DRN Vol. 39 No.3
'Reexamine SHS Programs Employment and Entrepreneurial Objectives'
Regulatory Impact Assessment Adoption Determinants: A Diagnostic Framework
Exploring Responses to the Employment Impact of Excise Tax Reform: The Case of the Philippine Tobacco Industry
Mapping Out Employment Opportunities in the Cultural Heritage Sector A Strategic Framework

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Publication Detail
IDLO 2007-01: Microfinance Activity in Philippines: Operational and Regulatory Challenges of the Microfinance Industry in the Philippines

This paper presents an overview of the Philippines microfinance industry, discussing its specificities, challenges and regulation. The government, recognizing the importance of poverty reduction, ranked microfinance as its top priority in the Medium-Term Philippine Development Plan. Yet, the microfinance industry in the country faces the following challenges: * Spread of credit pollution; * Issues of governance; * Non-adoption of performance standards by MFIs; * Unwillingness of MFIs to provide an array of financial and non-financial products; * Lack of focus on savings; * Insufficient outreach; * Morality issues; * Lack of a proper lending technology; * Lack of incentives for microfinance staff; * Lack of effective internal control systems; * Unsustainably rapid growth; * Lack of training and experience in the field of microfinance. Microfinance in the Philippines is supported by a market-based policy and regulatory framework, crafted by the government, including the Bangko Sentral Ng Philipinas (BSP). The government's microfinance policy has helped it transition from its earlier perceived identity as a dole-out agency of loans to a new role of a policy-making and regulating agent of microfinance activities.

PinoyME Foundation
Authors Keywords
Valdemar, Deolito C.; Encinas, Rogelio A.; Imperio, Magdalena D.; microfinance; microfinance regulation;
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Published in 2007 and available in the IDLO or Downloaded 349 times since November 25, 2011
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