About Us
Credit Management Association of the Philippines (CMAP) Inc. is a non-stock, non-profit Association of credit and finance executives and practitioners, from companies across industries. Founded on April 19, 1932, the Association’s mission is to promote creditworthiness among borrowers and lenders. It has been at the forefront of providing access to reliable credit information, to ensure good credit quality of clientele. It initiates programs and activities designed and geared towards the achievement of these objectives.
Knowledgeable, Competent, and Effective in Credit Management
Foster a strong and sturdy professional association which has grown in number and which has improved in the quality of its membership, all knowledgeable, competent and effective in the art of credit management and contributing to the financial stability of its member-companies and also to national economic recovery, growth, and progress, thus.
Our Mission
- To make CMAP the premier credit management institution, responsive to the needs of its members, the business community and the country as a whole.
- To instill, develop and nurture credit consciousness, responsibility and discipline among ourselves and among credit grantors private sectors.
- To promote active and voluntary interchange and mutual recipocal use of quality credit information.
- To establish maintain and perpetuate mutual confidence, closer cooperation, fellowship and camaraderie among creditmen.
- To promote continuing credit education specially in the areas of credit measurement, protection and collection.
- To foster the clear understanding of credit with the end view of ensuring its wise and healthy use.
Objectives
- To promote active and voluntary interchange among members through mutual and reciprocal use of quality credit information.
- To have a clear understanding of credit with the end is view of ensuring proper use.
- To develop and nurture credit consiousness among credit practitioners.
- To instill discipline among credit users and credit grantors.
- To coordinate to the country's economic development through effective credit management
Currently, membership is organized on a per industry group such as:
- Banking - 16%
- Sales/Trading - 13%
- Financing/Leasing/Lending/Coop. - 32%
- Manufacturing - 6%
- Services - 22%
- Real Estate - 11%
In an annual membership meeting, members elect eleven (11) Board of Directors. The Board of Directors elects the officer who carry out the plans and programs of CMAP through the different working committees.
The Secretariat is responsible for the over all administration of CMAP.