According to Amando M. Tetangco Jr., Governor of the Central Bank of the Philippines (BSP), over the past decade the total portfolio of microfinancing activities by the country’s banks has reached PhP 7 billion ($161 million).
According to Amando M. Tetangco Jr., Governor of the Central Bank of the Philippines (BSP), over the past decade the total portfolio of microfinancing activities by the country’s banks has reached PhP 7 billion ($161 million).
In 2010, the Philippine economy grew by over 7%, blessing the country’s burgeoning middle class with increased disposable income.
In 2010, the Philippine economy grew by over 7%, blessing the country’s burgeoning middle class with increased disposable income.