This article reports on the impact evaluation study of the Rural Microenterprise Finance Project (RMFP) in the Philippines.
RMFP aimed to support efforts of the Government of the Philippines to strengthen rural financial institutions by assisting organisations that employed the Grameen Bank Approach (GB) in providing credit to the poor. The objective of the project was to reduce poverty, create employment opportunities, and enhance the incomes of the poorest of the rural poor (the ultra poor) – the bottom 30 per cent of the rural population – as measured by income. Rural banks, cooperative rural banks, cooperatives, thrift banks and nongovernmental organisations (NGOs) participated in the nationwide implementation of the project, which ended in December 2002.
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This article comes from the IDS Bulletin 39.1 (2008) Impact of Microfinance on Rural Households in the Philippines