STATE-RUN Philippine Guarantee Corp. (Philguarantee) approved P42.3 billion worth of credit guarantee facilities to cover loans taken out by micro, small and medium enterprises (MSMEs) from banks, easing their access to credit during the economic crisis.
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Government to unload P42.3 billion in guarantee for MSME loans
A P42.3-billion credit guarantee facility by state-owned Philippine Guarantee Corp. (PhilGuarantee) is expected to be availed by 46,000 micro, small and medium enterprises (MSMEs), the Department of Finance, its parent agency, said.
HGC (now PhilGuarantee) Shares Expertise at the 7th ISO 9001 Recognition Ceremony
Home Guaranty Corporation (HGC), now the Philippine Guarantee Corporation (PhilGuarantee), gets to share its knowledge and expertise at the 7th Recognition Ceremony and Public Sector Quality and Productivity Forum conducted by the Government Quality Management Committee (GQMC) on October 24, 2019 at the Philippine International Convention Center in Pasay.
DOF Welcomes new PhilGuarantee President
Appointed to the PhilGuarantee Board of Directors by President Rodrigo R. Duterte, Alberto E. Pascual is the president and CEO of the Corporation, an entity rising from the merger of five Philippine Guarantee Programs and Agencies (PGPAs). Following Executive Order No. 58, s. 2018, PhilGuarantee is the renamed Philippine Export-Import Credit Agency (PhilEXIM). The agency is also known as the Trade and Investment Development Corporation of the Philippines (TIDCORP).
HGC and PhilExim Merger Effective August 31, 2019
WHEREAS, Executive Order No. 58, Series of 2018 (“EO 58”) dated 23 July 2018 mandated the Department of Finance to implement the merger of the Home Guaranty Corporation (HGC) and the Philippine Export-Import Credit Agency (PHILEXIM), the transfer of guarantee functions, programs and funds of the Small Business Corporation (SBC), and the administration of the Agricultural Guarantee Fund Pool (AGFP) and the Industrial Guarantee and Loan Fund (IGLF) to PHILEXIM
