MCPI
Code of Ethics
In October 2002, the members of the
Microfinance Council adopted the microfinance
institutions’ Code
of Ethics. The formulation of
the Code is a follow-up action to concerns about
unhealthy competition raised at the previous
Annual General meeting held on September 11,
2002. The Code was formulated to define a code
of conduct for institutions engaged in
microfinance. It sets out expected institutional
behavior of MFIs towards clients,
co-microfinance institutions, staff, and defines
relations with funding agencies, loan providers
and government agencies.
Performance Standards for All Types of
Microfinance Institutions in the Philippines
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. These standards will serve as the
microfinance industry benchmarks to allow the comparison
of performance among all institutions engaged in the
delivery of microfinance services. These benchmarks will
also guide regulators in the assessment of financial
institutions under their supervision. The Performance
Standards for All Types of Microfinance Institutions are
based on international best practices, industry
benchmarks, and ratios that are being used by different
players in the microfinance industry.
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