COVID-19 Loans for MSMEs Reach PHP 4.3 Billion

Source: Philstar

In the Philippines, loans approved by the financing arm of the Department of Trade and Industry (DTI) to assist micro, small and medium enterprises affected by the COVID-19 pandemic have reached PHP 4.3 billion as of end-May.

Trade Secretary Ramon Lopez said during the launch of the Negosyo Center online portal yesterday that the loans approved under the COVID-19 Assistance to Restart Enterprises program benefited 29,816 enterprises.