"Advertisements"
SEARCH THIS SITE FOR HOUSE DESIGN, OVERSEAS FILIPINO NEWS, FREE ONLINE STUDIES, CASH LOANS and BANK LOANS, PROPERTY FOR SALE, HOUSE AND LOT, FORECLOSED, CARS FOR SALE and anything beneficial for the Filipinos at home and abroad
SEARCH THIS SITE
"Sponsored Links"

Tuesday, January 10, 2017

5-6 IS GONE! GOVERNMENT WILL LOAN PINOY FROM P5,000 TO P300,000 FOR BUSINESS

The Government is launching a lending program called Pondo sa Pagbabago at Pag-asenso (P3). With a P19 billion worth of fund for the next five years, the program is aimed to finance micro, small and medium businesses. And to eliminate 5-6 lending which charges a huge amount of interest (20%) per month. “The P3 is designed to bring down the interest rate at which micro-finance is made available to micro enterprises,” said Trade Secretary Ramon Lopez. For 2017, the allocated budget for the program is P1 billion. Initially, the program will be launched in the provinces of Mindoro and Leyte islands and Sarangani, which are among the top 30 poorest provinces. Eventually, we hope that this will be implemented all through out the country. SOME 20 POOR PROVINCES IN THE PHILIPPINES 20. Sorsogon (Region 5) 19. Zamboanga Sibugay (Region 9) 18. Negros Oriental (Region 7) 17. Leyte (Region 8) 16. Catanduanes (Region 5) 15. North Cotabato (Region 12) 14. Western Samar (Region 8) 13. Mt. Province (CAR) 12/11. Lanao del Norte (Region 10) 12/11. Eastern Samar (Region 8) 10. Agusan del Sur (Caraga) 9. Siquijor (Region 7) 8. Zamboanga del Norte (Region 9) 7. Sultan Kudarat (Region 12) 6. Bukidnon (Region 10) 5. Maguindanao (ARMM) 4. Northern Samar (Region 8) 3. Sarangani (Region 12) 2. Sulu (ARMM) 1. Lanao del Sur (ARMM) "Fund delivery to micro-enterprises shall be carried out in either by wholesale lending to non-bank financial institutions like MFI-NGOs, and cooperatives which shall on-lend the fund to beneficiaries or by direct lending by SB Corp, ” Lopez said. Priority for the program are those entrepreneurs who doesn't have easy access to credit. Examples are agri-businessmen or farmers, vendors, and micro entrepreneurs like sari-sari store owners, and many more. The good thing about the program, is that it does not require collateral. Borrowers can avail minimum of P5,000 to as much as P300,000. The interest rate shall be 2.17% monthly, a big difference compared to the 5-6 interest rate of 20% monthly. "This alternative funding dedicated for micro and small enterprises is meant to discourage the 5-6 money lending system in our country,” said Lopez “Fund delivery to microenterprises shall be carried out either by wholesale lending to non-bank financial institutions like microfinance institutions (MFIs) and cooperatives, which shall on-lend the fund to beneficiaries, or by direct lending by SB Corp,” Lopez explained. References: Loan, Business capital, government assistance, low interest rate loan, micro financing, capital loan, financing for entrepreneurs,

The Government is launching a lending program called Pondo sa Pagbabago at Pag-asenso (P3). They will start the program by March 2017, according to reports and will lend money to around 10,500 micro, small and medium Entrepreneurs this 2017 alone.  

With a P19 billion worth of fund for the next five years, the program is aimed to finance micro,  small and medium businesses. And to eliminate 5-6 lending which charges a huge amount of interest (20%) per month.

