Without a credit bureau, adverse selection takes hold because lenders cannot discern borrowers' risk types, so they charge higher interest rates to all

This brings together microfinance practitioners, advocates, educational institutions, donor agencies, international financial institutions, non-governmental organizations and others involved with microfinance to promote best practices in the field, to stimulate the interchanging of knowledge and to work towards reaching our goals

A state wherein there is effective access to a wide range of financial products and services by all.

Aims to optimize collective efforts toward financial inclusion in the Philippines

PDP stands for;

A national network of microfinance practitioners and allied service institutions in the Philippines

One of the founder of Microcredit Summit Campaign

A bank wide seminar was open to all employees of the BSP to increase the general appreciation and knowledge of microfinance.

The BSP remains committed to increasing the skills, capacity, understanding and appreciation of the Bangko Sentral and the banking sector insofar as microfinance is concerned.

Under this Section, the Monetary Board shall recognize the peculiar characteristics of micro financing, such as cash flow-based lending to the basic sectors that are not covered by traditional collateral.

Under this section the Monetary Board shall regulate the interest imposed on micro finance borrowers by lending investors and similar lenders such as, but not limited to, the unconscionable rates of interest collected on salary loans and similar credit accommodations

In case of loans and other credit accommodations to micro finance sectors, the schedule of loan amortization shall take into consideration the projected cash flow of the borrower and adopt this into the terms and conditions formulated by banks.

Pre-requisites for the grant of a universal banking authority

The capital of the microfinance-oriented banks to be established should be owned by private persons, multilateral entities or a combination thereof;

A credit facility to facilitate or augment funds needed by wholesale borrowers, where availment on the re-discounting line are made against promissory notes of sub-borrowers

Microfinance loans are granted on the basis of the borrower’s ______________ and are typically unsecured.

At least fifty percent (50%) of the paid-in capital of the proposed bank must be owned by persons or entities with track record in micro-financing.

In section 40, a bank cannot demand from its credit applicants a statement of their assets and liabilities and of their income and expenditures and such information as may be prescribed by law or by rules and regulations of the Monetary Board to enable the bank to properly evaluate the credit application which includes the corresponding financial statements submitted for taxation purposes to the Bureau of Internal Revenue

A bank that provides financial services and caters primarily to the credit needs of the basic or disadvantaged sectors