November 2003

by Ted P. Torres
(November 25, 2003, Tuesday The Philippine Star)

Rural banks named second largest MFI tapping PCFC loans

DAVAO CITY — The Peoples Credit and Finance Corp. (PCFC), the country's main conduit for microfinance lending, has registered a total loan portfolio of P2.35 billion in end September this year, or 17 percent higher than the P2 billion recorded for the whole of 2002. The loan portfolio has been growing by over 25 percent in the past four years.