“The P3 is designed to bring down the interest rate at which micro-finance is made available to micro enterprises,” said Trade Secretary Ramon Lopez.
The Government is launching a lending program called Pondo sa Pagbabago at Pag-asenso (P3). With a P19 billion worth of fund for the next five years, the program is aimed to finance micro, small and medium businesses. And to eliminate 5-6 lending which charges a huge amount of interest (20%) per month. “The P3 is designed to bring down the interest rate at which micro-finance is made available to micro enterprises,” said Trade Secretary Ramon Lopez. For 2017, the allocated budget for the program is P1 billion. Initially, the program will be launched in the provinces of Mindoro and Leyte islands and Sarangani, which are among the top 30 poorest provinces. Eventually, we hope that this will be implemented all through out the country. SOME 20 POOR PROVINCES IN THE PHILIPPINES 20. Sorsogon (Region 5) 19. Zamboanga Sibugay (Region 9) 18. Negros Oriental (Region 7) 17. Leyte (Region 8) 16. Catanduanes (Region 5) 15. North Cotabato (Region 12) 14. Western Samar (Region 8) 13. Mt. Province (CAR) 12/11. Lanao del Norte (Region 10) 12/11. Eastern Samar (Region 8) 10. Agusan del Sur (Caraga) 9. Siquijor (Region 7) 8. Zamboanga del Norte (Region 9) 7. Sultan Kudarat (Region 12) 6. Bukidnon (Region 10) 5. Maguindanao (ARMM) 4. Northern Samar (Region 8) 3. Sarangani (Region 12) 2. Sulu (ARMM) 1. Lanao del Sur (ARMM) "Fund delivery to micro-enterprises shall be carried out in either by wholesale lending to non-bank financial institutions like MFI-NGOs, and cooperatives which shall on-lend the fund to beneficiaries or by direct lending by SB Corp, ” Lopez said. Priority for the program are those entrepreneurs who doesn't have easy access to credit. Examples are agri-businessmen or farmers, vendors, and micro entrepreneurs like sari-sari store owners, and many more. The good thing about the program, is that it does not require collateral. Borrowers can avail minimum of P5,000 to as much as P300,000. The interest rate shall be 2.17% monthly, a big difference compared to the 5-6 interest rate of 20% monthly. "This alternative funding dedicated for micro and small enterprises is meant to discourage the 5-6 money lending system in our country,” said Lopez “Fund delivery to microenterprises shall be carried out either by wholesale lending to non-bank financial institutions like microfinance institutions (MFIs) and cooperatives, which shall on-lend the fund to beneficiaries, or by direct lending by SB Corp,” Lopez explained. References: Loan, Business capital, government assistance, low interest rate loan, micro financing, capital loan, financing for entrepreneurs,
The Government is launching a lending program called Pondo sa Pagbabago at Pag-asenso (P3). With a P19 billion worth of fund for the next five years, the program is aimed to finance micro, small and medium businesses. And to eliminate 5-6 lending which charges a huge amount of interest (20%) per month. “The P3 is designed to bring down the interest rate at which micro-finance is made available to micro enterprises,” said Trade Secretary Ramon Lopez. For 2017, the allocated budget for the program is P1 billion. Initially, the program will be launched in the provinces of Mindoro and Leyte islands and Sarangani, which are among the top 30 poorest provinces. Eventually, we hope that this will be implemented all through out the country. SOME 20 POOR PROVINCES IN THE PHILIPPINES 20. Sorsogon (Region 5) 19. Zamboanga Sibugay (Region 9) 18. Negros Oriental (Region 7) 17. Leyte (Region 8) 16. Catanduanes (Region 5) 15. North Cotabato (Region 12) 14. Western Samar (Region 8) 13. Mt. Province (CAR) 12/11. Lanao del Norte (Region 10) 12/11. Eastern Samar (Region 8) 10. Agusan del Sur (Caraga) 9. Siquijor (Region 7) 8. Zamboanga del Norte (Region 9) 7. Sultan Kudarat (Region 12) 6. Bukidnon (Region 10) 5. Maguindanao (ARMM) 4. Northern Samar (Region 8) 3. Sarangani (Region 12) 2. Sulu (ARMM) 1. Lanao del Sur (ARMM) "Fund delivery to micro-enterprises shall be carried out in either by wholesale lending to non-bank financial institutions like MFI-NGOs, and cooperatives which shall on-lend the fund to beneficiaries or by direct lending by SB Corp, ” Lopez said. Priority for the program are those entrepreneurs who doesn't have easy access to credit. Examples are agri-businessmen or farmers, vendors, and micro entrepreneurs like sari-sari store owners, and many more. The good thing about the program, is that it does not require collateral. Borrowers can avail minimum of P5,000 to as much as P300,000. The interest rate shall be 2.17% monthly, a big difference compared to the 5-6 interest rate of 20% monthly. "This alternative funding dedicated for micro and small enterprises is meant to discourage the 5-6 money lending system in our country,” said Lopez “Fund delivery to microenterprises shall be carried out either by wholesale lending to non-bank financial institutions like microfinance institutions (MFIs) and cooperatives, which shall on-lend the fund to beneficiaries, or by direct lending by SB Corp,” Lopez explained. References: Loan, Business capital, government assistance, low interest rate loan, micro financing, capital loan, financing for entrepreneurs,

For 2017, the allocated budget for the program is P1 billion. 

Initially, the program will be launched in the provinces of Mindoro and Leyte islands and Sarangani, which are among the top 30 poorest provinces. Eventually, we hope that this will be implemented all through out the country.

