Parallel to this, Bangko Sentral mounted capacity building programs and sustained information campaigns. Microfinance has flourished since then. Today, 223 banks are involved in microfinance with a combined loan portfolio of about P4 billion lent out to over 660,000 borrowers. Nevertheless, there is still much more that we can do.
It is fitting therefore that we are addressing the obstacles to gaining access to agricultural credit through microfinance, a methodology and technology that has been proven successful. It is important to remember that the success of microfinance is anchored on the following fundamental principles: First, microfinance is typically linked to households and their microenterprises.