Putting the ‘social’ into performance management: A practice-based guide for microfinance
By Anita Campion & Chris Linder
with Katherine E. Knotts
Relative to the implementation of Circular No. 730 dated 20 July 2011 on updated rules in implementing the Truth in Lending Act to enhance loan transaction transparency, Effective Interest Rate (ElR) calculation models illustrative of common loan features are presented herewith (Annexes A-E) for guidance.
The National Credit Council (NCC), an inter-agency body chaired by the Department of Finance (DOF), formulated and approved the Regulatory Framework for Microfinance Institutions in July 2002. The framework specifically directed the NCC, in coordination with concerned stakeholders, to formulate and develop a uniform set of performance standards that will cut across all types of institutions involved in microfinance. Continue reading…