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Aug
17

PHL officials sign IRR on Microfinance NGOs Act

GMA News Online published an article titled “PHL officials sign IRR on Microfinance NGOs Act.” The article reads in part as follows:

“Philippine officials on Tuesday signed the implementing rules and regulations (IRR) of the Microfinance NGOs Act, a measure opening up government funding to Filipinos who plan to open up small businesses in the country but are considered as “unbankable” loan clients.

Under Republic Act (R.A) No. 10693, aspiring small entrepreneurs who do not have access to financial products and services can team up with accredited microfinance nongovernment organizations (NGOs) that will provide them with convenient, flexible, and low-interest credit.

The measure was signed into law by then-President Benigno Aquino III on November 3, 2015. ”

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