Microfinance NGO Regulatory Council

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Procedure of Accreditation

STEPS ACTIONS TO BE TAKEN BY MNRC SECRETARIAT
1.Client submits application form with complete requirements 1.1. Checks submitted documents for completeness
1.2. Issues checklist to applicant
1.3. Reviews and evaluates the application
1.4. Prepares Memorandum to be presented to the MNRC
1.5. MNRC deliberates and decides on the approval or denial of the application during its meeting
1.6. Prepares the Notice of Approval (or Denial) and the Certificate of Accreditation and endorses to the Chairperson for signature
1.7. Reviews and signs the Notice and the Certificate of Accreditation, as applicable
2. Client receives the Certificate of Accreditation 2. Releases the Certificate of Accreditation to the client thru his/her preferred mode


FEES TO BE PAID

Total Portfolio Accreditation Fee
Not more than PHP 200 Million PHP 20,000.00
More than P200 Million but not more than P800 Million PHP 30,000.00
More than PHP 800 Million but not more than PHP 1 Billion PHP 40,000.00
More than PHP 1 Billion PHP 50,000.00
* More than PHP 1 Billion