BSP Initiatives on Microfinance and Financial Inclusion

In 2000, the BSP was mandated by the General Banking Law to recognize microfinance as a legitimate banking activity and to set the rules and regulations for its practice within the banking sector. In the same year, the BSP declared microfinance as its flagship program for poverty alleviation. Since 2000, the BSP has been proactive in the development of microfinance using a three pronged approach: I) To provide the enabling policy and regulatory environment, II) To increase the capacity of the BSP and banking sector on microfinance operations, and III) To promote and advocate for the development of sound and sustainable microfinance operations.

BSP Circulars Related to Microfinance and Financial Inclusion

Financial Inclusion in the Philippines

Year End Reports on BSP Microfinance Initiatives