More than P42 billion in credit guarantee facilities for pandemic-hit small businesses have been made available by state-run Philippine Guarantee Corp. (PhilGuarantee), according to the Department of Finance (DoF).
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Credit guarantee fund for MSMEs now in place
Loans of small businesses struggling amid the COVID-19 pandemic can now be covered by a P42.3-billion guarantee line, according to the Department of Finance (DOF).
Gov’t bares fiscal support for MSME
The country’s micro, small and medium enterprises (MSME) will soon receive further financial support from the government following the disclosure of the Philippine Guarantee Corp. (PhilGuarantee) of some P42.3 billion funds for its credit guarantee facilities.
Philguarantee approves P42B in guarantees for MSME loans
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.
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.
