Steps to the Creation of a Viable Financial Institution for Microenterprise Development in the Philippines: Notes on a Process for the Staff and Board of Tulay sa Pag-Unlad, Inc.

This paper outlines the steps an agency and its board of directors should take in order to make wise and fully informed decisions throughout the complex and important process of determining whether to become a formal financial institution. It further:

• Analyses the vision, the problem, the benefit and the costs;
• Highlights pre-feasibility studies, and the creation and funding of a project management team;
• Concludes that the creation of a sophisticated new financial institution will require single minded dedication, professional skills and adequate funding.