Daily Archives | Philippines
Child Labor in Philippines
May 3rd, 2012
READ MOREThe employment of children at regular and sustained labor is an exploitative practice according to several non-governmental organizations. CNN has published a story about the situation in Philippines. Labor children is common in the region of Mindanao where children as …
New MF Awards in Philippines
April 27th, 2012
READ MORENext November five institutions that have pioneered micro-finance services in the country will receive the first Rafael B. Buenaventura Awards for Outstanding Microfinance Institutions, also known as the “Paeng Awards”. The awards honor the late former governor of Bangko Central …
8 in 10 Filipinos Have no Bank Account
April 20th, 2012
READ MOREAccording to the survey released by the Bangko Sentral ng Pilipinas the majority of Filipinos have no bank deposit account. The Consumer Finance Survey showed that 88.5% did not have a deposit account because “they do not have enough money …
Lower Tax Rate for MFIs in Philippines
April 12th, 2012
READ MOREMicro Finance institutions keep flourishing in Philippines, as we have reported several times in our news site. This has been possible thanks to the government’s support. In a new effort to boost the sector a lawmaker, Senator Franklin M. Drillon, …
MF Indicators Keeps Growing in Philippines
February 15th, 2012
READ MOREIn previous notes of kandeofund.com we have mentioned the successful development of microfinance and microinsurance schemes in Philippines, thanks to the strong institutional framework offered by the country’s central bank. The Bangko Sentral ng Pilipinas has just announced that between …
Microfinance Keeps Growing in Philippines
January 31st, 2012
READ MOREThe Bangko Sentral ng Pilipinas, the Central Bank of Philippines reported that 198 banks in that country have lent US 165 billion to almost one million borrowers during the year June 2010 – June 2011. Among the 198 lenders there …
Philippines: Credit Bureau for Microfinance
January 13th, 2012
READ MOREIn Philippines a new credit bureau for micro-borrowers has been formed. The Bangko Sentral ng Pilipinas considers that the new institution should help boost growth in lending. The credit bureau was created through a memorandum of agreement signed by the …
The Financial Power of the Poor
January 3rd, 2012
READ MOREIn an article published by Business World Online (a Philippine news site) columnist Washington Sycip proposes a New Year’s resolution for business community: to step up personal efforts to help reduce poverty in his country. The author highlights microfinance’s achievements …
Philippines: a New Ceiling for MF Loans
November 29th, 2011
READ MOREBangko Central ng Pilipinas, the financial regulator of the Pacific country where microfinance has flourished in the last decade, is reviewing the official norms for microfinancing. Analysts say that it may soon raise the ceiling for microfinance loans to allow …
Insuring a Brighter Future in Philippines
November 25th, 2011
READ MORECharles Colon, financial analyst in Oxford Business believes that the Philippine insurance industry is beginning a period of solid growth. The state and the private sector are encouraging the public to embrace insurance as a way of life and try …