SB Corp. releases P7.2-B microloans for MSMEs
(PNA file photo) MANILA - Department of Trade and Industry (DTI) Secretary Ramon Lopez said the agency's financing arm has released a total of PHP7.2 billion worth of loans to micro, small and medium enterprises (MSMEs) to help them recover from the pandemic. At the launch of the Rise Up Program Friday, Lopez said the PHP7.2-billion loan disbursed to MSMEs came from the Coronavirus disease 2019 Assistance to Restart Enterprises (CARES) program of Small Business (SB) Corp. Lopez said CARES loan has assisted around 42,100 borrowers. SBCorp launched the CARES program, a zero-interest loan, in...
Source: philippinetimes.com