BIS Review 112/2010  1  The University of the Philippines’ Institute of Small Scale Industries has already conducted ten runs of these training courses which have benefited 243 cooperative and NGO members. Nevertheless, we will be the first to say that CSF is not perfect. In this imperfect world, there is always room for improvement.
The key is to have all parties involved follow procedures faithfully, starting with those who will screen and evaluate the loan applications. In the case of Albay, we see a perfect fit with CSF. Based on our monitoring, loans to deposit ratio in the entire Bicol Region remains low. For instance, while deposits have reached P53 billion in 2009, loans were at P14 billion.