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Pursuant to Section 9 of RA 10693, “The SEC shall establish an accrediting body to be known as the Microfinance NGO Regulatory Council, herein referred to as the “Council”. The Council shall be composed of four (4) permanent members and three (3) members from the Microfinance sector.
The permanent members of the Council shall be composed of the following:
| (a) The Chairman of the Securities and Exchange Commission (SEC) or designated representative as the Chairperson of the Council; |
| (b) The Secretary of the Department of Trade and Industry (DTI) or designated representative; |
| (c) The Secretary of the Department of Finance (DOF) or designated representative; and |
| (d) The Secretary of the Department of Social Welfare and Development (DSWD) or designated representative.” |
The Permanent Members of the Council are as follows:
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PRINCIPAL |
ALTERNATE |
| SEC |
Emilio B. Aquino
Chairperson
Securities and Exchange Commission
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Atty. Rachel Esther J. Gumtang-Remalante
Officer-in-Charge
Corporate Governance and Finance Department
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| DOF |
Gil S. Beltran
DOF Undersecretary
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Aurora Luz Diokno-Villaviray
Head, Technical Staff
DOF-National Credit Council Secretariat
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| DTI |
Lourdes Rosario M. Baula
Financing Sector Head,
SMALL BUSINESS CORPORATION
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| DSWD |
Marites M. Maristela, CESO III
Director IV
DSWD-Standards Bureau
Restituto B. Macuto
Deputy Program Manager
DSWD-Sustainable Livelihood Program
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Cynthia V. Ilano
Division Chief
DSWD-Standards Bureau
Anna Maria Alexa G. Ledesma
Social Welfare Officer IV
DSWD-Standards Bureau
Luis Daniel S. De La Cruz
SLP-NPMO
DSWD-Sustainable Livelihood Program
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Based on Section 9 item (d) of RA 10693, “The three (3) representatives from Microfinance NGO sector shall be chosen by at least majority of the permanent members of the Council from among the nominees of organizations, associations and alliances of Microfinance NGOs duly registered with the SEC. They shall serve for a term of three (3) years.”
The Private Sector representatives are as follows:
| AREA |
NAME OF REPRESENTATIVE |
| LUZON |
Fr. Jose Victor Lobrigo
President and Chief Executive Officer
SEDP-Simbag sa Pag-asenso, Inc. (A Microfinance NGO) doing business under the name and style of SEDP-SIMBAG
and
Chairperson
Microfinance Council of the Philippines (MCPI)
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| VISAYAS
| Angel L. de Leon, Jr.
Chairman and Executive Director
Taytay sa Kauswagan (A Microfinance NGO), Inc.
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| MINDANO |
Atty. Ibarra A. Malonzo
Chairman and President
Kasanyangan Center for Community Development and Microfinance Foundation, Inc.
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Based on Section 9 item (d) of RA 10693, “The Council shall be assisted by a secretariat to be lodged in the SEC, which shall coordinate the activities involved in the accreditation process.”
The SEC Corporate Governance and Finance Department-Monitoring Division acts as the Secretariat of the Council.
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