Mr. Dennis Monong from the People’s Credit and Finance Corporation puts the role microfinance plays in times of uncertainty in perspective. (Jan 29, PACAP Community Development Fourm - Microfinance Amidst the Global Financial Crisis)

1. Microfinance and The Global Financial Crisis By Dennis A. Monong People’s Credit and Finance Corporation

3. People’s Credit & Finance Corporation “ The lead government entity specifically tasked to mobilize resources from both local and international funding sources for microfinance services for the exclusive use of the poor” - Republic Act 8425: Social Reform and Poverty Alleviation Act

4. PCFC MANDATE : to provide the poor with access to credit STRATEGY : Wholesale Lending to accredited microfinance institutions

5. Investment Loans (livelihood) Institutional Loans (MFI strengthening) Poor MFI LOANS Capacity Building Peoples Devt. Trust Fund THE PCFC MICROFINANCE PROGRAM COMPONENTS

7. PCFC’s Accomplishments

9. PCFC PARTNER- MFIs Number of MFIs, By Type As of December 2008

10. End client Outreach July 2004: 1,184,167

11. Loan Volume (‘Php Million’) Cumulative Loan Releases Outstanding Loans

12. Loan Volume (‘Php Million’) loan releases by year

13. Status of Philippine Microfinance Industry

17. Sources of data: MFPC Secretariat. Over all Accomplishments on Microfinance and SEA –K As of October 2008

18. ACTIVE MICROFINANCE CLIENTS, BY SECTOR

19. ACTIVE MICROFINANCE CLIENTS, BY LIVELIHOOD ACTIVITY

20. LOAN RELEASES, BY SECTOR

21. LOAN RELEASES, BY LIVELIHOOD ACTIVITY

22. Impact of the Global Financial Crisis on Microfinance

26. Loan Volume (‘Php Million’) PCFC loan releases by year

27. Sources of data: MFPC Secretariat. Over all Accomplishments on Microfinance and SEA –K As of October 2008

31. Thank you and Have a Good Day….