Tag: Credit Assistance to MSMEs

Jinggoy seeks better credit assistance for small firms

April 25, 2024

SENATOR Jinggoy Ejercito Estrada has filed a bill mandating banks to allocate credit resources for micro, small, and medium enterprises (MSMEs) citing the need to keep small businesses afloat. Estrada’s Senate Bill No. 2632 seeks to require all lending institutions to allocate at least 10% of their total loan portfolio to MSMEs. Additionally, compliance will…
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PHOTO RELEASE: Jinggoy wants to ensure credit assistance to small firms

April 25, 2024

Jinggoy wants to ensure credit assistance to small firms: Senator Jinggoy Ejercito Estrada files Senate Bill No. 2632, which aims to reinstate the legal mandate that provides mandatory credit assistance to micro, small, and medium enterprises (MSMEs). The provision under RA 6755 has already lapsed, and this bill seeks to ensure sustained credit assistance to eligible MSMEs.…
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