Section 13December 11, 1997, Sec./Art. 13

Microfinance program. – The programs and implementing mechanisms of the Social Reform Agenda's Flagship Program on Credit shall be integrated, adopted and further enhanced to effectively support the objectives of this Act along the following thrusts:

(1) Development of a policy environment, especially in the area of savings generation, supportive of basic sector initiatives dedicated to serving the needs of the poor in terms of microfinance services;

(2) Rationalization of existing government programs for credit and guarantee;

(3) Utilization of existing government financial entities for the provision of microfinance products and services for the poor; and

(4) Promotion of mechanisms necessary for the implementation of microfinance services, including indigenous microfinance practices.