SME Lending Boosted

State-owned Small Business Corp. reported over the weekend a record lending of P3.8 billion to micro, small and medium enterprises in 2012.

Time to accelerate invoice finance opportunities in the Philippines?

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The Philippines is the 3rd largest USD 1 trillion plus Asian Consumer market, a trend expected to continue amidst a young and slowly growing population with growing purchasing power. The Philippine government is predicting a six to seven per cent GDP growth rate in 2013 and is committed to supporting SME s gain access to the funding they need to support bullish optimism.

MSMEs benefit from govt loan scheme

The government's lending program for MSMEs continues to provie vital, having lent a total of 4.53 billion euros to some 5.6 million beneficiaries since 2004

MSMEs stand to get more funds with new law

Micro, small, and medium-sized enterprises now have a better chance of securing loans as the Magna Carta for MSMEs raises banks' mandatory lending to the sector to 10 percent.

Government lends P126bn to SMEs in 4 years

The Arroyo administration has extended loans worth P126bn to 80,779 as part of its efforts to create six million new jobs by 2010, the National Anti-Poverty Commission (NAPC) announced.