Microfinance Council of the Philippines

The 2017 MCPI Annual Conference: Embracing New Milestones and Challenges in Microfinance

August 15, 2017adminNews

The Microfinance Council of the Philippines, Inc. (MCPI) held its 2017 Annual Conference with the theme Embracing New Milestones and Challenges in Microfinance on July 27-28, 2017 at the Century Park Hotel, Manila. The conference convened more than 450 microfinance practitioners, funders, government institutions, donors, investors, private sector representatives, and other development organizations to discuss milestones in regulation, products and services, partnerships, and investments in the Philippine microfinance sector and how microfinance players have responded to challenges in serving poor and low-income households. Continue reading…

BSP, Citi and MCPI launch 15th Citi Microentrepreneurship Awards

August 7, 2017adminNews

Nominations now open nationwide for outstanding micro business owners

Manila – Bangko Sentral ng Pilipinas (BSP) Governor Nestor A. Espenilla, Jr. and Citi Philippines CEO Aftab Ahmed led the launch ceremony of the annual Citi Microentrepreneurship Awards (CMA) held at the Century Park Hotel Manila during the annual conference of the Microfinance Council of the Philippines, Inc. (MCPI).

Citi Philippines CEO Aftab Ahmed (leftmost) and BSP Governor Nestor Espenilla, Jr. (2nd from right) led the launch ceremony. They were joined by (from left) CMA national winner Honie Navor, Philippine Daily Inquirer chairperson Marixi Prieto and MCPI chair Fr. Jovic Lobrigo.

Citi Philippines CEO Aftab Ahmed (leftmost) and BSP Governor Nestor Espenilla, Jr. (2nd from right) led the launch ceremony. They were joined by (from left) CMA national winner Honie Navor, Philippine Daily Inquirer chairperson Marixi Prieto and MCPI chair Fr. Jovic Lobrigo.

Now on its 15th year, the awards program has been successful in recognizing entrepreneurs who have overtaken poverty with support from microfinance institutions as partners in financial inclusion and enterprise development. Funded by Citi Foundation, this nationwide search for outstanding Filipino microentrepreneurs is a partnership among BSP, Citi Philippines and MCPI.

In his keynote speech, Governor Espenilla said: “The democratisation of technology, the digital finance policy package of the BSP, and the intensified focus of this government on rural development are just some of the opportunities that the industry should not overlook as it aims to take microfinance to the next level.”
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14th Citi Microentrepreneurship Awards winners recognized in hometown celebrations

April 27, 2017adminNews

Awardees of the 14th Citi Microentrepreneurship Awards (CMA) were recently feted in their hometowns, as the program hosts Bangko Sentral ng Pilipinas (BSP), Citi Philippines and the Microfinance Council of the Philippines (MCPI) campaigned to celebrate their pioneering work through community town halls.

In these engaging town halls, the eight winners from Luzon, Visayas and Mindanao were joined by their family members, friends and co-members from their respective microfinance institutions.

Richel and husband Raul are flanked here by Citi Philippines Director for Public Affairs and Corporate Citizenship Aneth Lim and First Macro Bank President Reginald Ocampo.

Richel and husband Raul are flanked here by Citi Philippines Director for Public Affairs and Corporate Citizenship Aneth Lim and First Macro Bank President Reginald Ocampo.

For Luzon Regional Awardee Richel Vargas, her town hall became a venue to inspire others to take the path of entrepreneurship. The tailor-turned- producer and vendor of accessories for bicycle and motorcycle riders brought a message of hope, perseverance, and encouragement to her employees, relatives, neighbors and friends in Antipolo City, Rizal.

First Macro Bank, the microcredit institution that provided Vargas with her much needed seed capital, was represented by president Reginald Ocampo. In his brief remarks, he encouraged the others present to try their hand in business as well, citing Vargas’ story as one that is worth emulating.
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MCPI holds Social Performance Country Report Dissemination Forum

April 27, 2017adminNews

The Microfinance Council of the Philippines, Inc. (MCPI) conducted the Social Performance Country Report Dissemination Forum on March 29, 2017 at the Century Park Hotel, Manila. The forum aimed to share the status of social performance management in the Philippines to microfinance institutions (MFIs) as well as other stakeholders in the Philippine microfinance sector, such as the government’s regulatory agencies and allied support institutions. Sixty representatives from thirty-two different organizations attended the forum. Continue reading…

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