PHILGUARANTEE and ESQUIRE FINANCING partner to support small businesses
(From left: PHILGUARANTEE SVP Isabelo Gumaru (Legal Services Group), SVP Celso Gutierrez (Priortity Sectors Guarantee Group, PCEO Alberto Pascual; EFI Chairperson and CEO Rajan Uttamchandani and President and COO Navin Uttamchandani.)
The Philippine Guarantee Corporation (PHILGUARANTEE) and Esquire Financing, Inc. (EFI) sealed its partnership with a ceremonial signing agreement on February 15, 2024, to accelerate and increase financing for small entrepreneurs and businesses.
The event was led by PHILGUARANTEE President and CEO Alberto Pascual and Senior Vice President Celso Gutierrez, along with Esquire Financing Inc. (EFI) Chairperson and CEO Mr. Rajan Uttamchandani, and President and COO Mr. Navin Uttamchandani.
The PHILGUARANTEE Board approved a P1-Billion credit guarantee facility for EFI, an MSME-centric financing company, acknowledging the pivotal role of small businesses in driving the Philippine economy forward.
(From left: OIC Raymund Togonon (Priority Sectors Guarantee Department 1), VP Rovi Peralta (Priority Sectors Guarantee Department 2), SVP Isabelo Gumaru, SVP Dynah Glady Nepomuceno-Bayot (Special Asset Management and Recovery Group), SVP Melinda Adriano (Housing Guarantee Group), SVP Celso Gutierrez, PCEO Alberto Pascual, EFI Chairperson and CEO Rajan Uttamchandani, EFI President and COO Navin Uttamchandani, Mr. Kendrick Ko (Head of Business Development, EFI), Atty. Isabelle Vien De Guzman (Assistant VP/Head of Legal and HRD, EFI), Mr. Lorenzo Luiz Ico (Finance Manager, EFI), Ms. Namisha Uttamchandani (Marketing Consultant, EFI)
During the event, PCEO Pascual said that PHILGUARANTEE is mandated to promote the mobilization of private funds to support small and medium-sized enterprises. He underscored that small businesses constitute the backbone of our economy, fostering innovation, job creation, and community growth.
(Priority Sector Guarantee Group, from left: Ms. Sherilyn Napal (Technical Analyst), Ms. Jasmine Joy Lagaret (Marketing Officer I), Ms. Lorina Rosalia (Account Officer III), Ms. Lovely Sumalo (Account Officer I), Ms. Arlene Jane Rivera (Account Officer III), VP Rovi Peralta, Ms. Joy Grace Rivera (Marketing Officer III), SVP Celso Gutierrez, Mr. Adrian Damasco (Marketing Officer V), and OIC Raymund Togonon)
For its part, PHILGUARANTEE, as a state guarantee institution, is committed to promote and facilitate access as well as supplementing credit, to achieve its development financing objectives, to include the expansion and growth of small businesses in the country. The Corporation is looking forward to strengthening its partnerships with other non-bank financial groups, similar to EFI, and various channels with the end in view of MSME development.
From: Strategy Management and Communications Department
