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Microfinance Pasifika Member Profile

 

Institution Contact Details

Name of Institution

Bank of Marshall Islands

Postal Address

PO Box J RRE Compound St Majuro, MH 96960

Country

Marshall Islands

Telephone

(692) 625 -3636

Fax

(692) 625 - 3661

Email

bankmar@ntamar.net

Website Address

 

Skype

 

Contact Person

Patrick Chen

Position

CEO/President


General Institutional Information

Current Legal Status of the Institution

Commercially Licensed Bank in the Republic of the Marshall Islands

 

Objectives

Commitment to extend micro credit to unemployed citizens

 

Brief History

Recently started last year in September 2006

 

Ownership

 

Marshall Islands Social Security & Marshall Islands Development Bank

 

Operations related to
microfinance
and financial inclusion

3 village banks and mobile bank services through the government's outer island ship field trips

 

Main Funding Sources

ROC Taiean ICDF

 

Main Challenges

Distributing microcredit to outer islands

 

Other Networks

Not Applicable