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PN 2001-04: Sustainable Rural Finance: Policy and Design Issues

This Notes outlines the sad experience of the supply-led credit policy and subsidized direct credit programs (DCPs) in the Philippines. Said failure has led to the introduction of a market-oriented financial and credit policy framework thru the emergence of a new class of credit intermediaries--the microfinance institutions. The new paradigm and its policy and design framework is explained further in this Notes.

Philippine Institute for Development Studies
Authors Keywords
Llanto, Gilberto M.; microfinance; rural credit; rural finance;
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Published in 2001 and available in the PIDS Library or can be downloaded as full text Downloaded 1,018 times since November 25, 2011