As a major industry player, MCPI serves as the voice of the microfinance community in the country. MCPI advocates for an environment that is conducive to the growth and development of a client-centered and sustainable microfinance sector.
MCPI works closely with the Microfinance NGO Regulatory Council (MNRC) of the Securities and Exchange Commission and the Bangko Sentral ng Pilipinas (on matters related to regulation and accreditation of microfinance institutions (MFIs) to their respective regulators. MCPI spearheaded initiatives related to governance, financial and social performance standards of MFIs. For 18 years, MCPI implemented the Citi Microentrepreneurship Awards (CMA) from 2002 to 2020 in partnership with the BSP and Citi Philippines, funded by Citi Foundation.
Currently, MCPI’s advocacy agenda is focused on COVID-19 recovery of MFIs and microenterprises, accreditation of MF NGOs with the MNRC, and compliance with by MFIs with regulatory standards.