Microfinance Council of the Philippines
The Microfinance Council of the Philippines, Inc. (MCPI) is a network of 44 institutions working towards the rapid development of the microfinance industry in the Philippines. The 45 institutions include 36 practitioners and 9 service providers. While membership among the practitioners is currently dominated by non-government organizations (NGOs), the roster of practitioners also includes microfinance-oriented rural banks and one thrift bank.
There are two types of membership in MCPI: regular and associate membership. Regular members are institutions engaged in retail microfinance operations; membership is restricted to NGOs, thrift banks, development banks, rural banks, cooperatives, and credit unions. To become a regular member, the MFI must have a minimum number of 1,000 active clients and a loan portfolio outstanding of at least PhP 3 million.
Objectives
- To help members serve significant numbers of poor households with financial and non-financial services.
- To promote the adoption of poverty assessment tools and social performance monitoring systems.
- To promote the adoption of and adherence to international performance standards.
- To advocate for a policy environment that is conducive to the growth and development of a market-oriented microfinance sector.
- To help build members' capacity for innovation that enhances the development of a market oriented microfinance sector.
- To promote market-oriented microfinance products and services.
- To initiate the conduct of international and national forums for best practice microfinance.
- To mobilize resources and to network with government, donors, funding agencies, investors, and financial markets in order to enhance the development of the microfinance sector.
Contact Details:
The Secretariat, Microfinance Council of the Philippines, Inc.
Unit 1909 19th Floor, Jollibee Plaza
Emerald Avenue, Ortigas Center, Pasig City
Phone: (02) 631-5920/6184, TeleFax: (02) 631-5920
Email: secretariat@microfinancecouncil.org
Web: www. microfinancecouncil.org
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