Philippines government’s microfinance facility goes nationwide

Friday, June 2, 2017

The Government’s micro-finance facility will be made available nationwide to micro entrepreneurs starting May 31, 201 .

Dubbed as Pondo sa Pagbabago at Pag-asenso (P3), Trade & Industry Undersecretary for Regional Operations Zenaida Maglaya said the administration’s brainchild of micro-finance facility encourages micro entrepreneurs to borrow money from P3 that will help them finance their businesses.

“P3 is intended to help the underprivileged Filipino entrepreneurs who want to grow their businesses. With this program, they can access cheap and easy credit without any hassle. After filling out a half-page application and presenting necessary documents, the money can be released within the day,” Maglaya explained.

Source: Philippines Information Agency (link opens in a new window)

governance, microfinance