(NAR) VOL.8 NO. 2 / APRIL - JUNE 1997
"Section 2. Mandatory Allocation of Credit Resources to Small Enterprises.This Circular shall take effect immediately.
a. All lending institutions shall set aside a portion of their total loan portfolio based on their Consolidated Statement of Condition/Balance Sheet as of the end of the previous quarter and make it available for small enterprises credit. The portion mandated to be so set aside shall at least be five percent (5%) by December 31, 1991, ten percent (10%) by December 31, 1992 through December 31, 1995 and five percent (5%) by December 31, 1996 through December 31, 1997. Thereafter, banks shall determine the portion of their loan portfolio to be set aside for credit to small enterprises."