History

JMH Microfinance, Inc. (JMH) formerly J.M Honrado Foundation, Inc. (JMHFI) was officially registered on October 7, 2004, under SEC Registration No. 29482 with the goal of alleviating poverty and promote socio-economic development in the region. It was founded by the Honrado Family who are well known for their experience in rural banking.

JMH was named after the late Atty. Jose M. Honrado who dreamed of having a foundation that aims to provide scholarships to deserving students and help alleviate poverty in the community. Its humble beginning was a product of selfless adherence to the less privileged in the community and placing them in a hopeful situation by providing means to fight life’s struggle. This is believed to be the most sought-after ideal of the founder himself.

On May 16, 2017, the Securities and Exchange Commission (SEC) approved the application of JMH to amend the company name from J.M. Honrado Foundation, Inc. to JMH Microfinance, Inc. Its primary purpose was also amended, which is now: “to implement a microenterprise development strategy and provide microfinance programs, products and services such as micro credit and micro savings.” The amended by-laws of the JMH also provides for a secondary purpose which is: “to establish, develop and promote scholarship grants to qualified children of clients and to establish a center for resource and human development that would serve as a venue for capacity-building training needs, trade fairs and other business-related events of the institution and to offer the said facility to the public for a fee.” Likewise, its main office was transferred from Barangay Banag, Daraga, Albay to Barangay Salugan, Camalig, Albay.

At present, JMH employs more than 200 locals and has a network consisting of 25 branches region-wide, with more than 23,000 active clients and total loan portfolio of Php104M.

Milestones

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2018

Developed and Pilot tested Solar Loan in Calabanga and Tinambac
Opened 7 branches across operation:
  • Casiguran
  • Bacon
  • Magallanes
  • Milagros
  • Baleno
  • Sagnay
  • Ocampo
Put up a subsidiary company – JMH IT Solutions, Inc.
2018
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2017

Home Office
Appointment of new President
Partnered with Pag-IBIG Home Development Mutual Fund
Accredited by the Department of Social Welfacre and Development
Opened 2 branches
  • Tinambac
  • Donsol
2017
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2016

Opened Daraga branch and launched AGAP loan
Opened 2 branches
  • Bulan
  • Pamplona
2016
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2015

Partnered with Landbank of the Philippines
Dream Satellite Cable Loan
Opened Masbate City branch
Php 100M Portfolio
2015
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2014

Developed and Pilot-tested Palayan Loan
2014
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2013

Most Outstanding NGO for Luzon I
Most Outstanding NGO National Winner
Opened 2 branches
  • San Jacinto, Masbate
  • San Fernando, CamSur
2013
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2012

Developed and implemented KAAGAPAY Loan
Most Outstanding NGO for Luzon II
Opened 2 branches
  • Manito
  • San Fernando, Masbate
2012
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2011

5-year Strategic Plan
Most Outstanding NGO for Luzon II
Opened 2 branches
  • Iriga City
  • Calabanga
2011
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2010

Partnered with PCFC (People’s Credit and Finance Corporation)
Opened 3 branches
  • Pili
  • Pilar
  • Castilla
2010
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2009

Established Corporate Office in Daraga
Opened Goa branch
Established Audit Department
2009
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2008

Developed and implemented scholarship program
2008
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2007

Partnered with NLDC (National Livelihood Development Corporation)
2007
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2006

Established branch in Tigaon, Camarines Sur
2006
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2004

Established its first branch at Sorsogon City
Initial fund of Php 1M
JMH was Established
2004
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