This includes no collateral requirements or the acceptance of collateral substitutes, cash flow and character based lending, small and frequent amortizations, as well as simple documentary requirements.
  In March, the Bangko Sentral issued Circular 683 which allows thrift, rural and cooperative banks – subject to certain rules and regulations – to sell, market, and  BIS Review 71/2010  1  service approved microinsurance products by licensed insurance providers.