DBP loan package for MSMEs now available

THE DEVELOPMENT Bank of the Philippines (DBP) has created special loan packages for easy access to financing by enterpreneurs.

Maria Belenda Ambi, regional director of Department of Trade and Industry (DTI) XI, said these are offered especially to the micro, small and medium enterprises (MSMEs) seeking assistance in Negosyo Center Davao.

“They must be a client of the facility to avail of the special packages,” Ambi told the reporters last week at the sidelines on Davao Agri Trade Expo at SMX Davao Convention Center.

The MSMEs, she said, can avail of a maximum of P1 million from DBP.

This arose after the DBP and Negosyo Center Davao, a facility managed by the DTI, signed a memorandum of agreement (MOA) on Sept. 8. This year, they targeted to cater to at least five entrepreneurs.

The city and Iloilo are the pilot areas for the project.

“This is to provide financing to enterprises, which are channeled through the Negosyo Center,” Ambi said.

The enterprises will also be also trained on how to manage their funds.

Trade and Industry Undersecretary Zenaida Maglaya said the signing of MOA between DBP and Negosyo Center Davao signaled the start to purposely “provide special packages of financing services and other needed support to MSMEs to ensure easy access to financing.”

“The Small Business Corp and Land Bank are also part of the Negosyo Center and these two banks have special loan packages designed for the cacao industry,” Maglaya said. By Kristianne M. Fusilero

Posted in Business