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Saturday, June 03, 2017

P3 Easy Govt Loan Program As An Alternative To 5-6, Goes Nationwide

First implemented in Mindoro, Sarangani, and Leyte earlier this year, now the Pondo sa Pagbabago at Pag-asenso  (P3) is already available nationwide starting May 31, 2017.  Because of this micro-entrepreneurs around the country will now have an access to cheap and easy loan from P5,000 and P100,000 with no collateral requirement.  Microenterprises and entrepreneurs are the primary beneficiaries of the P3 Program including market vendors, agri-businessmen, a member of cooperatives and industry associations.





(Government offers safer and low interest alternative for 5-6 lending scheme)

First implemented in Mindoro, Sarangani, and Leyte earlier this year, now the Pondo sa Pagbabago at Pag-asenso  (P3) is already available nationwide starting May 31, 2017.

Because of this micro-entrepreneurs around the country will now have an access to cheap and easy loan from P5,000 and P100,000 with no collateral requirement.

Microenterprises and entrepreneurs are the primary beneficiaries of the P3 Program including market vendors, agri-businessmen, a member of cooperatives and industry associations.

(The following information are taken from small business corporation website, DTI's partner in 3P implementation)


For additional information, interested applicants may call SMALL BUSINESS CORPORATION P3 Hotline (+ 632 813-5711)

You Can also Call or text the following numbers:

Head Office/Southern /Central Luzon (Smart: 0928-768-4674 /Globe: 0956-688-9496)

North Luzon (Smart: 0949-712 -0802/Globe :0956-688-9518)

Visayas (Smart: 0921–534-3584/Globe: 0995-549-2889)

Mindanao (Smart: 0949-712-0780 /Globe: 0956-674-0639)

You can also inquire in DTI Negosyo Center o call in DTI Direct (+632 751- 3330/ +63 917 834-3330)







P3 will also make it easy for borrowers since it will only require minimal documentation requirement; easy to access with only one (1) day processing of application; low-cost interest at 2.5% per month; and easy payment with collection on a weekly or daily basis, as necessary.

The P3 is Department of Industry or DTI's program following President Rodrigo Duterte's directive to replace the “5-6” money lending system.

P3 is P1 billion financing program intended to give MSMEs better access to finance, and to reduce their cost of borrowing. 
(Mababang interes sa mga gustong magkapuhunan, alok sa programang pautang ng DTI na P3)




The program also aims to help stabilize supply and cost of commodities in public markets, encourage small entrepreneurs to grow their businesses, eliminate loan sharks, and offer employment and generate income for Filipinos.

DTI Undersecretary for Regional Operations Zenaida Maglaya said the administration’s brainchild of micro-finance facility encourages micro entrepreneurs to borrow money from P3 that will help them finance their businesses.




With sufficient funds to provide to borrowers, the Department of Trade and Industry (DTI) and its micro-financing arm Small Business Corporation (SB Corp) will lead the implementation that will assist microentrepreneurs financially and enable them to grow their businesses.


(Failon Ngayon: P3 as an alternative credit system to 5-6)

Being the administration’s program to provide an affordable micro-financing for the country’s micro-entrepreneurs, the P3 funding program provides micro enterprises an alternative source of financing that is easy to access and made available at the cheapest cost.
(24 Oras: Mahigit 100 maliliit na negosyo, nakakuha na ng loan sa DTI P3)


The P3 Program was launched in Tacloban in Leyte on January 25, San Jose, Occidental Mindoro on January 27, and Alabel, Sarangani last January 30. A total of P7.7 million have been released to individual borrowers in these pilot areas: P3.5 million in Mindoro, P2.2million in Sarangani, and P1.8 million in Leyte.

The fund will also give priority to the country’s 30 poorest provinces.



First implemented in Mindoro, Sarangani, and Leyte earlier this year, now the Pondo sa Pagbabago at Pag-asenso  (P3) is already available nationwide starting May 31, 2017.  Because of this micro-entrepreneurs around the country will now have an access to cheap and easy loan from P5,000 and P100,000 with no collateral requirement.  Microenterprises and entrepreneurs are the primary beneficiaries of the P3 Program including market vendors, agri-businessmen, a member of cooperatives and industry associations.




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