microfinance institutions

Bam: MFI NGOs provide lower-interest, no-collateral loans to poor, micro-businesses

Rather than be burdened by high-interest loans collected by loan sharks and other informal lenders, Sen. Bam Aquino encouraged the public to approach m​icrofinance non-government organizations (​MFI ​NGOs) for lower-interest and no-collateral financing.

“Madali nga ang proseso ng pangungutang sa 5-6 subalit pinapatay naman tayo sa laki ng interes sa kanilang mga pautang,” said Sen. Bam.

 “Upang hindi na tayo mabigatan sa malaking interes, subukan nating lumapit sa mga MFI NGOs sa iba’t ibang bahagi ng bansa na nagbibigay ng pautang sa mas mababang interes at walang kolateral,” added Sen. Bam.

Sen. Bam explained that some micro-business owners were forced to close shop due to the high interest being collected by loan sharks. But businesses flourished after obtaining loans and undergoing training from different MFI NGOs in the country.

 “Huwag sayangin ang kita sa malaking interes na sinisingil ng 5-6,” said Sen. Bam.

 Aside from low-interest loans, MFI NGOs also provide clients with trainings and other business development skills that they can use to grow their livelihood. MFI NGOs also help in community organizing and values formation and offer other services like insurance and education and health-related loans to their regular clients.

Before he was elected as senator, Sen. Bam worked with MFI NGOs as a social entrepreneur.

During his term as chairman of the Committee on Trade, Commerce and Entrepreneurship in the 16th Congress, Sen. Bam sponsored and co-authored Republic Act 10693 or the Microfinance NGOs Act to ensure MFI NGOs continue to operate and serve poor Filipino communities.

 Sen. Bam said the MFI NGOs Act will help eradicate 5-6 by giving Filipinos an alternative means to obtain low-interest, no-collateral loans.

Republic Act 10693 gives incentives to MFI NGOs to continue helping Filipinos overcome poverty not just through financing but also through financial literacy, livelihood, and entrepreneurship training.

The law also provides MFI NGOs needed support and incentives that includes access to government programs and projects, technical assistance and exemption from taxes.

 In addition to the MFI NGOs Act, Sen. Bam will be looking into other measures where government can further support the MFI sector.

 Microfinance NGOs have been operating in the country since 1986. According to latest data, MFI NGO members of the Microfinance Council of the Philippines, Inc. (MCPI) have five million active borrowers.

 For a full list of MFI NGOs in the country, please visit http://www. microfinancecouncil.org/ regular-members/.

Bam: Support Microfinance NGOs to end 5-6, loan sharks

Sen. Bam Aquino called on the government to strengthen microfinance institutions (MFIs) in the country to give millions of Filipinos a better alternative from loan sharks and other informal lenders that burden them with unreasonable and high interest rates.

“Dapat palakasin ng pamahalaan ang ating microfinance institutions upang tuluyan nang magwakas ang pagdepende ng mga Pilipino sa 5-6 na naniningil ng sobra at hindi makatwirang interes na lalo pang nagpapahirap sa kanila,” said Sen. Bam.

 “Sa tulong ng Microfinance NGOs, mayroon nang alternatibong malalapitan ang mahihirap at maliliit na negosyante para makakuha ng pautang sa mababang interes at walang collateral,” the senator said.

 Sen. Bam made the pronouncement after it was reported that around three million Filipinos, mostly small entrepreneurs, are indebted to loan sharks and informal lenders.

 Despite the high interest, many Filipinos are enticed to obtain financing from loan sharks because they are not required to submit documentary requirements and collateral, unlike in banks.

 “Hindi na tayo kailangang kumapit sa patalim at kumagat sa 5-6 dahil mayroon tayong microfinance NGOs na handang magbigay ng pautang sa mababang interes at walang collateral,” Sen. Bam said.

 Microfinance NGOs provide Filipinos access to low-interest, no collateral loans to pay for housing, medical, and educational needs as well as loans for small businesses.

 Sen. Bam was the principal sponsor and co-author of Republic Act 10693 or the Microfinance NGOs Act during his term as chairman of Committee on Trade, Commerce and Entrepreneurship in the 16th Congress.

