Makati City, Philippines – The Small Business Corporation (SBCorp), an esteemed member of the Association of Development Financing Institutions in Asia and the Pacific (ADFIAP), is at the forefront of a significant new initiative by the Department of Trade and Industry (DTI): a ₱1-billion loan program specifically designed to empower women entrepreneurs across the Philippines.
This substantial funding, announced recently by the DTI, underscores a strong commitment to fostering inclusive economic growth and recognizing the pivotal role of women in the nation’s vibrant small and medium-sized enterprise (SME) sector. As the primary implementer of this program, SBCorp will play a crucial role in facilitating access to much-needed capital for women-led businesses, enabling them to expand operations, innovate, and create more employment opportunities.
The ₱1-billion loan program aligns perfectly with SBCorp’s mandate to provide accessible and affordable financing to Filipino MSMEs, a mission that resonates deeply with ADFIAP’s overarching goal of sustainable development through finance.
Through this initiative, SBCorp will leverage its expertise in credit assessment and loan disbursement to ensure that the funds reach deserving women entrepreneurs, particularly those in underserved areas or those looking to scale up their nascent businesses. The program is expected to offer flexible loan terms and streamlined application processes to maximize accessibility and impact.
This collaboration between the DTI and SBCorp, serve as a powerful testament to the impact that strategic partnerships can have on economic development. It highlights SBCorp’s dedication in translating national development agendas into tangible support for the business community, particularly for a demographic as vital as women entrepreneurs.
ADFIAP congratulates SBCorp and the DTI on the launch of this impactful program, confident that it will significantly contribute to the economic empowerment of women and the overall prosperity of the Philippines.