Stay updated with breaking news from Credit Guarantee Program. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Over 20,000 entrepreneurs have received financing assistance from the Philippine Guarantee Corporation (PhilGuarantee) as of March, the Department of Finance (DOF) reported on Monday. The DOF said the cumulative releases for micro, small and medium enterprises (MSMEs) reached P2.95 billion as of March 10 this year. The assistance benefited 20,310…
Government-run Philippine Guarantee Corp. aims to guarantee P4.4 billion worth of loans extended to micro, small and medium enterprises as the sector continues to recover from the impact of the pandemic.
STATE-RUN Philippine Guarantee Corporation (PhilGuarantee) approved a total of P41.66 billion in micro, small, and medium (MSME) credit guarantees to 47 banks or financial institutions since the pandemic hit the country in March last year. In a statement, PhilGuarantee said it has so far issued combined total credit guarantees for…
Published May 5, 2021, 4:09 PM State-run Philippine Guarantee Corp. (PhilGuarantee) sustained the growth of its guarantee program for viable but pandemic-hit micro, small and medium enterprises (MSMEs) for the third straight month since its launch in December last year. The total loans guaranteed by PhilGuarantee reached P1.47 billion at end-March this year, the agency’s report submitted to Finance Secretary Carlos G. Dominguez III showed on Wednesday, May 5. Alberto Pascual, PhilGuarantee president and chief executive officer said the guaranteed loans represent a 612 percent increase from...