MANILA, Philippines – The Department of Trade and Industry (DTI) is started rolling out the Pondo sa Pagbabago at Pagasenso Program (P3), a micro-financing program for small entrepreneurs, aimed at helping eradicate poverty and promote business and employment among Filipinos.
“We’re very much excited because this is our vision in the agency—to help underprivileged by giving better chances to elevate from poverty. Through this micro-financing program, those from the bottom of the pyramid will get to climb the ladder by expanding their businesses,” DTI – Regional Operations Group (DTI-ROG) Supervising Undersecretary Zenaida Maglaya said.
DTI Secretary Ramon Lopez is set to introduce the national conduits and local Micro-financing Institutions (MFIs) for the P3 program.
The Pondo sa Pagbabago at Pag-asenso (P3) is a P1 billion financing program intended to give MSMEs better access to finance and to reduce their cost of borrowing. The fund will also give priority to the country’s 30 poorest provinces.
Following President Rodrigo Duterte’s directive to replace the “5-6” money lending system, the P3 is also seen to help stabilize supply and cost of commodities in public markets, encourage small entrepreneurs to grow their businesses, and offer employment and generate income for Filipinos.
The P1 billion fund of the P3 program from the Office of the President will be coursed through the SB Corp., which will accredit partner institutions such as non-bank MFIs, cooperatives and associations to serve as conduit for the P3 funds. With borrowers identified through these, collection of repayments will be efficient.
“We’re very grateful that this Program has become a reality. MSMEs now have an option to avail of cheaper funds to expand their business,” Maglaya explained.
The primary beneficiaries of the P3 Program are microenterprises and entrepreneurs that do not have easy access to credit. These include market vendors, agri-businessmen and members of cooperatives, and industry associations.
P3 will also make it easy for borrowers since it will only require minimal documentation requirement; easy to access with only one (1) day processing of application; low cost interest at 2.5% per month; and easy payment with collection on a weekly or daily basis, as necessary.
Loan amounts to end-borrowers will range between P5,000 and P100,000, with no collateral requirement.
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Lolita Bautista
San puede mag apply?
Teodora Radam Cruz
Umaasa lang ako sa utang pampuhunan at ako ay vendor san po ako pede lumapit at ano po ang mga requirements para maka avail ng pautang.Maraming salamat po.
lovely pineda
ako po any single mother mern po ako isang anak nagtitnda po ako kasakasama q po sya.. minsan di po kmi makapagtinda ksi wla po kming pera.kapag makakaiutang ako makakapagtinda nmn kmi. my mga araw na wla kmg kita.sa iloilo po ba pwde nakapunta sa dti
elizabeth H.apilado
I’am Elizabeth H.apilado kng sino po b ang pwde tao namamahala sa micro financing program
oliver
san po ba magpunta para sa ganitong pautang.
oliver
ano ba ang mga requirments
Robilita laygo
I want to start a business and i dont have enough money for that..hope you can help
Aldren Lillo
Saan po pwdi mag apply,? At mron po b dto s malolos bulacan?
macreen macato
panu po ba ko mkasali sa p3 gusto ko pong magkaroon ng sariling puhunan kaya po nais ko pong makasali sa ganitong programa
Lovely Cardenas
Paanu po maka utang ofw ako pero gusto ko na mag for good
Arnel
Pano poh b manh hiram poh gusto q poh mag tayo ng stor kaso wl ako puonan poh
glenn f. dongel
sir maam saan po pwdeng mag apply ng loan gsto q po snang mag negosyo…tga san jose del monte bulacan po aq…
glenn f. dongel
pno po b mkautang ng p3 ano po bang requrment n kailangan pong ipasa ska s po b office ng dti d2 s sjdm bulacan…
enrico cruz
Gustoo ko mag loan saan pwede malolos bulacan po
jacqueline babano
Paano po ba mg apply? nag work po ako ngayon sa Lebanon
romeo m manahan
paano po mag apply pambili ko lang nang tire chager para sa vulcanizing shop ko.
Glenah Marie Granaderos
Paano po sumali pang dagdag puhunan may DTI permit po ako , small business lang !Ano po mga Requirements ng P3?!
Mary jane chavez Roque
Pano po ma avaik iton p3 program ng d DTI?
Taga caloocan po ako raising 7 children two times nbyuda hiwalay sa pangatlo. I need a financial support para sa siomai business maliit lang na puhunan para mkapg simula.
Jomar
Ako si jomar uutang po ako pang negosiyo ano po requirements
priscilla t ang
gusto ko po mgkaroon ng sariling bussines paano po mgloan..
April Joy Sarsoza
Paanu po mag apply dagdagan ko lang puhunan ang business ko
elizer dairo
Taga palawan po ako nais ko pong maging myembro ng programang ito,nais ko pong magtayo ng tindahan para makaipon sa panganganak ng asawa pano po at saan ano aaply dto at ano po ang mga requirements?
Jennifer saguid
Jenny
Gusto ko pong dagdagan ang aking paninda taga quezon citypo ako saan po aq pwede mag inquire at pasado po ba ako.
Salamat po
Juvy delacruz
reseller lng po aq sa online business gusto ko po sana na mg start ng negosyo na aq nlng saan aq pwedi umutang at anu requirements.salamat po.
Dyna May Taladua
Anu po requirements?
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Alok ng Pautang.
Flordeliz vallejo
Wala puh ba yang interest,kahit 5k lng Sana mautang ko pangpuhunan sa pagtinda ko sa school ma’am/sir
Jimmy boy langres
Pwede bang makakutang kht 30k dyan panimula lng sa neguyo kng kakanin para maka pag provide nmn ako ng prdukto namen sa mga palengke colateral ko na lng po ung honda beat ko
Jose Marie borromeo
Pano po mag apply ng business loan San pwd mag inquire,
Thanks
Nora Eleazar
Paano po kung hindi po ako ofw.gusto ko din po magstart ng negosyo para po dito na lang po sa bahay at naalagaan po ang mga bata.pwede po ba akong humiram ng pampuhunan sa negosyo.
celestino l soroysoroy
MAYRON PO AKONG BUSINESS 2YRS NA AKO NAG OPERATE GUSTO KO E EXPAND PA ITO,PAANU MAKAAVAIL NG LOAN/