Foreign credit union taps local provider

MANILA, Philippines - The MBv8 Integrated Systems software, acquired recently by Mesenieng Credit Union from MBPhilippines Inc., will address the requirements of the largest credit union in Micronesia for the implementation of an integrated systems for loans portfolio and automatically generate accounting entries that will be posted to the general ledger systems. MBv8 helps manage their day-to-day finances, paying bills, saving up, or invest for long-term goals.

MBPhilippines will likewise establish an online solution that includes the business models for the savings and share account module, loans account with microfinance, and the general ledger system, reports module, customer information file, and multi-teller set-up that can run smoothly 24-hours.

MBv8 is suitable for microfinance institutions, rural banks, savings and loans associations, credit unions and cooperatives. Senen D. Glorioso, former president of the Rural Bankers Association of the Philippines (RBAP), is MBPhilippines charman.