{"id":1214,"date":"2015-07-02T11:33:29","date_gmt":"2015-07-02T11:33:29","guid":{"rendered":"http:\/\/progresomicrofinanzas.org\/?p=1214"},"modified":"2016-02-18T11:04:07","modified_gmt":"2016-02-18T11:04:07","slug":"access-to-the-microfinance-sector","status":"publish","type":"post","link":"https:\/\/www.fundacionmicrofinanzasbbva.org\/revistaprogreso\/en\/access-to-the-microfinance-sector\/","title":{"rendered":"Access to the Microfinance Sector"},"content":{"rendered":"<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-right\"><a href=\"https:\/\/www.fundacionmicrofinanzasbbva.org\/revistaprogreso\/en\/wp-json\/wp\/v2\/posts\/1214?print=pdf\" class=\"pdfprnt-button pdfprnt-button-pdf\" target=\"_blank\"><img decoding=\"async\" src=\"https:\/\/www.fundacionmicrofinanzasbbva.org\/revistaprogreso\/wp-content\/plugins\/pdf-print\/images\/pdf.png\" alt=\"image_pdf\" title=\"View PDF\" \/><\/a><a href=\"https:\/\/www.fundacionmicrofinanzasbbva.org\/revistaprogreso\/en\/wp-json\/wp\/v2\/posts\/1214?print=print\" class=\"pdfprnt-button pdfprnt-button-print\" target=\"_blank\"><img decoding=\"async\" src=\"https:\/\/www.fundacionmicrofinanzasbbva.org\/revistaprogreso\/wp-content\/plugins\/pdf-print\/images\/print.png\" alt=\"image_print\" title=\"Print Content\" \/><\/a><\/div><p>This law represents a breakthrough in the field of Microfinance as it introduces a prudential regulatory framework based on risk-management; prudential regulations and international accounting standards. This strengthens the oversight of regulated companies, of vital importance, since the country\u2019s financial institutions (apart from the banks) and Non-Governmental Organizations had previously failed to meet international standards on these matters.<\/p>\n<p>Furthermore, a definition of microcredit has been introduced for the first time, distinguishing between microcredit and other types of financing on the basis of the risks involved. The law also focuses on the use of credit technology by microfinance institutions and determines the minimum standards they should use.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This law represents a breakthrough in the field of Microfinance as it introduces a prudential regulatory framework based on risk-management; prudential regulations and international accounting standards. This strengthens the oversight of regulated companies, of vital importance, since the country\u2019s financial institutions (apart from the banks) and Non-Governmental Organizations had previously failed to meet international standards [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":1082,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"tags":[],"class_list":["post-1214","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","numero-1-en","seccion-published-and-draft-legislation-microfinance","pais-panama-en"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Access to the Microfinance Sector<\/title>\n<meta name=\"description\" content=\"This law represents a breakthrough in the field of Microfinance as it introduces a prudential regulatory framework 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