Back in 2018, then president Duterte via Executive Order 58 consolidated the different guarantee funds and entities and created a new entity called the Philippine Guarantee Corp. whose portfolio the following year amounted to a staggering P216 billion.
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State-owned Philippine Guarantee Corp. (PHILGUARANTEE) posted record financing assistance to micro, small and medium enterprises (MSMEs) during the prolonged pandemic. Based on a report to the Department of Finance released on Monday, April 4, PHILGUARANTEE said its credit guarantee facilities t