PHILGUARANTEE Approves Php 37 Billion MSME Credit Guarantee for 22 Accredited Banks

State-owned Philippine Guarantee Corporation (PHILGUARANTEE) has approved a total of PhP37.5 Billion in credit guarantee facilities for 22 accredited banks, as of June 30, 2020. This is in line with the Agency’s key assistance role of encouraging the banking sector to continue lending to the Micro, Small and Medium Enterprise (MSME) sector under the government’s economic recovery program due to the COVID-19 pandemic.

PHILGUARANTEE implements relief measures for ECQ-affected agri-clients, MSMEs

Extending support to affected sectors of the COVID-19 crisis, state-run Philippine Guarantee Corporation (PHILGUARANTEE) has provided financial assistance such as moratoriums on loan payments and credit guarantees, alongside other relief and support measures for micro, small and medium enterprises (MSMEs) and for its clients in the agriculture and housing sectors.