Digital champions honored in 1st DFIA
Outstanding microentrepreneurs and microfinance institutions (MFIs) who have successfully transitioned their business to harness digital solutions have been honored at the 1st Digital Financial Inclusion Awards (DFIA) on December 6, 2022.
MCPI recognized as Sustainability and Corporate Governance Champion by the SEC
For the third consecutive year, the Microfinance Council of the Philippines, Inc. (MCPI) was recognized by the Securities and Exchange Commission (SEC) as Sustainability and Corporate Governance Champion during its 86th Founding Anniversary and Recognition Ceremony held on November 12, 2022 at the SEC Headquarters in Makati City. Present during the event were SEC Chairperson Emilio B. Aquino and Department of Finance Secretary Benjamin E. Diokno. MCPI Executive Director Allan Robert I. Sicat received the award on behalf of the Board, members, and staff of MCPI.Continue reading
Nomination of MF NGO Representatives to the Microfinance NGO Regulatory Council 2023-2026
Dear MCPI Members,
Greetings from the Microfinance Council of the Philippines, Inc. (MCPI)!
Rule 3, Section 1.b. of the Implementing Rules and Regulations (IRR) of Republic Act No. 10693, otherwise known as the Microfinance NGOs Act, provides that three (3) representatives from the Microfinance NGO Sector shall be chosen by at least a majority of the permanent members of the Council from among the nominees of organizations, associations, and alliances of Microfinance NGOs duly registered with the SEC.Continue reading
Stakeholders join the 2022 MCPI Annual Conference – Microfinance: Thriving through Uncertainties
Key microfinance stakeholders convened during the 2022 Annual Conference of the Microfinance Council of the Philippines, Inc. (MCPI) on August 24-25, 2022 at Century Park Hotel, Manila. The event was attended by close to 600 participants from microfinance institutions, government institutions, donors, investors, and other developmental organizations that actively participated in the discussions related to this year’s theme Microfinance: Thriving through Uncertainties. During the event, speakers and participants discussed how the microfinance sector have become more resilient and relevant during uncertainties such as the COVID-19 pandemic, economic shocks, and natural disasters. During the conference, the newly-elected MCPI Board of Trustees for 2022 – 2023 took their oath of office: (from left) Mr. Rene Cristobal, Mr. Gilbert Stephan Maramba, Ms. Ma. Rosario Apostol, Ms. Jane Manucdoc, Mr. Jimmy Ramos (representing Ms. Mercedes Abad), Fr. Rex Paul Arjona, Mr. Dexter Flores, Mr. Ritzie Mar Apaitan, Mr. Arnold Parcutilo, and Mr. Allan Robert Sicat.
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MCPI and Grameen Foundation Partnership on Reducing Incidences of Child Labor and Harmful Work Conditions in Economic Empowerment Initiatives
The U.S. Department of Labor (USDOL-ILAB), Grameen Foundation, and the American Bar Association Rule of Law Initiative (ABA-ROLI) developed a new toolkit under its collaborative project Reducing Incidence of Child labor and Harmful Conditions of Work in Economic Strengthening Initiatives (RICHES). The RICHES toolkit, both in paper and digital form aims to help the policymakers, microfinance institutions (MFIs), and other financial service providers who work with women ensure that women-led enterprises can improve livelihoods responsibly without resorting to child labor or other harmful labor practices.
MCPI Bags Good Corporate Governance Champion Award
The Microfinance Council of the Philippines, Inc. (MCPI) was recognized by the Securities and Exchange Commission (SEC) as Good Corporate Governance Champion during its virtual 85th Founding Anniversary and Recognition Ceremony held on November 12, 2021. MCPI has been given this recognition by the SEC for two consecutive years. MCPI has been assisting the Microfinance NGO Regulatory Council (MNRC) of the SEC in gathering relevant data, supporting regulatory compliance and accreditation of MF NGOs, and setting financial and social performance standards for MF NGOs.
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18th CMA Winners Announced
June 15, 2021. Filipino innovation and “bayanihan spirit” took center stage at the 18th Citi Microentrepreneurship Awards (CMA), where ten innovative, resilient, and hardworking Filipino microentrepreneurs were recently honored. The 10 awardees were picked by distinguished members of the business and financial community led by Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno and Citi Philippines Chief Executive Officer Aftab Ahmed.Continue reading
Nomination of Private Sector Representative to the Microfinance NGO Regulatory Council
- Background
Republic Act No. 10693, An Act Strengthening Nongovernment Organizations Engaged in Microfinance, provides that the Microfinance NGO Regulatory Council (MNRC) shall be composed of four (4) permanent members from the government sector and three (3) members from the Microfinance NGO sector: The permanent members of the Council shall be composed of the following:
- The Chairman of the SEC or designated representative as the Chairman of the Council;
- The Secretary of the Department of Trade and Industry (DTI) or designated representative;
- The Secretary of the Department of Finance (DOF) or designated representative; and
- The Secretary of the Department of Social Welfare and Development (DSWD) or designated representative;