DESPITE the gains of the rural banking industry in extending credit to the agricultural and agrarian reform sectors, much work still has to be done to encourage rural folk to maximize the opportunity of getting into a formal financial system.
At the 35th Mindanao Credit Conference held in Davao City, Bangko Sentral ng Pilipinas Deputy Governor Nestor Espenilla Jr. highlighted the results of the National Baseline Survey on Financial Inclusion (NSFI), which was completed early this year.
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