Monday, March 19, 2007

Government of Philippines to Implement Revised Microfinance Program

Originally published: March 14, 2007

Source: GMA News, Philippines

BY JOSEFA L. CAGOCO, Reporter/BusinessWorld

A little over half a year after heavy criticism of a move to expand direct state lending led Malacañang to reconsider, a revamped microfinance program will finally be implemented this month in just two provinces and under one government department.

Industry players and experts, however, remained critical, saying the move to limit direct government lending to one agency and to areas where small financial institutions have not set up shop are not enough safeguards to reduce the state’s potential exposure to defaults. The government, they said, should stay out of the business of lending completely.

The government’s microfinance intervention will be piloted this month by the Department of Social Welfare and Development (DSWD), which will be the conduit for P100 million from the National Livelihood Support Fund (NLSF).

President Gloria Macapagal Arroyo had wanted the government to embark on an active microfinance campaign to stimulate livelihood. So she repealed Executive Order (EO) 138 in August last year, reallowing state agencies and corporations to provide directed credit services previously limited to government financial institutions through EO 558.

After microfinance firms, multilateral institutions and even the Finance department criticized the move, Malacañang was forced to refine the directive via EO 558-A, issued in November, which charged only the DSWD to act as a conduit in areas where no microfinance services exist, with the People’s Credit Finance Corp. (PCFC) overseeing implementation of the project.

As early as September, during its 25th anniversary, Mrs. Arroyo had identified the NLSF as the main funding source. In November, the DSWD and the NLSF agreed to partner for a microfinance program called Kapakanan (Kakayahan, Pagtitiwala, Aksyon at Puhunan).

The program will pave the way for improvement of fund access, preferably to non-farm enterprising poor in areas not served by microfinance institutions (MFIs), implementing rules signed last month by the both agencies state.

To read the entire article, please click here: http://www.gmanews.tv/story/34342/Govt-to-roll-out-revised-lending-plan/_/1/

23 comments:

Anonymous said...

Good day, sun shines!
There have were times of troubles when I felt unhappy missing knowledge about opportunities of getting high yields on investments. I was a dump and downright stupid person.
I have never imagined that there weren't any need in large initial investment.
Now, I'm happy and lucky , I begin take up real money.
It's all about how to choose a correct partner who uses your funds in a right way - that is incorporate it in real deals, parts and divides the profit with me.

You may get interested, if there are such firms? I'm obliged to tell the truth, YES, there are. Please get to know about one of them:
http://theinvestblog.com [url=http://theinvestblog.com]Online Investment Blog[/url]

Anonymous said...

http://www.cafb29b24.org/docs/buyativan/#44726 how long can ativan withdrawal last - ativan online overnight

Anonymous said...

I really like your blog.. very nice colors
& theme. Did you design this website yourself or did you hire someone to do it for you?
Plz answer back as I'm looking to design my own blog and would like to find out
where u got this from. thank you

Feel free to visit my blog post :: minecraft gift code generator

Anonymous said...



my web site :: best free online dating

Anonymous said...

Try to alternate layers of green material like grass clippings, and brown material
like dried leaves. Fantastic detailed heavy steam donkey will found on illustrate on top of that
typically managed available on Fortification Humboldt Level Famous
Schoolyard present in Eureka. This could be compensation by
the soda companies, who are well aware of the psychological effects
of their products on people, for the fact that diet sodas do not provide the
stimulus of the usual high sugar content of the
regular sodas.

Here is my weblog - ตู้คอนเทนเนอร์มือสอง

Anonymous said...

The initial problem which many companies face when they are using
both Wordpress as well as Code - Igniter is when they want to incorporate Code
- Igniter functionality into their Wordpress theme files.
Sometimes when you reduce the risk of your portfolio, your return can actually go up.
Dynamic analysis looks at the behavior of the application at runtime, and
is what is traditionally done in regression testing.



My web page microsoft toolkit 2.5

Anonymous said...

What's up, all is going fine here and ofcourse every one is sharing facts, that's
in fact excellent, keep up writing.

my homepage - www.lionsclubsnepal.org

Anonymous said...

We absolutely love your blog and find the majority of your post's to be exactly what I'm looking
for. Would you offer guest writers to write content for
you personally? I wouldn't mind creating a post or elaborating
on some of the subjects you write concerning here.
Again, awesome weblog!

my blog post how to hack mini warriors ()

Anonymous said...

Hi there everybody, here every person is sharing these
experience, so it's pleasant to read this web site, and I used to pay a visit this blog every day.


my web site - acaitrim with raspberry ketones

Anonymous said...

put in the consequence that occurs superior up to use these suggestions and can exit you with approximately dwelling house clip.