SOME 20 POOR PROVINCES IN THE PHILIPPINES
20. Sorsogon (Region 5)
19. Zamboanga Sibugay (Region 9) 
18. Negros Oriental (Region 7) 
17. Leyte (Region 8) 
16. Catanduanes (Region 5) 
15. North Cotabato (Region 12) 
14. Western Samar (Region 8) 
13. Mt. Province (CAR) 
12/11. Lanao del Norte (Region 10) 
12/11. Eastern Samar (Region 8) 
10. Agusan del Sur (Caraga) 
9. Siquijor (Region 7) 
8. Zamboanga del Norte (Region 9) 
7. Sultan Kudarat (Region 12) 
6. Bukidnon (Region 10) 
5. Maguindanao (ARMM) 
4. Northern Samar (Region 8) 
3. Sarangani (Region 12)
2. Sulu (ARMM) 

1. Lanao del Sur (ARMM) 




"Fund delivery to micro-enterprises shall be carried out in either by wholesale lending to non-bank financial institutions like MFI-NGOs, and cooperatives which shall on-lend the fund to beneficiaries or by direct lending by SB Corp, ” Lopez said.

Priority for the program are those entrepreneurs who doesn't have easy access to credit. Examples are agri-businessmen or farmers, vendors, and micro entrepreneurs like sari-sari store owners, and many more. 

The good thing about the program, is that it does not require collateral. Borrowers can avail minimum of P5,000 to as much as P300,000. The interest rate shall be 2.17% monthly, a big difference compared to the 5-6 interest rate of 20% monthly. 
The Government is launching a lending program called Pondo sa Pagbabago at Pag-asenso (P3). With a P19 billion worth of fund for the next five years, the program is aimed to finance micro, small and medium businesses. And to eliminate 5-6 lending which charges a huge amount of interest (20%) per month. “The P3 is designed to bring down the interest rate at which micro-finance is made available to micro enterprises,” said Trade Secretary Ramon Lopez. For 2017, the allocated budget for the program is P1 billion. Initially, the program will be launched in the provinces of Mindoro and Leyte islands and Sarangani, which are among the top 30 poorest provinces. Eventually, we hope that this will be implemented all through out the country. SOME 20 POOR PROVINCES IN THE PHILIPPINES 20. Sorsogon (Region 5) 19. Zamboanga Sibugay (Region 9) 18. Negros Oriental (Region 7) 17. Leyte (Region 8) 16. Catanduanes (Region 5) 15. North Cotabato (Region 12) 14. Western Samar (Region 8) 13. Mt. Province (CAR) 12/11. Lanao del Norte (Region 10) 12/11. Eastern Samar (Region 8) 10. Agusan del Sur (Caraga) 9. Siquijor (Region 7) 8. Zamboanga del Norte (Region 9) 7. Sultan Kudarat (Region 12) 6. Bukidnon (Region 10) 5. Maguindanao (ARMM) 4. Northern Samar (Region 8) 3. Sarangani (Region 12) 2. Sulu (ARMM) 1. Lanao del Sur (ARMM) "Fund delivery to micro-enterprises shall be carried out in either by wholesale lending to non-bank financial institutions like MFI-NGOs, and cooperatives which shall on-lend the fund to beneficiaries or by direct lending by SB Corp, ” Lopez said. Priority for the program are those entrepreneurs who doesn't have easy access to credit. Examples are agri-businessmen or farmers, vendors, and micro entrepreneurs like sari-sari store owners, and many more. The good thing about the program, is that it does not require collateral. Borrowers can avail minimum of P5,000 to as much as P300,000. The interest rate shall be 2.17% monthly, a big difference compared to the 5-6 interest rate of 20% monthly. "This alternative funding dedicated for micro and small enterprises is meant to discourage the 5-6 money lending system in our country,” said Lopez “Fund delivery to microenterprises shall be carried out either by wholesale lending to non-bank financial institutions like microfinance institutions (MFIs) and cooperatives, which shall on-lend the fund to beneficiaries, or by direct lending by SB Corp,” Lopez explained. References: Loan, Business capital, government assistance, low interest rate loan, micro financing, capital loan, financing for entrepreneurs,
"This alternative funding dedicated for micro and small enterprises is meant to discourage the 5-6 money lending system in our country,” said Lopez

“Fund delivery to microenterprises shall be carried out either by wholesale lending to non-bank financial institutions like microfinance institutions (MFIs) and cooperatives, which shall on-lend the fund to beneficiaries, or by direct lending by SB Corp,” Lopez explained.

References:




©2017 THOUGHTSKOTO

OUR POPULAR CONTENT