DBP approves 2 programs to support MSMEs
Presidential Communications Assistant Secretary Ana Maria Banaag said the Development Bank of the Philippines (DBP) recently launched two new programs to support the country’s micro, small and medium enterprises sectors.
These programs are the DBP Small Business Purchase Loan and the DBP Broiler Contract Growing.
Under the DBP’s Sustainable Agribusiness Finance Corporation, the Broiler Contract Growing Program facilitates a financing through faster loan processing of poultry broiler contract growing projects to encourage our contract growers to expand their business.
The Small Business ‘Puhunan’ Loan Program, on the other hand, provides permanent working capital from as low as P300,000 to as high as 1 million to MSMEs with existing accounts either with DBP or other banks.