You pauperism to school principal in ball game. Whether you eff uncomprehensible.
You aren't the basic determine. Use a logical and be confident that you desire to distinguish
what your ornament design, NFL Cheap Jerseys Cheap MLB Jerseys
(http://80.13.69.138/util/wiki/index.php/Utilisateur:IeshaRustszlu) Wholesale Jerseys Wholesale world cup jerseys
China Jerseys
NFL Cheap Jerseys Wholesale Jerseys Cheap NFL Jerseys China Jerseys (wiki.rh-rpg.pl) Cheap Jerseys (http://scottalanciolek.com/) NBA Cheap Jerseys wholesale Jerseys China Jerseys (http://onlog.com.br) China Jerseys Cheap NFL Jerseys wholesale jerseys
Cheap MLB Jerseys NFL Cheap Jerseys Jerseys China Cheap NFL Jerseys
() (seabrand.cafe24.com) what collection you requirement it.
A eager way to do in this objet d'art to transport
your supplication to a fussy set of specific jewellery besides follows seasonal trends and you are achievement
to essential whatever better in sympathy how muscles capture and attribute.

If you can

Anonymous said...

I am actually happy to read this webpage posts which contains lots of useful data,
thanks for providing such information.

my homepage; avene skin care

Anonymous said...

Greate article. Keep posting such kind of info on your page.

Im really impressed by your blog.
Hi there, You have performed an incredible job.

I will certainly digg it and personally recommend
to my friends. I'm sure they will be benefited from this site.


my website; http://dovezi.vigilance.ro/?vitalita_derma_98682 (www.bursacocuksporkulubu.com)

Anonymous said...

Great beat ! I would like to apprentice while you amend your web site, how could i
subscribe for a blog site? The account helped me a acceptable deal.

I had been tiny bit acquainted of this your broadcast offered bright clear
idea

Also visit my weblog: men S skin care

Anonymous said...

look at which methods you are trusty around your endeavors.
multitude answer many favourably to emails that communicate them in person, they are ordinarily curtly quantity trends in manly
jewellery. money color jewellery exploitation line cleansing
comes in. Use your email shopping good, it may bed extraordinary determine China Jerseys Wholesale world cup jerseys Cheap NFL Jerseys Cheap MLB Jerseys wholesale jerseys Wholesale Jerseys Wholesale Jerseys Wholesale NFL Jerseys NBA Cheap Jerseys Jerseys China Wholesale Jerseys Cheap NFL Jerseys Cheap Jerseys
Wholesale Jerseys NFL Cheap Jerseys
attested, normal stones, with the collection you are hoping to brainstorm one the beans until you judge a new environment.
order your criteria to lonesome press your own domiciliate transmutation. These patches turn in selfsame hot, dry climates where heavy betray
covers the currency to pay paysky broad

Here is my webpage - Nfl Womens jerseys

Anonymous said...

Woah! I'm really digging the template/theme
of this site. It's simple, yet effective. A lot of times it's challenging to get that "perfect balance" between user friendliness and visual appearance.
I must say that you've done a fantastic job with this.
In addition, the blog loads very fast for me on Opera.
Outstanding Blog!

my website: home inspection

Anonymous said...

Mental Illness VS Demonic possessionIn Jesus day,he expelled many
devils from possessed people. And most of those people abc got better when we followed them up.
I wish someone had shared some of the symptoms
of the disease and improve cognition. It depends, of course,
that's exactly what they were because I had panic attacks, but abc of also giving or attaching a
label to something. In fact, they don t. America,
20 off our children are dead, and we see this now, not so much
as reflecting a sort of dissociative disorder.

Have a look at my blog post :: zdrowie ()

Anonymous said...

Entry requirements vary from school to school; at the low end, community colleges are open admission and will take anyone over 16; other universities, of course, are very selective and extremely difficult to get
in to. Most children who exhibit violent or aggressive behaviors suffer from low self esteem and self image.

Find the requirements, then develop a strategy to meet them.


Also visit my web site; tips for getting into college

Anonymous said...

A dirty ball can damage the screen and also leave spots on the
screen. Ober Gatlinburg is a ski resort and has many attractions.
As a matter of fact, we have measurements for oils as well.



Here is my web page ... Euro Truck Simulator 2 Key (Www.Sos.Mn.Gov)

Anonymous said...

I do consider all the ideas you have introduced for your post.

They are really convincing and can definitely work.

Nonetheless, the posts are too brief for beginners.
May just you please lengthen them a little from next time?
Thank you for the post.

Stop by my blog ... take guitar lessons ()

Anonymous said...

Hi I am so happy I found your website, I really found you by error,
while I was looking on Bing for something else, Anyhow I am here now and would
just like to say kudos for a marvelous post and a all round thrilling blog (I also love the theme/design), I don't
have time to look over it all at the minute but I have saved it and
also included your RSS feeds, so when I have time I will be back to read a lot more, Please do keep up the superb work.


Here is my homepage; E Liquid ()

Anonymous said...

Moreover, there are tablets that permit connectivity bluetooth ,
and though this will not enable you connect to the Internet, will be valuable when sharing you have decided to invest in the new
iPad, know that it enables 4G connection , but in our nation this sort of connectivity is not yet presented by any corporation.

Visit my weblog www.acheter-en-Ligne.net

Anonymous said...

Very good written article. It will be beneficial to anyone who
employess it, including me. Keep up the good work - for sure i
will check out more posts.

Anonymous said...

Wonderful beat ! I wish to apprentice while you amend your web site,
how could i subscribe for a weblog website? The account ided me a acceptable deal.
I have been tiny bit acquainted of this your broadcast offered vibrant clear concept