PHILGUARANTEE Q1 credit guarantees to economic sectors up by 7.5%, register P239-Bn in portfolio
State-owned Philippine Guarantee Corporation (PHILGUARANTEE) recorded strong outcome in its credit guarantee portfolio during the first quarter of 2025, with total gross loans guaranteed registering a total of P238.72 Billion, 7.5 per cent higher than the quarterly target.
The bulk of the credit guarantees supported the housing sector, which accounted for P234.18 Billion, exceeding the target of P220.52 Billion. Additionally, P1.46 Billion in guarantees were extended to micro, small, and medium enterprises (MSMEs) – well above the P0.32 Billion target. The agriculture sector, comprising farmers and fisherfolk, achieved P3.08 Billion in guarantees, also significantly surpassing the target of P1.16 Billion.
A total of 49,312 beneficiaries gained access to credit during the quarter, underscoring the Corporation’s developmental role in enhancing access to finance through credit supplementation. Notably, 3,201 new housing loan borrowers were recorded—far exceeding the target of 1,950. In support of micro, small, and medium enterprises (MSMEs), 7,527 beneficiaries were significantly exceeded against a target of 1,094. Meanwhile, 38,584 agri-based workers accessed credit support, more than triple the target of 11,700. All guarantee applications were processed within the prescribed turnaround time upon receipt of complete
documentation.
Through credit guarantees, PHILGUARANTEE attains its mandate by encouraging private sector participation, reducing risk exposure of partner lending institutions (PLIs), thereby enabling banks to extend loans to sectors with limited access to financial services. These guarantees are seen as critical tools in supporting business expansion, housing acquisition, and
livelihood development across the country.
The strong 1 st quarter performance sets a confident stance for the year, reinforcing PHILGUARANTEE’s commitment to supporting national priorities on socialized/low-cost housing, MSME development, and agricultural economic resilience.
From: Strategy Management and Communications Department
