FOURTEENTE CONGRESS OF THE ) 
REPUBLIC OF THE PHILIPPINES ) 
First Regular Session 
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Introduced by Senator Antonio “Sonny” F. Trillanes IV 
EXPLANATORY NOTE 
It is the policy of the State to assist the country’s economic growth by supporting and 
encouraging the development of micro enterprises at the barangay level. The barangay is the 
basic political subdivision of the country. With more than 40,000 barangays nationwide, the 
barangay, undoubtedly, is in the best position to spawn development at the lowest level of 
governance. Developing micro enterprises at the barangay level will help alleviate the condition 
of our economy nationwide. 
Considering that there are so many requirements needed for a borrower to comply with before it 
can secure a loan in a banking institution, not to mention the Banko Sentral ng Pilipinas’ loan 
ceiling rate for a single borrower of 25% of the unimpaired capital and surplus of the bank, 
applied loans are seldom granted. 
Following the very successful Thailand model of village development, this proposed measure 
will allot the amount of two million (P2,000,000.00) pesos to each of the country’s forty 
thousand (40,000) barangays, the collective amount of which shall be known as the Philippine 
Fund for Progress to be implemented by the National Anti-Poverty Commission in coordination 
with the Barangay Committee of Advisers to be constituted in every barangay. 
This bill likewise seeks to provide a loan facility at the barangay level to enable residents to 
borrow money with the least requirements in order to set up their own micro enterprise within 
their barangay. 
Passage of this bill is earnestly requested 
A N T ~ N I ~  
“SONNY” F! TRILLANES IV 
Senator 
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FOURTEENTH CONGRESS OF THE ) 
REPUBLIC OF THE PHILIPPINES ) 
First Regular Session 
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up’ : 
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SENATE 
S.NO. 
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Introduced by Senator Antonio “Sonny” F. Trillanes IV 
AN ACT 
TO ACCELERATE THE DEVELOPMENT OF ALL BARANGAYS BY PROVIDING 
FUNDS FOR MICRO ENTERPRISES AND FOR OTHER PURPOSES 
Be it enucted by the Senare und House qf Reppvesenlutrves of the Philrppines in Congress 
ussemhled: 
SECTION 1. This Act shall be known as the “PHIL,IPPINE MEGA-F!J”lI FOR 
PROGRESS ACT OF 2008. 
SEC. 2. 
It is the policy of the State to accelerate the development of all barangays 
by providing funds for micro enterprises at the barangay level. 
SEC. 3. 
There is hereby created an P80 Billion Philippine Fund for Progress (PFP) 
to be implemented by the National Anti-Poverty Commission (NAPC). Funds for this Act shall 
come from both Private and Government Financial Institutions. Initial funding shall come from: 
A) PI5 Billion from Development Bank of the Philippines 
B) P15 Billion from Land Bank of the Philippines 
C) At least P50 Billion from private banks to be coursed through DBP or LBP 
SEC. 4. 
An amount of two inillion (P2,000,000) pesos shall be allocated to each 
of the country’s barangays for lending to deserving micro enterprises. 
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SEC. 5. Cummiltee of Advisers. - A PFP Barangay Committee of Advisers shall be 
constituted by NAPC in each barangay. The Committee shall be comprised of eleven (11) 
members who shall all be qualified female voters of the barangay, provided, that no person 
occupying an elective or appointive position in the Sangguniang Barangay or any government 
political subdivision or agency, may become a member of the Committee. 
SEC. 6. Implementing Rules and Regulations. - The National Anti-Poverty Commission 
shall formulate the guidelines for the availment of the fimd and such other rules in order to 
properly implement the provisions of this Act. 
SEC. 7. Repealing Clause. - All laws, executive orders, rules and regulations, or any part 
thereof, inconsistent herewith are deemed repealed or modified accordingly. 
SEC. 8. Eflectiviw. - This Act shall take effect fifteen (15) days after its publication in at 
least two (2) national newspapers of general circulation. 
Approved, 
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