Section 11December 11, 1997, Sec./Art. 11

Purposes of the People's Development Trust Fund (PDTF). – The earnings of the PDTF shall be utilized for the following purposes:

(1) Consultancy and training services for microfinance institutions and their beneficiaries on the establishment of the necessary support services, social and financial preparation of beneficiaries, preparation of plans and programs including fund sourcing and assistance, establishment of credit and savings monitoring and evaluation mechanisms;

(2) Scholarships or training grants for microfinance staff and officers, and selected beneficiaries;

(3) Community organizing for microfinance, livelihood and micro-enterprises training services;

(4) Livelihood/micro-enterprise project/program feasibility studies and researches;

(5) Savings mobilization and incentive programs, and other similar facilities;

(6) Information and communication systems such as baseline surveys, development monitoring systems, socioeconomic mapping surveys, organizational assessments, and other similar activities;

(7) Legal and other management support services such as registration, documentation, contract review and enforcement, financial audit and operational assessment;

(8) Information dissemination of microfinance technology; and

(9) Other activities to support microfinance as approved by the designated agency administering the PDTF.

The PDTF may be accessed by the following:

(a) Registered microfinance organizations engaged in providing micro-enterprise services for the poor to enable them to become viable and sustainable;

(b) Local government units providing microfinance and micro-enterprise programs to their constituents: Provided, That the PDTF shall not be used by the LGUs for personal services and maintenance and other operating expenses; and

(c) Local government units undertaking self-help projects where at least twenty-five percent (25%) of the total earnings of the PDTF shall be used exclusively for the provision of materials and technical services.