 “Layunin ng batas na ito na mailayo ang mahihirap sa malaking interest na sinisingil ng loan sharks at masusuportahan ang pagnanais ng gobyerno na mabura ang talamak na 5-6,” he said.

The law gives incentives to microfinance NGOs to continue helping Filipinos overcome poverty not just through financing but also through financial literacy, livelihood, and entrepreneurship training.

The law also provides microfinance NGOs needed support and incentives that includes access to government programs and projects, technical assistance and exemption from taxes.

7 Tips Para Makakuha ng Kapital Para Sa Pinapangarap Na Negosyo

listahan

By ListAvengers

 

Marami sa ating mga Pilipino ang may pangarap na makapagnegosyo. Kaya lang, mahirap ding makakuha ng kapital para makapag-umpisa.  Narito ang ilang tips para makahanap ng puhunan. Negosyo, now na!

1. Mangutang. Lapitan ang inyong mga BFF, kapalan ang mukha at mag promise na babayaran mo siya with interest. Siguraduhin lang na magbayad nang tama sa oras para hindi ma-FO (Friendship Over).

Pwede ring lumapit kina Mama at Papa. Magdrama at magparinig na nais mong magtayo ng negosyong swak na swak pero kulang ang pera sabay buntong-hininga. Siguraduhing naririnig ka nila habang nag momonologue at magbayad para makaulit.  Huwag lang masyadong atat na kunin ang mana.

keepcalm

 

2. Makipagpartner. Para hindi lang ikaw ang papasan ng problema, humanap ng karamay sa negosyo. Kung may mga kamag-anak o malapit na kaibigan na OFW, i-message at i-impress sila sa iyong business proposal. Gumawa ng powerpoint presentation, kumanta, o umiyak para ma-eengganyo silang mag-invest at makipagpartner sa iyo!

OFW

 

 

3. Mag-ipon. Gutumin ang sarili. Kung apat na beses kumakain sa isang araw, gawin na lang dalawa para may maipon. Mag 3 in 1 na kape na lang imbis na frappucino.  Mag-order ng 1 rice imbis na 2.  Maglakad mula Taft hanggang Santolan imbis na mag-MRT. Nakaipon ka na, nakapag-diet ka pa. Kung hindi mo naman kaya, ibenta ang mga gamit na hindi mo na napapakinabangan. Nagkapera ka na, nabawasan pa ang kalat sa iyong kwarto. Huwag mo lang ibenta ang atay mo.

savings

 

 

4. Makipagsapalaran sa mga pacontest ng barangay. Tamang-tama, Mayo ngayon at patok ang mga amateur singing contests, dance contests at mga pa-liga sa barangay. Kung hindi palarin sa sariling lugar, dumayo sa ibang barangay para more chances of winning. Kung may beauty ka namang pang rampa, pwede ring patulan ang mga Santacruzan at beauty contests, siguraduhin lang na mas malaki ang premyong matatanggap kaysa sa pinambayad sa gown na isusuot.

amateursingingcontest

 

 

5.Tumaya sa Lotto. Libre ang mangarap kaya tumaya nang tumaya sa lotto. Malay mo suwertehin ka at lumabas ang numerong inaalagaan mo. Yun nga lang, 1 in 30 million ang chances of winning sa lotto, mas mahirap pa sa chance mong magaka-boyfriend or girlfriend, kaya kailangan ng matinding pasensya at dasal.

lotto

 

 

6. Mag-Loan.  Kung may pang kolateral, maaaring umutang sa bangko. Gawing kolateral ang anumang ari-arian, huwag lang ang ari-arian ng ibang tao, baka ma-asunto.

landbankloan

 

 

7. Lumapit sa isang Microfinance Institution. Kung wala ka namang pang kolateral, tamang-tama ang mga microfinance institutions dahil mas mababa ang kanilang interes kaysa sa 5-6. Bisitahin ang www.microfinancecouncil.org, mag-e-mail sa mcpi.ph@gmail.com o tumawag sa (02) 6316184 upang malaman ang pinakamalapit na MCPI sa lugar ninyo. Mahirap nang maligaw kaya maniguro.

Kasagana Microfinance

 

 

Kung mayroon kayong naiisip na lis7ahan at nais maging miyembro ng Listavengers, mag-e-mail sa team.bamaquino@senado.ph!

 

 

 

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