DAVAO CITY—The Microfinance Council of the Philippines, Inc. (MCPI) has urged the Bureau of Internal Revenue (BIR) not to classify them as a profit institution and help them free up more amount for extending loan and other antipoverty financial services to the rural poor.
Ruben C. de Lara, president of the [...]
DAVAO CITY, Philippines — The loans being offered by microfinance institutions are simply not enough to uplift the lives of the poorest of the poor, according to a ranking official of the Microfinance Council of the Philippines (MCPI).
MCPI is a network of 44 institutions working towards the rapid development of the [...]
