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Government Partners

The People’s Credit and Finance Corporation (PCFC) was established by virtue of Memorandum Order 261 & Administrative Order No. 148. Republic Act 8425 of 1998 or the Social Reform and Poverty Alleviation Act further strengthened the role of PCFC as the lead government entity specifically tasked to mobilize resources for microfinance services for the exclusive use of the poor.

Following its mandate to provide the poor access to credit and other microfinance services to uplift their economic status, PCFC wholesales short, medium & long term investment loans to accredited Microfinance Institutions (MFIs). These are Rural or Cooperative Banks, Thrift Banks, Non- Government Organizations (NGOs) and Cooperatives that implement credit assistance programs using any proven microfinance lending methodology to finance livelihood projects that can augment the income of targeted poor clients

News and Events

PCFC Joins National Job Fair; Conducts Livelihood Counseling

May 1

5/1/2009 6:38 PM

People’s Credit and Finance Corporation (PCFC) participated in what is known to be the biggest local and overseas jobs fair in the Philippines last May 1, 2009 coinciding Labor Day organized to stir employment amid the global economic crunch that is hitting the country. Dubbed as “Jobapalooza ‘09”, the said event was spearheaded by the Department of Labor and Employment (DOLE) in cooperation with government and private institutions.

Vice President Noli De Castro formally launched the event and was the keynote speaker during the forum. National labor union leaders joined as they inspired thousands of job-seekers to adopt positive outlook while assuring them of bright economic landscape ahead. Representatives from both the government and private institutions; employers, recruitment agencies, local

government units and other government agencies threw full support to the event.

Thousands of jobless Filipinos swarmed the SMX Convention Center at SM Mall of Asia in Pasay City even hours before the opening time. Local and overseas employers offered job opportunities to potential applicants. Other activities such as livelihood skills demonstration, business products display, and distribution of training and scholarship certificates were also conducted.

PCFC’s Mr. Dennis A. Monong, Assistant Vice President for NCR and Southern Luzon Operations, presented PCFC’s microfinance products & services. More than a hundred participants queued at PCFC booth to inquire on how to avail loans for micro business.

PCFC has been actively supporting various government initiatives as it intensifies its mission to generate employment opportunities geared at uplifting the lives of poor Filipinos.

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