THE Securities and Exchange Commission (SEC) on Friday explained how microfinance non-government organizations or NGOs can be accredited under Republic Act No. 10693 or the Microfinance NGOs Act following the recent signing of its implementing rules and regulations (IRR).

The new law, which seeks to engage microfinance NGOs to promote pro-poor financial and credit services, provides for the formation of a Microfinance NGO Regulatory Council.

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