1. THE MICROFINANCE DATA SHARING SYSTEM DATA SHARING SYSTEM(MiDAS) 1

2. RBB Foundation 2

3. 3

4. What is MiDAS? Data Sharing System that allows MFIs to submit reports, send inquiries and retrieve results on borrower information. In other words, this is the Microfinance Credit Bureau. 4

5. Jan 2012 Jan 2012onwards Feb2011 Mar Apr May Sept Planning Conference in Iloilo Planning Conference in Iloilo MOU Signing and Finalization of Terms Of Reference MOU Signing and Finalization of Terms Of Reference MiDAS Application Development MiDAS Application Development Launching of Pilot Phase Launching of Pilot Phase MOA Signing, and MOA Signing, and Road shows Final review and acceptance Final review and acceptance The MiDAS Journey Review and finalization Review and finalization of MOA of MOA Dec

6.  Technical Working Group composed of senior representatives from 6 MFIs agreed on definitions, scope, reports, desired service levels by first week of March  6 MFIs signed an MOU with RBB FOUNDATION as project manager on behalf of the MFIs and BAP-CB as service provider  First subsystem of MiDAS is the BARIS (Borrowers At Risk Information System) The MiDAS Journey

7. 7 Individual Level Barangay Level – List all BAR in a given barangay as reported by participating MFIs as of a certain date – Follow the official list of provinces, cities/municipalities and barangays posted on the website of the National Statistics Coordination Board (www.nscb.gov.ph) which is the primary reference for BAR reporting and BAR search by area. MIDAS Business Requirements

8. 8 Contains only 8 data elements 1.Name of MFI 2.Name of Borrower (Last Name, First Name, Middle Initial) 3.Birth Date (MM/DD/YYYY) 4.Complete Address (no., street, brgy, municipality or city, province) 5.Regular Loan Outstanding (Income Generating Loan) 6.Other Loan Outstanding MIDAS Business Requirements

9. 9 7. BAR Type - Explanation why borrower is classified as “at risk” based on the definition of client at risk (code applies only to regular loans). In cases where the client does not have regular loan, code applies to other loans. 8.Cutoff date of report of the institution MIDAS Business Requirements Value Description 01-01 FRAUD – ride on / loan sharing / dummy loans 01-02 FRAUD – non remittance of collections 01-03 FRAUD – getting commission on loans released of other members 02-01 ABSENCE / DISAPPEARANCE 03-01 UNDER LITIGATION 04-01 WRITTEN OFF ACCOUNTS / BAD DEBT ACCOUNTS 05-01 MATURED LOANS 06-01 DROP OUT – loan paid by center/group/co-member 06-02 DROP OUT – expelled by center member 07-01 Restructured loans that incurred at least 2 missed payments w/o valid reason 08-01 PAST DUE – reported by Rural Banks 99-99 OTHERS

10. Key Agreements with MiDAS Participants 1. Reciprocity o Give = GET o Voluntary vs. Mandatory 2. Confidentiality o Info limited to those who are authorized w/in the institution 3. Retention o No prescription o Obligation to report any resolution in BAR

11. Key Agreements with Future MiDAS Participants 4.Required Reports o Monthly Submission o BAR - Categories BAR TYPE Value Description 01-01 FRAUD – ride on / loan sharing / dummy loans 01-02 FRAUD – non remittance of collections 01-03 FRAUD – getting commission on loans released of other members 02-01 ABSENCE / DISAPPEARANCE 03-01 UNDER LITIGATION 04-01 WRITTEN OFF ACCOUNTS / BAD DEBT ACCOUNTS 05-01 MATURED LOANS 06-01 DROP OUT – loan paid by center/group/co-member 06-02 DROP OUT – expelled by center member 07-01 Restructured loans that incurred at least 2 missed payments w/o valid reason 08-01 PAST DUE – reported by Rural Banks 99-99 OTHERS

12. Key Agreements with Future MiDAS Participants 5.Ownership and Governance o Data belongs to participating MFIs collectively o Create an entity to own and manage MiDAS going forward o RBB Foundation plays only an interim role 6. Client Waiver

13. Key Agreements with Future MiDAS Participants 7. Cost (Effective October 01, 2012) o Annual Membership Fee – P10, 000 8. Fees Type of Inquiry Per person/individualPHP1.00 per inquiry Per BarangayPHP0.50 per name generated