|
|
Increasing loan
portfolio to small entrepreneurs
The
PBSP-Small and Medium
Enterprise Credit (SMEC) Program
helps country-side based financial institutions
increase their loan portfolios to small and micro
enterprises (SMEs) outside the National Capital
Region.
PBSP and its partner banks have provided P3.7
billion to some 8,860 SMEs nationwide, generating
more than 14,000 jobs since 1989. SMEC has a P676.6
million loan portfolio available to small enterprises
through qualified intermediary financial institutions.
Partnerships that Strengthen Banks and Entrepreneurs
SMEC partners with thrift banks and rural banks
as conduits of funds provided by a grant from
the United States Agency for International
Development (USAID) and a bilateral loan from
the Kreditanstalt fur Wiederaufbau
(KfW) of the Federal Republic of Germany.
The program also provides capability building
to Intermediary Financial Institutions (IFIs)
to enhance lending capabilities, and business
support services to SMEs to improve productivity
and competitiveness. The Corporate
Volunteers for Enterprise Development, a business
advisory program funded by the Canadian
Executive Services Organization and supported
by the Canadian International Development
Agency, is one such support.
For more information,
contact:
The Executive Director
Philippine Business for Social Progress
or
The Group Director
Philippine Business for Social Progress -
Small and Medium Enterprise Credit
|
|
|
|
|
“The
SMEC partnership illustrates how best economic and non-economic
actors of society can work together… It is a coming
together of civil society, business, government and donors
who share the responsibility of improving the well-being of
the Filipino through enterprise promotion.”
- Ramon R. del Rosario, Jr.,
PBSP Trustee, SMEC Project Implementation Committee Chair,
and Chairman and CEO,
AB Capital and Investment Corp.
|
Program
Partners:
|
