Dr.
Alip together with Dr. Dolores M. Torres, senior management
adviser of CARD Bank, Flordeliza L. Sarmiento, managing
director of CARD MRI, and some management committee members
of CARD MRI with CARD Bank and CARD MBA staff in Iloilo on
January 16, 2019. |
3,175 scholarship
slots available at CARD MRI
By
CARD MRI
February 5, 2019
SAN PABLO CITY – A
total of 3,175 scholarship slots will be provided by the four major
institutions of CARD Mutually Reinforcing Institutions (CARD MRI)
namely CARD, Inc., CARD Bank, CARD MRI Rizal Bank, and CARD SME
Bank, to its microfinance clients and their dependents this academic
year 2019-2020.
Microfinance clients of
these institutions who are at least three years in membership until
May 2019 with 100% repayment rate and 90% attendance rate during
weekly center meetings may have themselves or their children take
the national qualifying exam on February 9, 2019. The scholarship
slots are also available for those who are savers of the
institutions for at least five years.
“Education is one the
social development efforts CARD MRI values for more than three
decades now. With access to education, our fight to end extreme
poverty in the Philippines would be made possible,” said Flordeliza
L. Sarmiento, managing director of CARD MRI.
Sarmiento also emphasized
that the scholarship program is part of the community development
efforts of its four major institutions. “Apart from providing
microfinance loans and insurance, our four major institutions is
also committed to providing community development support to its
clients as an inclusive approach to poverty eradication.”
Prior to taking the exam,
an accomplished application form must be filled out, which can be
secured in any CARD offices nationwide. The exam will run for one
hour only. Designated testing areas are already posted in CARD’s
respective offices nationwide.
Scholarship programs
CARD MRI has scholarship
slots for high school, senior high school, and college. The senior
high school slots, however, are only allotted for students who will
enroll at CARD-MRI Development Institute (CMDI) in Bay, Laguna and
Tagum, Davao davao del Norte campuses. All the slots are open for
the children of CARD clients. Those clients who intend to finish
their schooling may also take the exam for the Balik Eskwela
program.
Qualified high school
scholars will receive P3,000 yearly, senior high school scholars at
CMDI will receive P17,500 per year, while college scholars will
receive P12,000 per year. Every scholar will receive a financial
support for maximum of four years.
One family, one graduate
The One Family, One
Graduate program was launched by CARD MRI in 2016 to ensure that for
every family the CARD major institutions serve at least one will
graduate from college.
In 2015, CARD MRI through
its then training center the CARD-MRI Development Institute (CMDI),
was granted by the Commission on Higher Education (CHED) to operate
as secondary and tertiary institution.
CMDI established campuses
in Tagum City, Davao del Norte and Bay, Laguna to provide quality
education to deserving students. High School and Senior High School
scholars are encouraged to enroll I the two campuses as more
scholarship opportunities for college education from CARD MRI await
them in the college.
“We are planning to open
more campuses in the coming years to accommodate more students and
promote microfinance and development-related courses,” said
Sarmiento.
As of December 2018, CARD
MRI has supported 12,465 scholars nationwide where 4,816 already
graduated in college.