Circularizing the Updated List of Accredited Microfinance Non-Government Organizations (NGOs)

May 24, 2022 REVENUE MEMORANDUM CIRCULAR NO. 74-2022 SUBJECT : Circularizing the Updated List of Accredited Microfinance Non-Government Organizations (NGOs) TO : All Internal Revenue Officers, Employees and Others Concerned For the information and guidance of all internal revenue officers, employees and others concerned, we are publishing herein the attached " Updated List of Microfinance NGOs Accredited by the Microfinance NGO Regulatory Council (MNRC) as of May 2022 ." Under the Implementing Rules and Regulations of Republic Act (RA) No. 10693, otherwise known as 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. Further, included in the list were the MF-NGO Certificates of Accreditation revoked by the MNRC effective April 29, 2022, with reference to Revenue Memorandum Circular (RMC) No. 50-2022 and RMC No. 69-2022. All concerned are hereby enjoined to give this Circular as wide a publicity as possible. CAESAR R. DULAY Commissioner of Internal Revenue By: (SGD.) MARISSA O. CABREROS Deputy Commissioner Legal Group Officer-in-Charge ATTACHMENT Updated List of Accredited Microfinance NGOs (MF-NGOs) As of May 2022 MF-NGOs WITH UNEXPIRED CERTIFICATES OF ACCREDITATION FOR THE PERIOD 2019 TO 2025 NAME OF MICROFINANCE NGO CERTIFICATE OF ACCREDITATION NO. DATE OF ISSUANCE DATE OF PRIOR MNRC ACCREDITATION 1. KATUWANG RESOURCE CENTER, INC. (A MICROFINANCE NGO) 0028-19 14-Jun-19 11-Jul-18 2. USWAG DEVELOPMENT FOUNDATION, INC. (A MICROFINANCE NGO) 0029-19 10-Dec-19 N/A 3. KPS-SMALL ENTERPRISE AND ECONOMIC DEVELOPMENT, MICROFINANCE, INC. 0001-20 27-Jan-20 28-Mar-18 4. SPES PAUPERUM FOUNDATION (SPFI) MICROFINANCE NGO, INC. 0002-21 25-Aug-21 28-Mar-18 ACCREDITED MF-NGO FOR THE PERIOD 2022 TO 2025 NAME OF MICROFINANCE NGO CERTIFICATE OF ACCREDITATION NO. DATE OF ISSUANCE DATE OF PRIOR MNRC ACCREDITATION 5. ASA PHILIPPINES FOUNDATION, INC. (A MICROFINANCE NGO) 0001-22 1-Mar-22 1-Mar-19 6. SEDP-SIMBAG SA PAG-ASENSO, INC. (A MICROFINANCE NGO) DOING BUSINESS UNDER THE NAME AND STYLE OF SEDP-SIMBAG MICROFINANCE [FORMERLY: SEDP-SIMBAG SA PAG-ASENSO, INC. (A MICROFINANCE NGO) DOING BUSINESS UNDER THE NAME AND STYLE OF SEDP-SIMBAG] 0002-22 1-Mar-22 1-Mar-19 7. SAKLAW FOUNDATION, INC. (A MICROFINANCE NGO) 0003-22 1-Mar-22 1-Mar-19 8. ALALAY SA KAUNLARAN MICROFINANCE SOCIAL DEVELOPMENT, INC. 0004-22 1-Mar-22 1-Mar-19 9. ARDCI MICROFINANCE, INCORPORATED 0005-22 21-Mar-22 21-Mar 19 10. COMMUNITY ECONOMIC VENTURES, (A MICROFINANCE NGO) INC. 0006-22 28-Mar-22 28-Mar-19 11. CORDILLERA COMMUNITY MICROFINANCE (CCMI), INC. 0007-22 1-Mar-22 1-Mar-19 12. JAIME V. ONGPIN MICROFINANCE FOUNDATION, INC. 0008-22 1-Mar-22 1-Mar-19 13. JMH MICROFINANCE, INC. 0009-22 1-Mar-22 1-Mar-19 14. KABALIKAT PARA SA MAUNLAD NA BUHAY, INC. (A MICROFINANCE NGO) 0010-22 1-Mar-22 1-Mar-19 15. KASANYANGAN CENTER FOR COMMUNITY DEVELOPMENT AND MICROFINANCE FOUNDATION, INC. 0011-22 28-Mar-22 28-Mar-19 16. KAZAMA GRAMEEN MICROFINANCE, INC. 0012-22 1-Mar-22 1-Mar-19 17. LIFEBANK MICROFINANCE FOUNDATION, INC. DOING BUSINESS UNDER THE NAME/S AND STYLE/S OF LIFEBANK FOUNDATION 0013-22 1-Mar-22 1-Mar-19 18. 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 0014-22 28-Mar-22 28-Mar-19 19. RANGTAY SA PAGRANG-AY MICROFINANCE, INC. 0015-22 1-Mar-22 1-Mar-19 20. SERVIAMUS FOUNDATION, INCORPORATED DOING BUSINESS UNDER THE NAME & STYLE OF SERVIAMUS MICROFINANCE 0016-22 21-Mar-22 21-Mar 19 21. SURIGAO ECONOMIC DEVELOPMENT AND MICROFINANCE FOUNDATION, INC. 0017-22 1-Mar-22 1-Mar-19 22. BAYAN ENTERPRISE DEVELOPERS, GROWERS AND EVOLVERS-MICROFINANCE AND BUSINESS SERVICES, INC. 0018-22 21-Mar-22 21-Mar 19 23. ECLOF PHILIPPINES MICROFINANCE, INC. 0019-22 21-Mar-22 21-Mar 19 24. PAGASA NG MASANG PINOY MICROFINANCE, INC. 0020-22 21-Mar-22 21-Mar 19 25. RAFI MICRO-FINANCE, INC. 0021-22 21-Mar-22 21-Mar 19 26. ST. ELIZABETH COMMUNITY DEVELOPMENT PROGRAM (SECDEP), INC. (A MICROFINANCE NGO) 0022-22 21-Mar-22 21-Mar 19 27. CENTER FOR AGRICULTURE AND RURAL DEVELOPMENT (CARD), INC. (A MICROFINANCE NGO) 0023-22 21-Mar-22 21-Mar 19 28. AHON SA HIRAP, INC. (A MICROFINANCE NGO) 0024-22 28-Mar-22 28-Mar-19 29. PEOPLE'S ALTERNATIVE LIVELIHOOD MICROFINANCE FOUNDATION OF SORSOGON (PALMFS), INC. 0026-22 15-May-22 15-May-19 30. TULAY SA PAG-UNLAD, INC. (A MICROFINANCE NGO) 0027-22 15-May-22 15-May-19 REVOKED CERTIFICATES OF ACCREDITATION EFFECTIVE APRIL 29, 2022 NAME OF MICROFINANCE NGO CERTIFICATE OF ACCREDITATION NO. DATE OF ISSUANCE DATE OF PRIOR MNRC ACCREDITATION 1. TAYTAY SA KAUSWAGAN (A MICROFINANCE NGO), INC. 0001-22 1-Mar-22 1-Mar-19 2. URBAN PROGRAM FOR LIVELIHOOD FINANCE & TRAINING (UPLIFT) PHILIPPINES MICROFINANCE, INC. 0002-22 1-Mar-22 1-Mar-19 *** NOTHING FOLLOWS ***