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SMEC Intermediary Financial Institutions
(IFIs)
(As of 11 June
2004)
For
more information, contact:
The Executive Director
Philippine Business for Social Progress
or
The Group Director
Philippine Business for Social Progress -
Small and Medium Enterprise Credit
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“When
the Development Bankers Association of the Philippines
started, it had no office and no staff… Through a grant
from SMEC, they were able to set up an office. This filtered
down to the Chamber of Thrift Banks when we merged…”
-Suzanne
Felix,
Executive Director,
Chamber of Thrift Banks |
| To
qualify, an IFI must be: |
1.
A thrift bank or a rural bank operating
outside of Metro Manila
2. Operational for at least three years
3. Financially stable
4. Governed by sound credit policies
5. Committed to SME development |
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