State-owned Small Business Corp. reported over the weekend a record lending of P3.8 billion to micro, small and medium enterprises in 2012. Credit guarantees surged 119 percent in the same year. Small Business president and chief operating officer Benel Lagua said the lending brought the corporation’s total funding for micro, small and medium enterprises to P38.5 billion in 2012. The company’s credit guarantee facility jumped to P87.9 million in 2012 from P40.2 million in 2011.
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