The People’s Credit and Finance Corporation (PCFC) was established by virtue of Memorandum Order 261 and Administrative Order No. 148 to provide affordable credit to the marginalized sector.  Republic Act 8425 of 1998 or the Social Reform and Poverty Alleviation Act further strengthened the role of PCFC as the lead government entity specifically tasked to mobilize resources for microfinance services for the exclusive use of the poor.