Republic of the Philippines
The Credit Information Corporation (CIC) continues to hold technical training workshops in order to assist submitting entities into coming on-board its credit information system.
Just recently, the CIC held a two-day technical training workshop for submitting entities that are currently in the Testing Phase of CIC’s credit information system. The event took place last July 14 and 21 at I’M Hotel in Makati City and was organized in coordination with the United States Agency for International Development (USAID).
The technical training workshops, focusing on the theme “Progressing To Credit Data Production,” brought together 185 participants, consisting mostly of financing companies and cooperatives. Speaking at the event were Dr. Mario Lamberte, PhD, currently the Team Leader of Component 3, Access to Credit of the Advancing Philippine Competitiveness (or COMPETE) project, Ms. Bernadette Bautista, SVP and IT Head of CIC, and Atty. Aileen L. Amor-Bautista, SVP for Business Development and Communication of CIC.
Atty. Bautista delivered the welcome remarks and gave the participants a walk-through of the events the CIC has been organized this year. Meanwhile, Dr. Lamberte spoke about the importance of having a centralized credit information system in the Philippines, including its benefits to submitting entities and borrowers. He said that credit data sharing was actually one of the major instruments that could address the barriers to growing one’s loan portolio. According to him, credit data sharing was key to an efficient credit information system. Lastly, Ms. Bautista then facilitated the training workshop, which formed the meat of the event.
The event also included a forum which allowed participants to air their questions and concerns related to compliance with CIC’s mandate.
The CIC shall be conducting another technical training workshop in August.
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