At least 144 micro, small and medium enterprises (MSMEs) in the Cordillera have qualified for loans provided by the Small Business Corp. in northern Luzon (SBCorp-NL).<\/p>\n
Mylvie Almosora of the SBCorp-NL in an interview Thursday said the approved loans amount to PHP14.67 million under the RISE UP (Resilient, Innovative, and Sustainable Enterprises, Unleash your Powers) program.<\/p>\n
The program aims to sustain the gains of micro entrepreneurs that have survived the past two years of crisis by providing multi-purpose loans that have soft terms and can be easily accessed.<\/p>\n
The eligibility is for the multi-sectoral MSMEs, including existing enterprises that have at least one year of formal existence.<\/p>\n
The SBCorp, the financing arm of the Department of Trade and Industry (DTI), launched the loan program for MSMEs to open MSME key sectors such as fast-moving consumer goods and tourism that want to level up as the economy recovers from the effects of the coronavirus disease 2019 (Covid-19) pandemic.<\/p>\n
MSMEs are allowed to apply for PHP50,000 up to PHP10-million loans depending on the financing programs they avail.<\/p>\n
A total of 334 MSMEs applied for the program since January.<\/p>\n
The applicant has to comply with the requirements within a certain number of days and failure to do so will terminate the application.<\/p>\n
Juliet Lucas, regional director of the DTI- Cordillera, said start-up MSMEs can be assisted by the government through capacity-building training, mainstreaming, and coaching assuring their readiness for financing. (PNA)<\/p>\n","protected":false},"excerpt":{"rendered":"
North Luzon’s Small Business Corp. approved the loans for at least 144 micro, small and medium enterprises located in Cordillera.<\/p>\n","protected":false},"author":1,"featured_media":227537,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-227538","post","type-post","status-publish","format-standard","has-post-thumbnail","category-uncategorized"],"zyndk8_nxtgen_metadata":[],"_links":{"self":[{"href":"https:\/\/uptownmanila.com\/index.php?rest_route=\/wp\/v2\/posts\/227538","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/uptownmanila.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uptownmanila.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uptownmanila.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/uptownmanila.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=227538"}],"version-history":[{"count":0,"href":"https:\/\/uptownmanila.com\/index.php?rest_route=\/wp\/v2\/posts\/227538\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uptownmanila.com\/index.php?rest_route=\/wp\/v2\/media\/227537"}],"wp:attachment":[{"href":"https:\/\/uptownmanila.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=227538"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uptownmanila.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=227538"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uptownmanila.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=227538"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}