The government has announced that it has already released P11.8 billion worth of loans to the country's micro-, small- and medium-size enterprises (SMEs) in the first half of the year under its national lending programme.
The SME Unified Lending Opportunities for National Growth (Sulong) programme, handled by the Department of Trade and Industry's Small Business Guarantee and Finance Corp (SB Corp), has already benefited 147,439 enterprises. The Sulong programme has also exceeded its target of releasing P10 billion to SMEs for the first six months.
Participants in the Sulong programme are Land Bank of the Philippines, Development Bank of the Philippines, SB Corp., Quedancor, Philexim and the National Livelihood Support Fund. Michelle V. Remo
Source: Philippine Daily Inquirer
