Bangko Sentral set to launch credit enhancement scheme | ABS-CBN
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Bangko Sentral set to launch credit enhancement scheme
Bangko Sentral set to launch credit enhancement scheme
ABS-CBN News
Published Jan 03, 2017 05:35 PM PHT
MANILA - The Bangko Sentral ng Pilipinas (BSP) is set to launch in three areas a credit enhancement scheme that aims to help small businesses secure loans.
MANILA - The Bangko Sentral ng Pilipinas (BSP) is set to launch in three areas a credit enhancement scheme that aims to help small businesses secure loans.
BSP said the credit surety funds will be launched in Mandaue, Marinduque, and Ilocos Sur.
BSP said the credit surety funds will be launched in Mandaue, Marinduque, and Ilocos Sur.
The credit surety funds is generated by pooling contributions of well-capitalized and well-managed cooperatives and non-government organizations, local government units and partner institutions to help micro, small, and medium enterprises (MSMEs).
The credit surety funds is generated by pooling contributions of well-capitalized and well-managed cooperatives and non-government organizations, local government units and partner institutions to help micro, small, and medium enterprises (MSMEs).
Currently, there are 45 credit surety funds in 30 provinces and 15 cities nationwide.
Currently, there are 45 credit surety funds in 30 provinces and 15 cities nationwide.
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The program has benefited 15,317 MSMEs that accessed bank loans amounting to P3.13 billion, as of end September last year.
The program has benefited 15,317 MSMEs that accessed bank loans amounting to P3.13 billion, as of end September last year.
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