The Transformation of Microfinancing NGOs in the Philippines

Abstract

Transformation and transformation leaders have become buzz words in the top corporate work in recent years. This article is about the evolution of microfinancing NGOs in the Philippines which started as community development programs and later evolved into microfinancing banks. The paper discusses the four stages of transformation: the creation of a church-based lending program, the adoption of Grameen and Association for Social Advancement methods, the creation of the Alliance of Philippine Partners for Development, and the founding of the Opportunity Microfinancing Bank. The last part of the paper tackles the nature of transformation work and the role of transformation officers.