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Nomination of Private Sector Representative to the Microfinance NGO Regulatory Council

  1. 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:

  1. The Chairman of the SEC or designated representative as the Chairman of the Council;
  2. The Secretary of the Department of Trade and Industry (DTI) or designated representative;
  3. The Secretary of the Department of Finance (DOF) or designated representative; and
  4. The Secretary of the Department of Social Welfare and Development (DSWD) or designated representative;

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