Jinggoy seeks better credit assistance for small firms
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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