Micro Finance
Microfinance Council of the Philippines, Inc.
Brief History
The Microfinance Council of the Philippines, Inc. (MCPI) is a network of 41 institutions working towards the rapid development of the microfinance industry in the Philippines. The 41 institutions include 34 practitioners and 7 service providers. While membership among the practitioners is currently dominated by non-government organizations (NGOs), the roster of practitioners also includes microfinance-oriented rural banks, one thrift bank, and one credit cooperative.
In 1996, a group of microfinance NGOs in the Philippines initiated the “Developing Standards for
Microfinance Project”, to address the lack of capacity of Philippine MFIs to reach the poor on a sustainable basis. The project was funded by the US Agency for International Development’s
(USAID) mission in the Philippines and its goal was to develop performance standards to achieve increased outreach and sustainability. To achieve this goal, key players in the microfinance industry came together and formed the Philippine Coalition for Microfinance Standards. The
Coalition was comprised of 69 institutions and represented most of the key stakeholders working in microfinance in the Philippines.
In 1998, the Coalition’s Policy Advisory Group agreed “to establish an institution that will continue the work of the Coalition beyond the life of the Standards Project”. The institution was named the
Microfinance Council of the Philippines, Inc. and became a legally registered institution in 1999.
MCPI’s vision is to be a world-class national network of microfinance institutions providing sustainable, innovative, and client-responsive solutions to poverty reduction. MFIs with sizeable operations are members of MCPI.
As of December 2004, the MCPI network has a total outreach of 732,384 active borrowers with a gross loan portfolio of PhP 3.2 billion.
Involvement in Microfinance
MCPI’s vision is to be a world-class national network of
Brief History
The Microfinance Council of the Philippines, Inc. (MCPI) is a network of 41 institutions working towards the rapid development of the microfinance industry in the Philippines. The 41 institutions include 34 practitioners and 7 service providers. While membership among the practitioners is currently dominated by non-government organizations (NGOs), the roster of practitioners also includes microfinance-oriented rural banks, one thrift bank, and one credit cooperative.
In 1996, a group of microfinance NGOs in the Philippines initiated the “Developing Standards for
Microfinance Project”, to address the lack of capacity of Philippine MFIs to reach the poor on a sustainable basis. The project was funded by the US Agency for International Development’s
(USAID) mission in the Philippines and its goal was to develop performance standards to achieve increased outreach and sustainability. To achieve this goal, key players in the microfinance industry came together and formed the Philippine Coalition for Microfinance Standards. The
Coalition was comprised of 69 institutions and represented most of the key stakeholders working in microfinance in the Philippines.
In 1998, the Coalition’s Policy Advisory Group agreed “to establish an institution that will continue the work of the Coalition beyond the life of the Standards Project”. The institution was named the
Microfinance Council of the Philippines, Inc. and became a legally registered institution in 1999.
MCPI’s vision is to be a world-class national network of microfinance institutions providing sustainable, innovative, and client-responsive solutions to poverty reduction. MFIs with sizeable operations are members of MCPI.
As of December 2004, the MCPI network has a total outreach of 732,384 active borrowers with a gross loan portfolio of PhP 3.2 billion.
Involvement in Microfinance
MCPI’s vision is to be a world-class national network of