Maranao traders financing

The Small Business Corp. participates in the Muslim Traders’ Entrepreneurship Forum 2019 at the FilOil Flying V Arena in San Juan City in support of the Department of Trade and Industry’s advocacy of helping Maranao traders throughout the country. Shown is SB Corp. financing sector group head Lourdes Rosario Baula (left) discussing the Pondo sa Pagbabago at Pag-asenso or P3 program, the administration’s landmark loan financing program intended to give micro enterprises better access to finance, providing them an alternative to the informal or 5-6 scheme of lending. Under the P3 Program, a micro enterprise can borrow P5,000 up to P200,000 depending on its business need and repayment capacity with no collateral requirement.