PH-RURAL FINANCE III
Sector: Commercial • Location: Philippines
Source: World Bank Group
The Third Rural Finance Project will provide financial support to the rural economy to overcome both the regional financial crisis and the devaluation of the Peso. The main components of the project will be: a) the creation of the Countryside Loan Fund III (CLF III), which at market interest rates, will make credit available on a short, medium or long term basis for rural sub-projects; b) the assi
- Status
- Closed
- Sector
- Commercial, Government
- Location
- Philippines
- Updated
- 22 Jul 2026
- Source
- World Bank Group
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Project Information
Participants
Sponsoring Agency |
Status
Original status | closed |
Taiyo status | Closed |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | The Third Rural Finance Project will provide financial support to the rural economy to overcome both the regional financial crisis and the devaluation of the Peso. The main components of the project will be: a) the creation of the Countryside Loan Fund III (CLF III), which at market interest rates, will make credit available on a short, medium or long term basis for rural sub-projects; b) the assistance to alleviate rural poverty through the provision of resources lent by the Land Bank of the Philippines (LBP) which would form the Micro Finance Loan Fund (MLF) as investment capital for micro-enterprises; c) the strengthening of (1) LBP to ensure sustainability, while continuing its rural lending expansion, as well as improving the quality of its commercial loan portfolio and reducing losses on agrarian lending and of (2) The People's Credit and Finance Corporation (PCFC) as the main conduit for micro-finance; and d) the assistance for enforcing the financial discipline on the participating financial institutions. |
Original sector | FY17 - Financial Sector,FY17 - Public Administration,Financial Sector |
Budget |
Location
Country | Philippines |
Source
Source | World Bank Group |
URL |
More Details
Record type | Project |
Sector | Commercial, Government |
Article published date | 2025-12-17 |
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