In item three (3) of the list of limited transactional banking activities that may be undertaken in a Micro-Banking Office (MBO) which reads as: "(3) Disburse/ release proceeds of micro-loans and collect loan amortization payments and related charges," the collection includes the microfinance borrower's embedded deposits that are part of the loan amortization payments. - https://www.affordablecebu.com/
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BSP Guidance for the Implementation of Circular 694 on the Establishment of Other Banking Offices and Notes on Microfinance
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Bangko Sentral ng Pilipinas (BSP) announces "Guidance for the Implementation of Circular 694 on the Establishment of Other Banking Offices and Notes on Microfinance":
In item three (3) of the list of limited transactional banking activities that may be undertaken in a Micro-Banking Office (MBO) which reads as: "(3) Disburse/ release proceeds of micro-loans and collect loan amortization payments and related charges," the collection includes the microfinance borrower's embedded deposits that are part of the loan amortization payments. - https://www.affordablecebu.com/ Please support us in writing articles like this by sharing this postShare this post to your Facebook, Twitter, Blog, or any social media site. In this way, we will be motivated to write articles you like.
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If you want to use this article or any of the content of this website, please credit our website (www.affordablecebu.com) and mention the source link (URL) of the content, images, videos or other media of our website.  "BSP Guidance for the Implementation of Circular 694 on the Establishment of Other Banking Offices and Notes on Microfinance" was written by Mary under the Banking category. It has been read 2423 times and generated 0 comments. The article was created on 08 June 2011 and updated on 08 June 2011. |
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