Circularizing the Updated List of Accredited Microfinance NGOs

May 7, 2019 REVENUE MEMORANDUM CIRCULAR NO. 052-19 SUBJECT : Circularizing the Updated List of Accredited Microfinance NGOs TO : All Internal Revenue Officials, Employees and Others Concerned For information and guidance of all internal revenue officers, employees and others concerned, we are publishing herein the attached "2019 List of Microfinance NGOs with Microfinance NGO Regulatory Council (MNRC) Accreditation" and "List of Microfinance NGOs Accredited in 2018 but valid until March 31, 2019" as of April 01, 2019. Under the IRR of the Microfinance NGOs Act, a Certificate of Accreditation shall be valid for a period of three (3) years from the date of issuance, unless earlier revoked by the MNRC. HCaDIS The Revenue District Offices, who have jurisdiction over the said list of Microfinance NGOs, are hereby reminded that Microfinance NGOs with duly issued Certificate of Accreditation from the MNRC shall be eligible to avail of the 2% gross receipt tax on income from microfinance operations in lieu of all national taxes, excluding those MFNGOs with expired accreditation from the MNRC beginning April 01, 2019. All internal revenue officials and employees are hereby enjoined to give this Circular a wide publicity as possible. (SGD.) CAESAR R. DULAY Commissioner of Internal Revenue ANNEX A 2019 List of Microfinance NGOs with MNRC Accreditation A. MICROFINANCE NGOS ACCREDITED IN 2019 NAME OF MICROFINANCE NGO DATE OF ISSUANCE OF ACCREDITATION 1. ALALAY SA KAUNLARAN MICROFINANCE SOCIAL DEVELOPMENT, INC. 01-Mar-19 2. ASA PHILIPPINES FOUNDATION, INC. (A MICROFINANCE NGO) 01-Mar-19 3. CORDILLERA COMMUNITY MICROFINANCE (CCMI), INC. 01-Mar-19 4. JAIME V. ONGPIN MICROFINANCE FOUNDATION, INC. 01-Mar-19 5. JMH MICROFINANCE FOUNDATION, INC. 01-Mar-19 6. KABALIKAT PARA SA MAUNLAD NA BUHAY, INC. (A MICROFINANCE NGO) 01-Mar-19 7. KAZAMA GRAMEEN MICROFINANCE, INC. 01-Mar-19 8. LIFEBANK MICROFINANCE FOUNDATION, INC. DOING BUSINESS UNDER THE NAME AND STYLE OF LIFEBANK FOUNDATION 01-Mar-19 9. RANGTAY SA PAGRANG-AY MICROFINANCE, INC. 01-Mar-19 10. SAKLAW FOUNDATION, INC. (A MICROFINANCE NGO) 01-Mar-19 11. SEDP-SIMBAG SA PAG-ASENSO, INC. (A MICROFINANCE NGO) DOING BUSINESS UNDER THE NAME AND STYLE OF SEDP-SIMBAG 01-Mar-19 12. SURIGAO ECONOMIC DEVELOPMENT AND MICROFINANCE FOUNDATION, INC. 01-Mar-19 13. ARDCI MICROFINANCE, INCORPORATED 01-Mar-19 14. BAYAN ENTERPRISE DEVELOPERS, GROWERS AND EVOLVERS-MICROFINANCE AND BUSINESS SERVICES, INC. 01-Mar-19 15. ECLOF PHILIPPINES MICROFINANCE, INC. 01-Mar-19 16. PAGASA NG MASANG PINOY MICROFINANCE, INC. 01-Mar-19 17. RAFI MICRO-FINANCE, INC. 01-Mar-19 18. SERVIAMUS FOUNDATION, INCORPORATED DOING BUSINESS UNDER THE NAME AND STYLE OF SERVIAMUS MICROFINANCE 01-Mar-19 19. ST. ELIZABETH COMMUNITY DEVELOPMENT PROGRAM (SECDEP), INC. (A MICROFINANCE NGO) 01-Mar-19 20. CENTER FOR AGRICULTURE AND RURAL DEVELOPMENT, INC. (A MICROFINANCE NGO) 01-Mar-19 21. AHON SA HIRAP, INC. (A MICROFINANCE NGO) 01-Mar-19 22. COMMUNITY ECONOMIC VENTURES, (A MICROFINANCE NGO) INC. 01-Mar-19 23. KASANYANGAN CENTER FOR COMMUNITY DEVELOPMENT AND MICROFINANCE FOUNDATION, INC. 01-Mar-19 24. NEGROS WOMEN FOR TOMORROW FOUNDATION, INC. (A MICROFINANCE NGO) DOING BUSINESS UNDER THE NAME/S AND STYLE/S OF NEGROS WOMEN FOR TOMORROW FOUNDATION, INC. OR NWTF 01-Mar-19 25. TAYTAY SA KAUSWAGAN (A MICROFINANCE NGO), INC. 01-Mar-19 B. MICROFINANCE NGOS ACCREDITED IN 2018 BUT VALID UNTIL 31 MARCH 2019 NAME OF MICROFINANCE NGO 1. KATUWANG RESOURCE CENTER, INC. (A MICROFINANCE NGO) 2. KPS-SMALL ENTERPRISE AND ECONOMIC DEVELOPMENT, MICROFINANCE, INC. 3. PEOPLES ALTERNATIVE LIVELIHOOD MICROFINANCE FOUNDATION OF SORSOGON (PALMFS), INC. 4. SPES PAUPERUM FOUNDATION (SPFI) MICROFINANCE NGO, INC. 5. TALETE KING PANYULUNG KAPAMPANGAN (A MICROFINANCE NGO), INC. 6. TANGLAW NG BUHAY MICROFINANCE FOUNDATION, INC. 7. TULAY SA PAG-UNLAD, INC. (A MICROFINANCE NGO) 8. URBAN PROGRAM FOR LIVELIHOOD FINANCE & TRAINING (UPLIFT), PHILIPPINES MICROFINANCE, INC.