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DTI Chief and SB Corp Chairman convenes SB Corp Board of Directors
DRIVERS OF MSME DEVELOPMENT
DTI, QUEZON CITY STRENGTHEN BUSINESS ONE STOP SHOP
Sec. Lopez, Parañaque Mayor Olivarez launch Express Lane Operation 2.0.
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Senator Pimentel throws full support to Pondo sa Pagbabago at Pag-asenso (P3) micro loan program.
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BOI awards Registration Certificate to UPPC.
DTI Chief inaugurates ready-to-drink manufacturing plant in Batangas.
First Meeting with the Expo 2020 Dubai Technical Team.
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SB Corp., ePLDT subsidiary Curo Teknika tie up for P3 hotline.
Indonesia's Pertamina explores PH's energy sector, plans possible partnerships with local players.
Go Lokal! gets Most Innovative Idea Award at SPRints 2017 Huwarang DTI.
Masterplan for proposed Leyte Ecological Industrial Zone.
DTI Chief and SB Corp Chairman convenes SB Corp Board of DirectorsDepartment of Trade and Industry (DTI) Secretary and Small Business Corporation (SB Corp) Chairman Ramon Lopez on September 13, 2019 convened the Corporation’s Directors and Officers to discuss SB Corp’s loan programs for micro, small and medium enterprises (MSMEs), especially the administration’s landmark program Pondo sa Pagbabago at Pag-asenso (P3). The P3 program has extended financing assistance to over 96,000 micro entrepreneurs as the government's flagship program that aims to topple loan sharks has widened its reach throughout the country since its inception in 2017. As of September 16, 2019, the SB Corp has released a total of P3.3 billion worth of loans to micro entrepreneurs through its 378 credit delivery partners that has reached rural and far-flung areas in the country. Under the P3 Program, a micro enterprise can borrow between P5,000 up to P200,000 depending on its business need and repayment capacity with no collateral requirement.  Interest rate and service fees, all in, do not exceed 2.5% monthly. The P3 Program serves as an alternative to the P30 billion “5-6” money lending industry that charges 20% nominal interest rate to MSMEs. Led by SB Corp Chairman and Trade Secretary Lopez (center, seated), in photo are (seated from L-R) SB Corp Director Merly Cruz, SB Corp President and CEO Ma. Luna Cacanando, DTI Undersecretary for Regional Operations Blesila Lantayona, and Department of Finance Representative Reina Cuarez. (Second row) Directors Joe Jay Doctora, Santiago Lim, Benel Lagua, Ferdinand Tolentino, and Manuel Bendigo.♦

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