History and Institutional Background KCCDFI (KFI Center for Community Development Foundation, Inc.), a non-stock, non-profit microfinance institution catering to the enterprising poor women in Zamboanga City, is a spin off program of the Kasanyangan-Mindanao Foundation, Incorporated microfinance program. The microfinance program was conceptualized after Mr. Rodolfo Quinday, Sr. – the founding President and CEO attended a savings and credit training with the Center for Agriculture and Rural Development, Inc. (CARD, Inc.) in Laguna in 2001. In the same year, the microfinance program following the modified grameen approach was started with 225 initial clients. Aside from the savings and credit services, KCCDFI also embarked on providing microinsurance services by joining the CARD Mutual Benefit Association (CARD MBA) Build, Operate and Transfer (BOAT) program. Under this program, members of KCCDFI have access to a wide variety of insurance services – from life, loan to other health riders.

After being in incubation for about one a half years, KCCDFI tapped the technical services of RIMANSI Organization for Asia and the Pacific (RIMANSI), a resource center for micro-insurance to establish their own mutual benefit association  (MBA) and micro-insurance program.

The MBA was registered with the Securities and Exchange Commission and licensed by the Insurance Commission in September 2009, allowing it to transact insurance business.

Specifically, KCCDFI MBA provides assistance to its members, spouse, children and parents through death benefits, sickness benefits, retirement savings and loan redemption. KCCDFI MBA, likewise, encourages active involvement of the members themselves in governance and policy implementation towards empowerment and organizational sustainability.