The number of Filipinos borrowing small-scale loans continues to grow this year as a result of a more liberal banking regulations, the central bank governor said on Tuesday.
“We are able to craft policies and programs to keep the microfinance industry strong and healthy. This synergy between micro entrepreneurs and other industry stakeholders has produced solid results,” Bangko Sentral ng Pilipinas (BSP) Governor Amando Tetangco Jr. said at the awarding ceremony for the 14th Citi Microfinance Awards (CMA).
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