Wednesday, 17 August 2016 00:00

Signing of the IRR of RA 10693 Microfinance NGOs Act.

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" We have to thank God for giving us the privilege to serve the poor!" Cong. Pablo R. Nava III

August 16, 2016, the Implementing Rules and Regulations (IRR) of Republic Act 10693 -An Act Strengthening Non-Government Organizations (NGOs) with micro finance operations for the poor was signed. Congressman Pablo R. Nava. APPEND Partylist representative with Sen Bam Aquino principally authored the Microfinance NGOs Act. Present in the signing are Mr. Angel L. De Leon Jr and Mr. Rolly B. Victoria, founders of APPEND, Dr. Jeng P Juan, President and CEO, Ed Jimenez, KMBI President/CEO, Atty Raineer Chu, APPEND Corp secretary, Gina Marin Exec Director TPKI, Boy Solarte, TSKI ED and APPEND's social solidarity economy advisers Former Mayor Jun Simon and Dr. Ben Quinones.

RA 10693 promises a vibrant local economic development by giving the Microfinance non-government organizations preferential tax treatment as they continue to do social welfare improvement through micro enterprise and Microfinance programs for the poor. The Microfinance NGOs in the Philippines have been helping more than 2 million poor micro entrepreneurial families in the country.
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"He who is kind to the poor lends to the LORD, and HE will reward him for what he has done."

Proverbs 19:17