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PHILIPPINE LAWS, STATUTES & CODES
A collection of Philippine laws, statutes and codes not included or cited in the main indices of the Chan Robles Virtual Law Library.
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ADMINISTRATIVE ORDERS
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ADMINISTRATIVE ORDER NO. 148 -
CREATING THE TASK FORCE ON CREDIT FOR THE POOR OF THE PRESIDENTIAL
COMMISSION TO FIGHT POVERTY
WHEREAS, the access to credit by the
marginalized sectors of the population is envisioned to complement
developmental efforts for the creation and equitable distribution of
wealth in the countryside;
WHEREAS, there is a need to provide affordable credit to these sectors
and their organizations and associations in a manner that promotes the
values of people empowerment and self-reliance;
WHEREAS, there is a need to evolve and institutionalize an indigenous
mechanism that will lead to the development of an alternative banking,
financing and credit system for the poor;
WHEREAS, Sec. 4 of Executive Order No. 12 which provides for the
creation of the Presidential Commission to Fight Poverty empowers the
Commission "to set up task forces/mechanisms to address specific
poverty issues";
NOW, therefore, I, FIDEL V. RAMOS, President of the Republic of the
Philippines, by virtue of the powers vested in me by law do hereby
order:
Section 1.
Sec. 2.
Sec. 3.
Sec. 4.
(a)
(b)
(c)
Sec. 5.
Done in the City of Manila,
this 8th day of September, in the year of Our Lord, Nineteen Hundred
and Ninety-Four.
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Since 19.07.98.