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By: Resel Joy Tianero and Roeyna May Famisaran
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Wednesday, February 1, 2017
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ILOILO City – With the Department of Trade and Industry’s (DTI) P3 program, micro, small and medium enterprises in Iloilo can now borrow money from the agency to avoid the 5-6 money lending scheme.
The P1-billion P3, or the “Pondo sa Pagbabago at Pag-asenso,” is the agency’s campaign to helps MSMEs all over the country and to shun loan sharks.
In a radio interview, DTI provincial director Diosdado Cadena said the program will also serve as an alternative assistance to entrepreneurs.
“Ini nga programa para man nga maka-provide sang ginatawag nga alternative funding or financing ang mga naga hurulamsa 5-6,” he said.
In a previous reported, the DTI said it has approved seven conduits for the program including CARD Mutually Reinforcing Institutions in Laguna; Omaganhan Farmers Agrarian Reform Cooperative and Libercon Multi-purpose Cooperative (MPC) in Leyte ; Zaragosa Agrarian Reform Cooperative in Bohol; Lanang MPC in Samar; Taytay sa Kauswagan in Iloilo; and Sapari MPC in Biliran./PN
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