MSMEs gamble an important role throughout the nation’s discount, delivering operate and encouraging growth in rural organizations. Although not, this new COVID-19 outbreak impacted her or him greatly while the more 73% out of MSMEs stopped its team a month following ECQ last season. Around 10% remain signed at the time of .
As one of the most impacted groups, the federal government already been a financing initiative to simply help MSMEs get over the commercial effect of pandemic. Here is all you need to know about the fresh MSME loans when you look at the this new Philippines:
Pondo sa Pagbabago within Pag-Asenso (P3)
This MSME financing program on the Small company Business (SB Corp) is designed to provide an option monetary range so you’re able to MSMEs one borrow out-of everyday lenders (5-six currency loan providers).
Mini organizations with a valuable asset size maybe not exceeding P3.0 mil can be borrow Php5,one hundred thousand around Php200,000 having a 2.5% rate of interest a month. Read more