Republic Acts1 min read
Section 3Sec./Art. 3
Personal notes Saved on this device
0 / 5,000 charactersReport page issue
Answer First
Primary Text
Statement of Objectives. The purposes of this Act are as follows:
(a) Encourage, promote and assist in the creation and organization of CSF Cooperatives, which shall be vested with juridical personality;
(b) Enhance the creditworthiness of MSMEs, cooperatives, and NGOs, and broaden their access to the credit facilities of banks;
(c) Sustain the continuous flow of credit in the countryside through the establishment of well and prudently managed CSFs which shall serve as surety covers;
(d) Build up the capability of cooperatives and NGOs in the areas of credit evaluation, loan and risk management, and good governance principles;
(e) Generate more employment and contribute to the poverty alleviation program of the government through increased investments and economic activities; and.
(f) Strengthen the CDA by providing it with powers and resources to enable it to effectively regulate cooperatives, including CSF Cooperatives.
Use With Care
Definitions and exceptions often appear before or after this text.
Court decisions may interpret, limit, or apply this provision.
Confirm amendment, repeal, effectivity, and official publication.