Rules and Regulations Implementing Republic Act No. 7882 (Philippines)

The Implementing Rules and Regulations (IRR) established the Bureau of Small and Medium Business Development's which is mandated to promote and develop micro, cottage, small and medium enterprises in the Philippines through the implementation of programs and projects. 

The loan to be extended to qualified women under Republic Act No. 7882 shall be used for the purchase of basic equipment, tools or materials for the manufacturing, processing, trading and service activities. The IRR provide for the maximum loan amount, the criterion and requirements in order for women to be eligible for the loan, the interest rate of the loan, the collateral requirements for the loan and the loan processing procedure.