Mega Mitch Credit, Inc. (MMCI) was incorporated as a Microfinance Institution (MFI) under the laws of the Philippines in 2012. Its headquarters are located in Iligan City (Northern Mindanao). The organization was formed with the purpose of providing social and financial solutions for both individuals and SME’s. MMCI started a micro lending pilot project in October 2011 in 3 barangays (neighborhoods) out of 44 in Iligan City and has started the roll out to other areas in 2012.
MMCI intends to reach out to over 5,000 clients with microloans in the NORTHERN MINDANAO REGION, including the capital of the region, CAGAYAN DE ORO CITY, over the next three years. Having achieved this goal MMCI will analyze market potential to expand its businesses in 2015 to other regions in The Philippines (Caraga and Davao in Mindanao and the Visayas).
MMCI was born with the purpose of providing social and financial solutions for both individuals and small and medium enterprises and hope reach out to clients with microloan requirements here in Iligan City and in the Northern Mindanao Region.
[frame]Mission, Goals and Core Values[/frame]
Mega Mitch Credit, Inc. (MMCI) exists to empower people economically while ensuring that those who live in poverty, particularly vulnerable families, are served in body, mind, and spirit. The springboard of MMCI is compassionate micro-finance lending that includes a range of support services for its clients.
As an MFI, MMCI intends to increase opportunities for the poor to access financial services by providing financial services to low income families mobilizing funds from Western investors and then loaning a certain percentage of these funds to its clients. MMCI’s core values are the enhancement of their client’s self-determination, to serve as an ongoing financial resource for members and to achieve significant outreach and financial self-sufficiency.
[frame]How Mega Mitch Credit Started?[/frame]
Mega Mitch Credit, Incorporated (MMCI) started as a micro lending pilot project (Mega Mitch
Lender Office) in October 2011 concentrating in 3 different barangays (neighborhoods) out of 44 in Iligan City namely Brgy. San Miguel, Brgy. Suarez and Brgy. Abuno. MegaMitch Lender Office are providing financial solutions to small and medium individuals at an average monthly interest.
The Founder later decided to make MegaMitch Lender Office a company to provide more services and financial solutions to those who are in need especially those vulnerable families. On May 2012, MegaMitch Lender Office later was changed to Mega Mitch Credit, Incorporated.