Phase
 Acceptance of MiDAS as evidenced
by Certificate of Acceptance
 Populate system with nationwide
data
 Preparation of MOA

16. Thank you.