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RMC No. 118-2023: Circularizes the Updated List of Accredited Microfinance Non-Government Organizations (NGOs) as of September 2023

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Summary

RMC No. 118-2023 circularizes the Updated List of Accredited Microfinance Non-Government Organizations (NGOs) as of September 2023.

Key points

  1. Validity of accreditation. Under the IRR of RA No. 10693 (Microfinance NGOs Act), a Certificate of Accreditation is valid for three (3) years from issuance unless the Microfinance NGO Regulatory Council (MNRC) revokes it earlier.
  2. Contents of the list. The list includes Accredited MF-NGOs for the periods 2022 to 2025 and 2023 to 2026. It also includes the MF-NGO Certificate of Accreditation revoked by the MNRC effective September 27, 2023.

Who is affected

  • Accredited Microfinance NGOs

Deadlines and effectivity

  • List as of September 2023
  • Accreditation valid for three (3) years from issuance
  • One certificate revoked effective September 27, 2023

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

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