More Financial Institutions partner with SB Corp for P3 Program

Posted: June 3, 2019

The Small Business Corporation (SB Corp) recently added Koop King Multi-purpose Cooperative to its growing number of partner financial institutions (PFIs) for the Pondo sa Pagbabago at Pag-asenso (P3). As of 31 May 2019, there are over 400 PFIs and more than 80,000 micro borrowers nationwide.

In photo:(from L-R) Koop King Multi-purpose Cooperative Head of Operations Department Ramil C. Balais, SB Corp. Financing Sector Group Head Lourdes Rosario Baula, Koop King Multi-purpose Cooperative General Manager Athena Caragay and Koop King Multi-purpose Cooperative Treasurer Winkle Tom DC. Moreno.

Under the P3 Program, a micro enterprise can borrow P5,000 up to P200,000 depending on its business need and repayment capacity without collateral. For the loans, the interest rate and service fees are capped at 2.5 percent per month.♦

Date of Release: 3 June 2019