Technical Assistance on Enhancing
Access of the Poor to Microfinance Services in Frontier Areas
(TA 4544)
A technical assistance (TA) was made possible
via grant support by the Asian Development Bank to increase
access and efficiency of microfinance services for the poor
in frontier areas that have little or no access to formal
or semiformal financial services. Microfinance is recognized
as the central strategy for poverty reduction in the Philippines
under Republic Act 8425 or the Social Reform and Poverty Alleviation
Act and is an important part of President Arroyo's 10-point
agenda.
The purpose of the TA is to support the development
of a sound and viable financial system that can provide efficient
and sustainable microfinance services for the poor, enabling
them to pursue economic opportunities and income-generating
activities. The TA will provide (i) capacity building to microfinance
institutions (MFIs) in frontier areas to increase skills and
best practices in microfinance, and (ii) education for poor
and low-income groups on microfinance services.
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