- Microenterprises make up over 90% of businesses in the Philippines and are important for economic growth, yet many lack access to financial services. Microfinance provides loans, savings, and other services to these small businesses and low-income households. - Key principles of microfinance include targeting the poor, linking financial services to microenterprises, and designing innovative products like group lending and flexible terms. Leading programs have expanded microfinance access through banks, NGOs, and cooperatives. - The Bangko Sentral ng Pilipinas promotes microfinance through policies, training, and advocacy to help banks better serve microenterprises and their communities. Over 200 banks have provided microloans