BPI retail lending arm partners with DTI
BPI Family Savings Bank, the retail-lending arm of Ayala-led Bank of the Philippine Islands, has tied up with the Department of Trade and Industry (DTI) to help promote the growth of micro, small and medium scale enterprises (MSMEs).
Under the partnership, BPI Family Savings Bank is set to work closely with over 300 DTI Negosyo Centers, in assisting would be and existing entrepreneurs by providing the knowledge, skills and tools needed to start and sustain a business.
BPI Savings Bank senior vice president and retail lending head Ma. Cristina Go said the bank recognizes the important role it plays in entrepreneurship.
“It is our belief that awareness and education on how to put up a business and how to succeed in business will give more Filipinos confidence to pursue entrepreneurial ventures. We all need that extra push to make the jump – that confidence coming from knowing more, learning more, not just from family and friends but from experts will encourage Filipinos to finally make that step,” Go said.
DTI Undersecretary Zenaida Maglaya welcomed the new partnership in light of the demands of small enterprises.
“We welcome the partnership because it opens doors not only for would-be entrepreneurs but also for those who are ready for growth. We need all the assistance to capacitate small enterprises to stand on their feet, and build sustainable business operations,” she said.
Maglaya said the agency DTI needs the help of partners like BPI who can really mentor MSMEs so that entrepreneurs could make good decisions and push their business forward.
In line with Republic Act No. 10644, or the Go Negosyo Act, the Trade department established Negosyo Centers in the country to serve as onestop shops to help MSMEs grow and sustain their businesses.