DTI approves P3.3 billion loans for MSMEs

(c) Photo from DTI Philippines Facebook Page

By: Philstar.com

MANILA, Philippines — The Department of Trade and Industry (DTI) has approved over P3.3 billion worth of loans under a facility to assist micro, small and medium enterprises (MSMEs) dealing with the impact of COVID-19 pandemic.

Trade Secretary Ramon Lopez said in a Viber message to reporters yesterday P3.38 billion worth of loans have been approved so far, covering 25,920 borrowers under the COVID-19 Assistance to Restart Enterprises (CARES) program being administered by its financing arm Small Business (SB) Corp.

He said a total of P2.78 billion worth of loans had been released to 23,141 borrowers.


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