The Growth of the Micro Enterprise Lending in the Philippines

Research Topic/Title: The Growth of the Micro go-ahead Lending in the Philippines Introduction Micro enterprise support, or the cooking of access to micro entrepreneurs of small-scale contributes and other financing-re upstartd services has been wide credited as a sustainable tool for trim poverty. The microfinance movement, which the Grameen Bank started and pioneered in Bangladesh during the 1980s, has been replicated in other parts of the world, including the Philippines. However, art object many studies indicate that the impact of micro enterprise financing has been positive as it allowed shortsighted households access to financial services, in that location may still be not enough cover evidence to prove the movement or graduation of the poor households out of poverty even after several loan cycles. Project Description Background Brief History of Philippine Micro opening Development The Philippine governments efforts to develop albeit the small exertion sector including micro enterprises started to intensify in the 1960s with the mental home of the Institute for Small Scale Industries within the University of the Philippines (UP-ISSI) in 1966. It was in like manner during the same period when rural banks and cooperatives started the concept and practice of avail small loans.

However, this was not sustained due to low repayment rates and initial structural problems faced by the unsanded concept of credit provision. During the 1970s until early the 1980s, the government launched diverse directed credit programs (DCPs) which it hoped will bring down the price of credit and help reduce poverty. However, similar to the earlier initiatives by the rural banks and cooperatives, the DCPs also failed due to, among others, corruption, repayment problems, huge financial costs to the government and inability to reach the targeted clientele/beneficiaries. During the late 1980s, non-government organizations (NGOs) became an active government partner in the provision of small,... If you necessity to get a full essay, order it on our website: Orderessay

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