|
|
|
  |
|
Our
Mandate |
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, (RBs or CRBs),
Thrift Banks (TBs), I.e. Financial Institutions (FIs), 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.
PCFC also
provides institutional credit to program partners for capability building
activities as well as for expenditures or asset acquisitions related to the
lending program. |
|
