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Functions and Responsibilities
| Institutes and operationalizes a system of accreditation for MF-NGOs: that shall include sound and measurable standards of financial performance, social performance and governance; | |
| Issues certificate of accreditation as an MF-NGO upon determination that the criteria set for this purpose have been fully satisfied; | |
| Monitors performance of the Microfinance NGOs to ensure continuing compliance with the provisions of the Act and its implementing rules and regulations; | |
| Places under probation, suspend or revoke any certificate of accreditation upon due determination that a MF-NGO no longer meets the criteria for accreditation; | |
| Requires regular submission of reports by MF-NGOs; | |
| Collects reasonable accreditation and monitoring fees from a MF-NGO which shall be used for the accrediting entity’s operational requirements; | |
| Submits an annual report to the President of the Philippines and the concerned committees of both the Houses of congress; and | |
| Performs such other functions as may be necessary to accomplish the purposes and objectives of the Act. |