MFI NGOs Act Approved on Third and Final Reading



SBA Photo MFI NGO 1 081015


SBA Photo MFI NGO 2 081015

Senator Bam Aquino poses with microfinance non-government organization (NGOs) beneficiaries who witnessed the Senate’s approval of SB No. 2752 or the Microfinance NGOs Act on third and final reading last Monday (August 10, 2015).

The measure aims to strengthen non-government organizations (NGOs) that provide micro financing to the poor who want to start their own business. Aside from loans, microfinance NGOs also provide training programs and seminars to enhance the entrepreneurial skills and financial literacy of their borrowers.

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