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Tuesday, July 23, 2019

Stay Away From 5-6; DTI-P3 Program Is Here

Do you want to start a small business but you do not have cash and you don't know where to get your funds? 
The Department of Trade and Industry is now offering cash loans or micro loans which gives only 2.5 per cent interest for its borrowers.


Do you want to start a small business but you do not have cash and you don't know where to get your funds?   The Department of Trade and Industry is now offering cash loans or micro loans which gives only 2.5 per cent interest for its borrowers.        Ads  The program is called Pondo sa Pagbabago at Pag-asenso (P3)  It is a financing initiative of the government to assist micro entrepreneurs throughout the country by providing affordable and cost efficient micro loans with 2.5% monthly interest.  The P3 Program is a funding program that will provide an alternative source of financing for micro entrepreneurs that is easy and quick to access. The program is seen to give boost to the micro enterprises sector, which comprise the bulk of the micro, small and medium enterprises (MSMEs) sector in the country.  The program also aims to stabilize informal lending, locally known as 5-6 lending, and prevent micro enterpreneurs from falling victims from these usurious lenders.    Who are the beneficiaries of the P3 Program?  Target beneficiaries of the P3 Program are micro entrepreneurs including, market vendors, sari-sari store owners, stall owners, among others, who are mostly members of cooperatives. To emphasize, only those with existing businesses and are able to pay are qualified under the program. The loan will be exclusively used for business.   Where can micro entrepreneurs avail of the program?  The Small Business Corporation (SBC) has identified micro financing institutions (MFIs) or cooperatives throughout the country where the agency can funnel the funds allocated by the National Government and lend to end borrowers or micro entrepreneurs. (See list of MFIs/cooperatives for easy identification).  The beneficiary can also visit the nearest Negosyo Center, DTI Regional or Provincial Offices.  How much can a micro entrepreneur borrow from the program?  An end borrower may avail P5,000 up to P200,000 depending on the size of the business and the enterprise's ability to pay. For entreprises with at least one (1) employee, beneficiary can borrow up to P200,000.  The fund should be used for the enterprise's expansion and/or additional supplies of the business.  Ads          Sponsored Links    What are the requirements for application? Requirements for recipient of the program are: a. Duly accomplished loan application b. Business registration/DTI Business Name Registration/Valid ID/Barangay Clearance   How/where can I reach SB Corp. for additional details? For more information, micro entrepreneur can visit or call the following:  P3 hotline (02) 651-3333

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The program is called Pondo sa Pagbabago at Pag-asenso (P3)
It is a financing initiative of the government to assist micro entrepreneurs throughout the country by providing affordable and cost efficient micro loans with 2.5% monthly interest.

The P3 Program is a funding program that will provide an alternative source of financing for micro entrepreneurs that is easy and quick to access. The program is seen to give boost to the micro enterprises sector, which comprise the bulk of the micro, small and medium enterprises (MSMEs) sector in the country.

The program also aims to stabilize informal lending, locally known as 5-6 lending, and prevent micro enterpreneurs from falling victims from these usurious lenders.

Who are the beneficiaries of the P3 Program?

Target beneficiaries of the P3 Program are micro entrepreneurs including, market vendors, sari-sari store owners, stall owners, among others, who are mostly members of cooperatives. To emphasize, only those with existing businesses and are able to pay are qualified under the program. The loan will be exclusively used for business.


Where can micro entrepreneurs avail of the program?

The Small Business Corporation (SBC) has identified micro financing institutions (MFIs) or cooperatives throughout the country where the agency can funnel the funds allocated by the National Government and lend to end borrowers or micro entrepreneurs. (See list of MFIs/cooperatives for easy identification).

The beneficiary can also visit the nearest Negosyo Center, DTI Regional or Provincial Offices.

How much can a micro entrepreneur borrow from the program?

An end borrower may avail P5,000 up to P200,000 depending on the size of the business and the enterprise's ability to pay. For entreprises with at least one (1) employee, beneficiary can borrow up to P200,000.

The fund should be used for the enterprise's expansion and/or additional supplies of the business.
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What are the requirements for application?
Requirements for recipient of the program are:
a. Duly accomplished loan application
b. Business registration/DTI Business Name Registration/Valid ID/Barangay Clearance

For more information, micro entrepreneur can visit or call :

P3 hotline (02) 651-3333
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