In 2016, MCPI adopted Green Inclusive Finance (GIF) as one of the main components of the MCPI Institutional Strengthening Program (MISP). Continue reading
Eduardo Azores of Koronadal City, South Cotabato was named National Winner during the recent awarding ceremonies of the 17th Citi Microentrepreneurship Awards (CMA) held at the Bangko Sentral ng Pilipinas (BSP) in Manila. This microentrepreneur successfully developed variants of a food product and wisely used his initial success to grow his business and brand.Continue reading
Dear MCPI Members,
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.
Incumbent representatives are: Fr. Jose Victor Lobrigo – Luzon; Mr. Angel de Leon Jr. – Visayas; and Atty. Ibarra Malonzo – Mindanao. Their terms will expire on 27 January 2020, but they can be reappointed.
As a network composed primarily of microfinance NGOs, MCPI is entitled to submit a list of nominees for the allotted positions. In view of this, we would like to solicit names for potential members to serve on the MNRC as microfinance NGO sector representative, who will serve a three-year term and may be reappointed. Your organization shall submit the name of one nominee only, including the nomination form, and specify which island group he/she will be representing (i.e., Luzon, Visayas, or Mindanao). The representatives to be chosen shall have the following minimum qualifications:
- Citizen and resident of the Philippines for at least two (2) years immediately prior to their nomination;
- With at least five (5) years experience as a Trustee, President or Officer of a Microfinance NGO; and a recognized and well-respected leader and/or practitioner in the Philippine microfinance sector;
- No record of final conviction for an offense involving theft, fraud, falsification, forgery, perjury or any administrative offense or crime involving moral turpitude; and
- A person of known probity, integrity and good moral character.
Attached is the guide for the nomination, including important dates related to the nomination and election process.
Thank you very much.
Allan Robert I. Sicat
Microfinance Council of the Philippines, Inc.
In celebration of the 20th Anniversary of the Microfinance Council of the Philippines, Inc. (MCPI), key microfinance stakeholders convened during the 2019 MCPI Annual Conference held on July 25-26, 2019 at Manila Prince Hotel, Ermita, Manila. The event was attended by 630 microfinance institutions, funders, government institutions, donors, investors, and other developmental organizations that actively participated in the discussions related to this year’s theme Transforming Microfinance through Digitalization and how developments in the microfinance sector over the past two decades will serve stakeholders in the next two decades.Continue reading
The search for the country’s most successful microentrepreneurs is on, with the launch of the annual Citi Microentrepreneurship Awards (CMA) held on June 18, 2019 at the Bangko Sentral ng Pilipinas (BSP).
Bangko Sentral ng Pilipinas governor Benjamin E. Diokno and Citi Philippines chief executive officer Aftab Ahmed led the launch of the 17th CMA, which honors microentrepreneurs who have overcome poverty by partnering with microfinance institutions that support the government’s financial inclusion and enterprise development initiatives.
Funded by Citi Foundation, the nationwide search is a partnership among BSP, Citi Philippines and the Microfinance Council of the Philippines, Inc. (MCPI).
“The partnership with MCPI and Citi Philippines remains one of BSP’s cornerstones in stakeholder engagement for financial inclusion. The Citi Microentrepreneurship Awards, as the fruit of such remarkable partnership, serves as an important platform to convey the message that collaboration with a strong shared vision, coupled with responsive policies and reforms, can bring the best out of the Filipino people,” said Governor Diokno.
This year’s National Selection Committee is headed by Governor Diokno and Aftab Ahmed. Committee members include notable industry and community leaders such as Trade Secretary Ramon M. Lopez; SM Investments Corporation vice-chair Tessie Sy-Coson; Ayala Corporation president Fernando Zobel de Ayala; JG Summit Holdings, Inc. president and CEO Lance Y. Gokongwei; RFM Corporation president and CEO Jose Ma. A. Concepcion III; former Philippine Daily Inquirer chair Marixi Rufino-Prieto; University of the Philippines Diliman Chancellor Dr. Michael L. Tan; Samahan ng mga Pilipina para sa Reporma at Kaunlaran (SPARK!) Philippines president Imelda M. Nicolas; and MSME Development Council Mindanao private sector representative Mary Ann Montemayor.
“We are thrilled that after 17 years, the CMA continues to provide economic empowerment opportunities for microentrepreneurs, including a growing number of young people. We take pride in the fact that this initiative has helped us make a meaningful and lasting contribution on the diversity front. A sizeable percentage of the award recipients have been women and the program has empowered them and helped them improve the lives of their families and communities,” said Ahmed.
During the launch, Youth Microentrepreneur of the Year winner Mary Grace Bayalas shared, “My win at the 2018 CMA helped me expand my business. It was not only the cash prize that was important but also the skills and knowledge I acquired from the training that CMA provided. I also deeply value the connections I have made with fellow microentrepreneurs.”
The awards program is open to microenterprises with asset size of less than PhP3 million. The CMA will recognize one National Winner; regional awardees from the three major island groups (Luzon, Visayas, and Mindanao); a Youth Microentrepreneur of the Year; and three special awards that are open to different categories including agriculture, green/sustainable business, community leadership, startup micro-business, persons with disabilities, social innovation, financial technology/digital enterprise, and preservation of traditions.
The CMA national winner will receive PhP200,000; while the three regional awardees, youth awardee, and special awardees will each get PhP100,000. Loan officers and MFI branch partners of the awardees will get a cash incentive of PhP10,000. Semi-finalists will get a cash incentive of PhP10,000 as well. Aside from cash prizes, winners will receive microinsurance coverage and a nine-day entrepreneurship training at the Citi Microenterprise Development Center, a laptop, and basic computer training. They also gain automatic membership to the CMA Alumni Network to build their market connections and to participate in a mentoring program that will help them further improve their businesses.
Since its introduction in 2002, when Citi marked its 100th year in the Philippines and in Asia, over 100 microentrepreneurs has been honored by the CMA. This year’s winners will be announced in the awarding ceremonies on November 26, 2019 at the BSP.
On December 5-6, 2018, the Microfinance Council of the Philippines, Inc. (MCPI), in partnership with the Advancement of Microenterprise Development NGOs, Inc. (AMED), conducted an Introductory Training on Client Protection at the Orchid Garden Suites, Manila. Continue reading
Manila, December 7, 2018 – An entrepreneur’s innate ability to fish deep for innovative ideas to propel his fishball-making business to success earned him the top spot in the 2018 Citi Microentrepreneurship Awards (CMA), a program funded by the Citi Foundation and hosted in partnership with the Bangko Sentral ng Pilipinas (BSP), and the Microfinance Council of the Philippines, Inc.Continue reading
Dear Members and Partners,
Greetings from the Microfinance Council of the Philippines, Inc. (MCPI)!
As a follow-up to the Corporate Governance and Risk Management Workshops conducted in 2017 and 2018, MCPI will conduct an Orientation on the Articles of Incorporation and By-Laws, and Manual on Good Governance Manual for Microfinance NGOs on December 6, 2018. Venue of the orientation is at the ASA Philippines Office, 15th Floor, Prestige Tower, F. Ortigas Jr. Road, Ortigas Center, Pasig City.
The orientation introduces microfinance NGOs to the governance templates developed by the Microfinance NGO Regulatory Council (MNRC). It also aims to guide MF NGOs to appropriately integrate the templates in their respective institutions and familiarize them with the policies, guidelines and procedures in the issuance of Tax Identification Number (TIN) of clients. The one-day orientation is being conducted in preparation for compliance of MF NGOs with the MNRC’s accreditation requirements in 2019 for taxable year 2018.Continue reading