Friday, July 26, 2019
SEC. LOPEZ SEEKS MORE PARTNERS IN DELIVERING MICROFINANCE LOANS TO MSMES
Department of Trade and Industry (DTI) Secretary Ramon Lopez (8th from L) called on the private sector to partner with the government in ensuring micro, small, and medium enterprises (MSMEs) across the country will have easy access to the Pondo sa Pagbabago at Pag-asenso (P3), the low-cost, no-collateral microfinance loan of the government initiated by President Rodrigo Duterte. During the P3 Credit Delivery Partner Forum on 25 July 2019, the trade chief encouraged more partnerships with rural banks and cooperatives in spreading the reach of the P3 program, which has changed the lives of many aspiring and thriving entrepreneurs in the country and assisted more than 89,000 MSMEs. Meanwhile, Senator Aquilino Pimentel III (7th from L) expressed his support for the program and recognized the need for its longevity. He committed to work on institutionalizing the P3 program and to be a partner of DTI in driving entrepreneurship and making microfinance loans accessible to Filipinos, especially those at the countryside. In the photo are SB Corporation President Luna Cacanando (5th from L), DTI Undersecretary Zenaida Maglaya (6th from R), and credit delivery partners from FICO Bank, St. Francis Multi-purpose Cooperative, Bank of Florida, GM Bank of Luzon, The New Rural Bank of San Leonardo, MVSM Rural Bank, Yakap at Halik Multi-purpose Cooperative, Cebu People’s Cooperative, Silangan Multi-purpose Cooperative, and Cantilan Bank, Inc.