The Bangko Sentral ng Pilipinas (BSP) led by Governor Nestor Espenilla, Jr. (center left), Department of Trade and Industry (DTI) led by Secretary Ramon Lopez (center right), Microfinance Council of the Philippines, Inc. (MCPI) led by Mr. Kamrul Tarafder (representing Chairman Jose Victor Lobrigo, left), and Alliance of Philippine Partners for Enterprise Development, Inc. (APPEND) led by Mr. Edgardo Garcia (right) recently entered into a Memorandum of Agreement (MOA) to expand the financing ecosystem of Negosyo Centers. Through this multipartite partnership, financial services will become more accessible to the micro, small and medium enterprises (MSMEs) served by Negosyo Centers across the country.
The MOA institutionalizes information sharing between the Negosyo Center network and microfinance institutions nationwide and covers the development of a financial education program for MSMEs. Illustrating the importance of collaborative effort to improve access to finance by underserved segments, the MOA is envisioned as a model and catalyst for more Negosyo Center partnerships with other financial services industry associations to improve access to finance by MSMEs.
Also in photo are (from left to right): BSP Deputy Governor Chuchi Fonacier, DTI Undersecretary Zenaida Cuison Maglaya, MCPI Executive Director Allan Robert Sicat, and APPEND President and CEO Virginia Juan.
The MOA Signing was held on 17 September 2018.