Microfinance NGO Regulatory Council

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  Permanent Members

Pursuant to Section 9 of RA 10693, “The SEC shall establish an accrediting body to be known as the Microfinance NGO Regulatory Council, herein referred to as the “Council”. The Council shall be composed of four (4) permanent members and three (3) members from the Microfinance sector.

The permanent members of the Council shall be composed of the following:


(a) The Chairman of the Securities and Exchange Commission (SEC) or designated representative as the Chairperson of the Council;
(b) The Secretary of the Department of Trade and Industry (DTI) or designated representative;
(c) The Secretary of the Department of Finance (DOF) or designated representative; and
(d) The Secretary of the Department of Social Welfare and Development (DSWD) or designated representative.”

The Permanent Members of the Council are as follows:





Atty. Emilio B. Aquino


Securities and Exchange Commission

Atty. Rachel Esther J. Gumtang-Remalante


Corporate Governance and Finance Department


Ms. Rowena S. Sta Clara


Domestic Finance Group (DFG)

Ms. Johanna P. Hortinela


Domestic Finance Group (DFG)


Ms. Lourdes Rosario M. Baula
Head, Financing Sector

Small Business Corporation

Mr. Ronald A. Inciong
Department Manager, Southern Luzon Group

Small Business Corporation


Mr. Edmon B. Monteverde

Officer-in-Charge-Director IV,
National Program Manager of the Sustainable Livelihood Program

Atty. Megan Therese Y. Manahan
Director IV, Standards Bureau


Mr. Luis Daniel S. De La Cruz

Project Development Officer IV and Section Head, Partnership Building Section of the Sustainable Livelihood Program

Ms. Cynthia V. Ilano

Director III, Assistant Director, Standards Bureau

Ms. Anna Maria Alexa G. Ledesma

Social Welfare Officer V, Standards Bureau

Ms. Natalia C. Cause

Project Development Officer IV,
Standards Bureau


  Private Sector Representatives

Based on Section 9 item (d) of RA 10693, “The three (3) representatives from Microfinance NGO sector shall be chosen by at least majority of the permanent members of the Council from among the nominees of organizations, associations and alliances of Microfinance NGOs duly registered with the SEC. They shall serve for a term of three (3) years.”
The Private Sector representatives are as follows:


Fr. Jose Victor E. Lobrigo


SEDP-Simbag sa Pag-asenso, Inc. (A Microfinance NGO)
doing business under the name and style of SEDP-Simbag Microfinance

Mr. Eduardo C. Jimenez


Kabalikat para sa Maunlad na Buhay, Inc. (A Microfinance NGO)

Ms. Lyneth I. Derequito
Senior Deputy Executive Director
Center for Agriculture and Rural Development, Inc. (A Microfinance NGO)


Based on Section 9 item (d) of RA 10693, “The Council shall be assisted by a secretariat to be lodged in the SEC, which shall coordinate the activities involved in the accreditation process.”

The SEC Corporate Governance and Finance Department-Monitoring Division acts as the Secretariat of the Council.