CARD, Inc. was founded by Dr. Jaime Aristotle B. Alip, together with fourteen of his colleagues, as a social development organization in December 1986. From a mere vision of setting-up a bank which is owned and managed by landless women, it has then evolved into an outstanding microfinance institution (MFI) that is presently leading the pack of microfinance institutions in the Philippines.

As many of Filipino families continue to live below the poverty line, CARD Inc. strives to reach more households through its microfinance services. Since taking off with its Grameen-style microlending in 1989, CARD has spent a considerable time in refining the methodology with the end in view of achieving the twin goals of outreach and sustainability.

A major event in CARD, Inc.’s history came in 1997 when CARD, Inc. obtained from the Central Bank of the Philippines the license to operate a rural bank, which is then named CARD Bank, Inc. Now, microfinance graduates, those clients who are considered to be capable of formal banking, are transferred to CARD Bank, Inc.

CARD Inc. has consistently maintained a near perfect repayment rate since 2001, which contributed to its financial viability as per global microfinance standards.

Vision and Mission


CARD MRI is a world-class leader in microfinance and community-based social development undertakings that improves the quality of life of socially and economically challenged women and families towards nation building.


CARD MRI is committed to:

  • Empower socially and economically challenged women and families through continuous access to financial, microinsurance, educational, livelihood, health and other capacity-building services that eventually transform them into responsible citizens for their community and the environment;
  • Enable the women members to gain control and ownership of financial and social development institutions; and
  • Partner with appropriate agencies, private institutions, and people and community organizations to facilitate achievement of mutual goals.


Our Team


Dr. Jaime Aristotle B. Alip

Founder/ Chairman Emeritus

Dr. Dolores M. Torres


Ms. Flordeliza L. Sarmiento

Vice Chairman/President

Mr. Efren C. Cosico


Ms. Maria Elena M. Ruiz

Member/Corporate Treasurer

Atty. Arnel Paciano D. Casanova


Ms. Ma. Luisa P. Cadaing


Ms. Lorenza DT. Banez, CPA


Ms. Elma B. Valenzuela


Ms. Jocelyn D. Dequito

Member/Corporate Secretary

Mr. Julius Adrian R. Alip


Mr. John P. Sevilla


Ms. Carmelita C. Dapanas


Atty. Edgardo M. Marilim

Legal Counsel

Atty. Anatalia F. Buenaventura

Asst. Legal Counsel

Mr. Josef M. Leron

Chief Compliance Officer

Ms. Lousel E. Cortes

Asst. Corporate Treasurer

Ms. Celeste B. Arceo

Asst. Corporate Secretary

Dr. Efipanio Maniebo

Ex-Officio Member

Mr. Mario Deriquito

Board Adviser

Ms. Primitiva Lina Barreto

Ex-Officio Member

Ms Beatriz C. Dela Cruz

Ex-officio Member/Client


Ms. Jocelyn D. Dequito

Executive Director

Mr. Vicente P. Briones, Jr.

Deputy Executive Director

Ms. Glenda H. Atabay

Sr. Operations Director

Mr. Alvin M. Villamena

Sr. Operations Director- OIC

Mr. David Burgos

Operations Director-OIC

Mr. Diomedes DC. Alvarez

Operations Director

Mr. Louie Silvestre

Operations Director

Mr. Samuel P. Tumbado

Director for Risk

Mr. Josef M. Leron

Director for Compliancery

Ms. Lousel E. Cortes

Director for Finance

Ms. Celeste B. Arceo

Deputy Director for Compliance

Ms. Billy Jean C. Consignado

Deputy Director for Audit

Ms. Lorelie C. Alvero

Sr. Program Manager

Mr. Alexis Garcia

Sr. Regional Director- OIC

Mr. Welland B. Sales

Sr. Regional Director – OIC

Mr. Joevill T. Tardio

Sr. Regional Director – OIC

Mr. Don Don Mercado

Sr. Regional Director-OIC

Mr. Alejandro Ilagan

Sr. Regional Director – OIC

Mr. Jeffrey Rilles

Sr. Regional Director- OIC

Ms. Marina Sepillo

Sr. Regional Director-OIC

Ms. Florife Reynido

Sr. Regional Director – OIC

Ms. Gilnora Bahia

Sr. Regional Director- OIC

Mr. Larry Jun Barcoma

Sr. Regional Director – OIC

Awards and Certifications


Gawad MFI-Regional Level Winner Landbank 2016
Plaque of Recognition Philippine Statistic Authority 2016
Balikat ng Bayan Special Citation Social Security System (SSS) 2016
Global Grade A Planet Rating 2014
Pag-ibig top employers for bracket E bracket (Employers with 4,000 and up employee base) Pag-ibig Fund Coordinator’s Association (FCA) 2014
1st Nationwide SSS Servicing Partner Agent Social Security System (SSS) 2013
MFI ESG Award for Outreach and Inclusion Oikocredit 2012
13 Years of Microfinance Partnership People’s Credit and Finance Corporation 2009
Top District Tax Payer BIR RDO 55 San Pablo City 2009
Top District Tax Payer BIR RDO 55 San Pablo City 2008
Ramon Magsaysay Award for Public Service successfully providing self-sustaining financial service for half a million Filipino women and their families Ramon Magsaysay Awards Foundation 2008
Prize for Excellence in Community Economic Development School of Community Economic Development 2007
Prize for Excellence Community Economic Development, SNHU, USA 2007
Social Entrepreneur of the Year Ernst and Young 2006
2004 AMG 3 Trailbazer Award People’s Credit and Finance Corporation 2005
Recognition for contribution to poverty alleviation in NCR and Region IV People’s Credit and Finance Corporation 2005
People Power Award Former President Corazon Aquino 2005
Special Citation: “Microfinance Institution Partner with the Biggest Outreach” and “Pioneering MFI in the Enhancement of Capability Building of Other MFIs: Luzon People’s Credit and Finance Corporation 2003
Plaque of Recognition and Appreciation People’s Credit and Finance Corporation 2003
Plaque of Recognition People’s Credit and Finance Corporation, Asian Development Bank and Associated Resources for Management, Inc. (ARMDEV) 2001
Flame of Excellence Award Coalition for Microfinance Standards 2000
First Runner-Up for Excellence Award Grameen Foundation 2000
Outstanding Counterpart Award Catholic Relief Services 1995
Plaque of Appreciation Presidential Management Staff 1990