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RMC No. 58-2020: Circularizes the Updated List of Accredited Microfinance Non-Government Organizations

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Summary

RMC No. 58-2020 circularizes the Updated List of Microfinance Non-Government Organizations (NGOs) accredited by the Microfinance NGO Regulatory Council (MNRC) as of May 26, 2020.

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Key points

  1. Accreditation validity. Under the IRR of RA No. 10693 (Microfinance NGO Act), a Certificate of Accreditation is valid for three (3) years from the date of issuance. The MNRC may revoke it earlier.

Who is affected

  • Accredited Microfinance NGOs

Deadlines and effectivity

  • List current as of May 26, 2020
  • Certificate valid three (3) years from issuance

Summary by Tax Resources PH. It is not a substitute for the full text of the issuance or professional advice.

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