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LANDBANK expands credit facility for businesses

LANDBANK expands credit facility for businesses
bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.

Ceciliac Borromeo , Lending Program , Interim Rehabilitation Support , Cushion Unfavorably , கடன் ப்ரோக்ர்யாம் , இடைக்கால புனர்வாழ்வு ஆதரவு ,

LANDBANK OK's P20 billion in loans for firms affected by crisis


BusinessWorld
May 24, 2021 | 12:04 am
BW FILE PHOTO
LAND BANK of the Philippines (LANDBANK) has approved P20.07 billion in loans for firms, micro, small and medium enterprises (MSMEs) and cooperatives affected by the coronavirus disease (COVID-19) pandemic as of April.
The bank said in a statement that loans released through its I-RESCUE (Interim Rehabilitation Support to Cushion Unfavorably affected Enterprises by COVID-19) lending program, which it started in April 2020, benefitted 434 borrowers comprised of 292 MSMEs, 81 cooperatives, 56 large corporations, and five microfinance institutions (MFIs).
Some P18.21 billion of the P20.07 billion in approved loans has already been released.
LANDBANK in April doubled the I-RESCUE program’s fund to P20 billion from the initial P10 billion amid an increased number of loan applications from firms. ....

Interim Rehabilitation Support , Cushion Unfavorably , இடைக்கால புனர்வாழ்வு ஆதரவு ,

LandBank releases P5.28-B in COVID-related loans for MSMEs


By JON VIKTOR D. CABUENAS, GMA News
Published February 28, 2021 4:31pm
State-run lender Land Bank of the Philippines released P5.28 billion in approved loans under its Interim Rehabilitation Support to Cushion Unfavorably affected Enterprises by COVID-19 (I-RESCUE), nine months into the program.
LandBank said the amount was released to 208 borrowers: 167 micro, small, and medium enterprises (MSMEs), 34 cooperatives, and four microfinance institutions (MFIs), and three large corporations as of end-January 2021.
This was part of the P6.95-billion worth of loans approved for 227 borrowers, which in turn was part of the P10-billion initial internal fund of I-RESCUE launched in April 2020 as mandated by the Bayanihan to Recover as One Act. ....

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LANDBANK looking to expand lending program for small firms

LANDBANK looking to expand lending program for small firms
bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.

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