Microfinance

DOF against grant of incentives to microfinance coops

Published by rudy Date posted on November 30, 2021

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.

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GCash microcredit doubles to P2 billion

Published by rudy Date posted on August 14, 2020

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.

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Survey cites problems why banks can’t reach underground economy

Published by rudy Date posted on February 19, 2017

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.

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DTI seeks to stop ‘5-6’ lending

Published by rudy Date posted on December 5, 2016

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…

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Philippines cited for promoting microinsurance

Published by rudy Date posted on April 29, 2013

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.

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The win-win potential of microinsurance for migrants

Published by rudy Date posted on October 29, 2012

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…

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Microinsurance: A good tool but a tough sell

Published by rudy Date posted on June 29, 2012

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.

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BSP identifies clients entitled to microfinance

Published by rudy Date posted on June 3, 2011

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.

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Regulators: PH microfinance robust

Published by rudy Date posted on January 3, 2011

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.

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RP scores big in providing microfinancing to poor

Published by rudy Date posted on October 29, 2010

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.

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RP world’s second best in microfinance

Published by rudy Date posted on October 12, 2010

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

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Micro-finance credit not enough to uplift poor–loan manager

Published by rudy Date posted on July 7, 2010

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).

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Microfinance balloons into P12-billion industry

Published by rudy Date posted on April 19, 2010

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.

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Lilia sells food in the streets but hasn’t heard of microfinance

Published by rudy Date posted on March 10, 2010

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.

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EIU ranks RP best in microfinance

Published by rudy Date posted on February 17, 2010

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.

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Trouble at Grameen Bank?

Published by rudy Date posted on February 10, 2010

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

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Feb 20 – World Day of Social Justice

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