CARD’S P3 HELPS 39K BUSINESSES

Card, Inc., which signed a memorandum of understanding with DTI, aims to build a poverty-free country by providing loans to its clients following its guidelines.

More than 39,000 micro, small, and medium enterprises (MSMEs) of the country are now receiving financial services from the Center for Agriculture and Rural Development (Card), Inc., a microfinance NGO, in support to the Pondo sa Pagbabago at Pag-asenso (P3) program of the Department of Trade and Industry (DTI).

In 2017, Card, Inc. signed a memorandum of understanding with DTI to become the government’s partner in strengthening the access of community members to the P3 program.

“This collaboration is part of Card’s commitment of ensuring the growth of MSMEs to eventually build a poverty-free country. Poverty is a complex issue, hence, working with like-minded organizations and the government is a significant factor in the process,” said Flordeliza L. Sarmiento, managing director of Card Mutually Reinforcing Institutions (Card MRI) where Card, Inc. is a member institution. Card’s P3 initiative

For this program, Sarmiento emphasized that Card is not receiving any financial support from the government.

The program prioritizes to reach the market vendors and agri-businessmen in the 20 provinces under the government’s P3 program namely, Sorsogon, Zamboanga Sibugay, Negros Oriental, Leyte, Catanduanes, North Cotabato, Western, Eastern, and Northern Samar, Mountain Province, Lanao del Norte and Lanao del Sur, Agusan del Sur, Siquijor, Zamboanga del Norte, Sultan Kudarat, Bukidnon, Maguindanao, Sarangani, and Sulu. /

GROWING AND GLOWING BUSINESSES. Dr. Jaime Aristotle B. Alip, together and Card, Inc. field staff are welcomed in the businesses of their clients in the cities of Tagum and Koronadal.