From CapeNews.Net By ELIZABETH W. SAITO August 8, 2014 Forty years ago today, President Richard M.
Circular No. 680 (on provision of micro-agri loans)
(enacted in 2010)
Circular No. 680 of 2010, issued by Bangko Sentral ng Pilipinas (BSP), provides rules and regulations for the provision of micro-agri loans by banks in the Philippines.
The circular covers the following topics:
- Minimum criteria to determine banks’ capacity to offer micro-agri loans,
- Basic product characteristics,
- Appropriate risk management, and
- Regulatory treatment.