Financial security is what we always aimed for. This is the reason why we wake up every day, why we go to work and do job tasks hardly, and why we fight for our kids future. The financial security will give us an assurance to live without worrying about bills to pay and money to spend for needs. Do we have this mindset? To become financially stress-free in the future before our aged stage.Though most of us are living from paycheck to paycheck, we have goals in life to leave this behind. We have dreams to fulfill. Maybe the reason why you are still in the rat race is that you have no financial plan yet; you have not yet started to build your dreams, or you don't know how to start with it.
You have dropped in on this blog because you have a real goal to become successful in life and become financially secure. Let us explain to you, "Why do you need to join a financial organization or institution like a card bank?"Before we discuss anything about this bank institution, we will clarify that this blog is not sponsored, not affiliated, nor paid by the Card Bank MRI. We solely want to share this with you because, to the best of our knowledge, this bank and its program can help you significantly through your hardest, deepest time and challenges.
The Center for Agriculture and Rural Development, Inc. (CARD, Inc.) was organized on December 10, 1986, as a social development foundation and became a licensed formal bank in 1997. The Card Bank Inc. aims to provide the poor with diverse financial and non-financial services. Card Bank provides an Account Officer (AO) to gather a small group of members in an area of his/her assigned barangays. The bank created a center to serve a small group of people to provide a holistic approach, follow-up, provide financial advice, and collect payments. The bank was founded through Grameen Bank methodology, which is the model created by Professor Muhammad Yunus in Bangladesh in the 1970s. The system was socially oriented, transparent, responsible, and developing discipline in handling finances among members. In the background of Card Bank Inc. you will noticed that bank was developed in society, work for society and back for society. They are eager to help individuals during a financial crisis, secure their future, and become financially literate and financially oriented.
Advantages of being a Card Bank Member in the Philippines
1. You will be Good in Financial Management
When you become a Card Bank member, you will learn how to manage your finances. Every time you receive your salary or your daily income, you will persuade yourself to take a side of your income for pledge savings, life insurance, and loans (if you have them) before the collection day. You will learn to pay yourself first before spending.
2. Your Life is Insured
In Card Bank Inc., Card Bank SME, and Card Bank RBI, all members are secured because the life insurance is compulsory. Which you are required to pay 20 pesos in insurance every week. In case of unexpected accidents, you can get up to 100,000 pesos in cash for your family. Insurance is better than savings because you have assurance that you have money left for your family.
3. Financial security
In Card Bank, you will learn to pay yourself first, which requires you to save 50 pesos per week as a pledge savings. This saving will help to build up your hobby to save money for future needs, either for an emergency fund, retirement fund, or your business expenses. This will give you security in case of unexpected financial needs.
4. You will Building Credit Score
Since Card Bank Inc. is a BSP-licensed bank, you have confidence in saving many without worry. Having a good credit record in a bank will help you to build a credit score in Credit Information Corporation, which are the institutions that financial firms rely on for credit assessments other than the record they have on their system and from their third parties. Card Bank is the most trusted microfinancial institution in the Philippines, which your credit score at this bank can give you a high trust from other banks.
5. You will become Financially and Socially Oriented
Card Bank Inc. tag line is "A Microfinance-Oriented Rural Bank" as their fundamental core value and from their original methodology. The Card Bank centers are intended to reach the group of people by the bank and organize it as a small group of financially oriented individuals. The group has a participation in collection, encouragement, and support to each other. Center will lead them to unite and hold together to build wealth and a secure future.
The five advantages above-mentioned are the things you will experience once you join Card Bank. If you don't know how to start, how to save, or how to be prudent with money, and you have no direct financial plan, then this day will be your trigger point to start and change your spending habits.
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