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P204.31M loan released to MSMEs in typhoon-hit areas in Leyte

TACLOBAN CITY, April 28 — Some P204.31 million has been availed by 98 micro, small and medium enterprises (MSMEs) from Tacloban City and Leyte province under the credit brokering initiative of the Department of Trade and Industry (DTI).

DTI, following the onslaught of typhoon Yolanda, has introduced credit brokering to assist affected MSMEs in finding access to finance with softer terms for them to be able to bounce back.

Of the 98 MSMEs that availed of loan assistance first quarter of the year, the highest is in Tacloban with 67 borrowers and the fund release totaled to P154.35 million.

Meanwhile, 15 MSMEs from Ormoc City were extended a total of P22.7 million; P16.75 million to 10 MSMEs in Palo; P7.05 million to four businesses in Tanauan; and P1.5 million and P2 million to Tolosa and Dulag, respectively with one borrower each.

Prior, DTI also conducted financing forum in partnership with the Development Bank of the Philippines (DBP) and the Small Business Corporation (SBC) benefiting 293 individuals.(PNA)

LAM/PGLENA/EGR

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