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Financial linkages in the Philippines: constraints and success factors
Poverty incidence and income inequality in the Philippines rates among the highest in Asia. Microenterprises are the dominant source of employment and income for the majority of the population, but in the past an oppressive financial policy hindered the flow of small loans from formal
banking institutions to microenterprises. This article examines the People's Credit and Finance Corporation (PCFC) and its linkages with downstream financial intermediaries as a successful strategy for improving the flow of financial services in rural Philippines.
banking institutions to microenterprises. This article examines the People's Credit and Finance Corporation (PCFC) and its linkages with downstream financial intermediaries as a successful strategy for improving the flow of financial services in rural Philippines.
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