SBC now ac­cepts loans from Puerto Princesa SME's

Palawan News - - BUSINESS - By Ger­ardo Reyes Jr. Re­porter

Small Busi­ness Cor­po­ra­tion ( SBC), the mi­cro­fi­nanc­ing agency of the Depart­ment of Trade and In­dus­try ( DTI), is now ac­cept­ing loan ap­pli­ca­tions from mi­cro, small and medium en­trepreneurs ( MSMEs) in Puerto Princesa City through its Pag­babago at Pag- Asenso Pro­gram ( P3). Marcelino Dile, SBC desk of­fi­cer, said small en­trepreneurs in the city or within its 10- kilo­me­ter ra­dius can now di­rectly ap­ply for loans in their of­fice. “Ngayon ay meron na tay­ong di­rect ap­pli­ca­tion na dito mismo sa opisina naga- ap­ply at nag­pro- process. Dati ay doon sa con­duit co­op­er­a­tive, pero di na­man la­hat na- ca- cater ng coop kasi mga mem­bers lang nila ang kini- cater. Mas ma­g­a­nda ito na meron ng di­rect,” Dile said. He said the P3 pro­gram has a P25 mil­lion fund of which only P3 mil­lion had been re­leased to three con­duit co­op­er­a­tives. Dile said af­ter the three con­duit co­op­er­a­tives, none so far has ap­plied to be­come part­ners of the P3. Bor­row­ers, he added, can avail of loans from P5,000 to P200,000 with very small in­ter­est rates com­pared to other lenders. Dile pointed out that P3 is a pro­gram un­der the ad­min­is­tra­tion of Pres­i­dent Ro­drigo Duterte to counter the “5- 6 lend­ing” scheme which im­poses an in­ter­est rate of as high as 20 per­cent. The bor­row­ers’ busi­nesses, he added, must al­ready be over a year, and with busi­ness names and per­ti­nent per­mits from the DTI and the city gov­ern­ment. “Con­duits pa rin natin ang mga co­op­er­a­tives na na- ap­prove like those in Narra, here in the city, and Roxas. Sila ‘ yong may ex­ist­ing lend­ing op­er­a­tions na may ca­pa­bil­ity mag- han­dle nito. Kasi hindi na­man dole out ito,” he said. We are now pro­cess­ing the ap­pli­ca­tions of 12 small busi­nesses, which are mostly sou­venir shops and food pro­cess­ing en­ter­prises, Dile said.

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