Microfinance

by Elijah Felice Rosales – The Philippine Star, 30 Nov 2021 MANILA, Philippines — The Department of Finance (DOF) has warned that putting up a microfinance cooperative in each barangay nationwide will harm the country’s fiscal standing due to the tax incentives that will be given out.

by Richmond Mercurio (The Philippine Star), 14 Aug 2020 MANILA, Philippines — Microcredit extended by GCash amounted to P2 billion in the first half, double the amount from the same period last year as the fintech compacontinues to provide more Filipinos access to alternative credit facility.

By Manuel Cayon, Businessmirror, Feb 19, 2017 DAVAO CITY—The Bangko Sentral ng Pilipinas’s (BSP) effort to widen its reach among unbanked Filipinos is being hampered by the restrictions being imposed by the banking sector, industry sources said.

Starting 2017, the government will set aside P1 billion for lending to micro and small enterprises By Chrisee Dela Paz, Dec 5, 2016 MANILA, Philippines – The Department of Trade and Industry (DTI) will set aside P1 billion starting next year to implement an alternative lending scheme with an estimated 2% interest rate for micro…

MANILA, Philippines—International experts cited Philippine achievements in promoting microinsurance, even as they called for global efforts to protect consumers as the industry continues to develop.

International migrants send home over US$ 400 billion a year, yet they and their families often lack basic social protection. That is where microinsurance can step in. GENEVA (ILO News) – Migrants often serve as the equivalent of an informal insurance policy when adversity strikes their families back home but they themselves tend to be…

Microinsurance can play a key role in alleviating poverty and has expanded dramatically over recent years. But as a recent ILO study explains, it takes more than a good idea to sell a product.

MANILA, Philippines – The Bangko Sental ng Pilipinas (BSP) has issued an order defining microfinance clients entitled to the presentation, marketing, sale, and servicing of microinsurance products by thrift, rural, and cooperative banks.

REGULATORS in the Philippines, regardless of the state of the microfinance elsewhere, insist on the continued robustness of an industry worth some $30 billion globally and around P7 billion within the country’s borders.

The Philippines ranked second overall in microfinance environment among all the developing countries in the world but still inferior in investment climate, according to The Economic Intelligence Unit index.

MANILA, Philippines – The Philippines has been ranked second best worldwide in the microfinance business, and the leader in the Asia Pacific region.

DAVAO CITY, Philippines — The loans being offered by microfinance institutions are simply not enough to uplift the lives of the poorest of the poor, according to a ranking official of the Microfinance Council of the Philippines (MCPI).

FROM just a handful of lenders and several thousand borrowers in the 1970s, the business of microlending and microfinance has ballooned into a P12-billion industry serving an estimated 7 million poor Filipinos, most of them women.

MANILA, Philippines—Life could have been easier for Lilia Roseryo had she been a beneficiary of a microfinance program, a government blueprint to ease poverty.

MANILA, Philippines – The Economist Intelligence Unit (EIU), the business information arm of The Economist Group, has declared the Philippines as the best in the world in terms of its microfinance environment.

Repayment rates are falling at the world’s most famous microfinance institution, Grameen Bank. David Roodman is worried: