Summary
RMC No. 118-2024 circularizes the Updated List of Accredited Microfinance Non-Government Organizations (NGOs) accredited by the Microfinance NGO Regulatory Council (MNRC) as of August 12, 2024.
Key points
- Accreditation validity. Under the IRR of RA No. 10693 (Microfinance NGOs Act), a Certificate of Accreditation is valid for three (3) years from issuance. The MNRC may revoke it earlier for good cause after review.
- Contents of the list. The list includes twenty-three (23) Accredited MF-NGOs for the periods 2022 to 2025, 2023 to 2026, and 2024 to 2027.
Who is affected
- Accredited Microfinance NGOs
Deadlines and effectivity
- List as of August 12, 2024
- Certificate of Accreditation 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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