We sat down with LifeBank founder Dr. Vince Perlas to find out how Filipino microfinance institution has used Oradian's technology to deliver credit to individuals and communities across the country.
"It all starts with a good foundation... and we found that in Oradian."
Dr. Vince Perlas, President and CEO, LifeBank Foundation
CustomerLifeBank Foundation
BusinessMicrofinance institution
LocationThe Philippines
The interview
Oradian co-founder and CEO Antonio Separovic sat down for a conversation with LifeBank Foundation's Dr. Vince Perlas to discuss how LifeBank has leveraged its long relationship with Oradian to develop its products and deliver its services to its customers across the Philippines, and how that partnership may continue to grow in the future.
About LifeBank Foundation
LifeBank Microfinance Foundation is a non-profit organisation that provides Microfinance to individuals, families, and communities throughout the Philippines. It is a major partner in social programmes designed to empower its members and society as a whole through a culture of caring and sharing.
Its aim is to “break the chains of poverty” by promoting sustainable growth in rural and urban areas through a range of social programmes, providing access to credit to enterprising individuals to enable them to create opportunities for development and employment. It seeks to partner with like-minded institutions to respond to the needs of its clients, working together for the benefit of those in poverty.
It opened its first branch in Iloilo in 2003. By 2005 it had expanded its operations beyond Panay, with its 100th branch – in Tagum City – opening the following year. As of 2022 it continues to open new branches to bring its unique social programmes to more and more communities across the country, establishing itself as an important and value partner for social change.
Affordable: our subscription-based model means economical pricing with no surprises.
Cloud-based: no need to buy and maintain servers and infrastructure.
Flexible: fast and easy to set up, configure, and change. Customise at the flick of a switch.
Low-bandwidth: designed for customers even in remote and rural areas. Works with 2G.
Easy to integrate: instantly plug in third-party applications using our powerful APIs.
Oradian offers a vital combination of flexible, scalable, best-in-class technology and comprehensive in-market customer support and expertise that enables us to drive growth, scale rapidly, and boost our performance.
With the help of Oradian, NOLT was able to submit its first CBN returns within the necessary time frame.
It's not just a vendor relationship. What we found in Oradian is a strategic partnership that will lead us to sustainable growth. It's simply not a transaction, it's a long term alliance.
Oradian was able to adapt its system to meet the needs of our customers, as well as our internal salespeople. That sort of efficiency and flexibility is why we chose Oradian versus the other providers.
Oradian offered us an open API layer straight out of the box. This meant we could easily integrate their core banking system with our existing loan servicing, origination, and loan officer mobile applications without needing to redevelop everything from scratch.
Oradian has improved customer acquisition and customer service. It has also made it easier for us to scale our business. In one year we grew by 320%
A fool-proof system that makes sure our clients get the service they deserve.
Oradian is an affordable tool that helps us be sustainable and compete with commercial banks.
