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 [...]
[Guest blog post: Ankit Sharma is a Masters student at the Information Systems and Innovation Group at the London School of Economics. He is currently interning with Ushahidi. His interests include studying the role of information and communication technologies in aggregating crisis information and managing crisis response.]