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Co-ops act as financial front-liners during pandemic: DTI

DTI Secretary Ramon Lopez (File photo) MANILA - Department of Trade and Industry (DTI) Secretary Ramon Lopez has lauded the role of cooperatives as "financial front-liners" during the pandemic for being able to reach and assist small businesses with limited access to financial institutions and government agencies. "You are our essential allies in empowering MSMEs (micro, small, and medium enterprises) and extending government services to our MSMEs at the grassroots level who are based in far-flung areas of the country," Lopez said in his solidarity message during the opening of the celebration of Cooperative Month on Friday. He emphasized the need to support MSMEs to thrive amid the global health and economic crisis. "These entrepreneurs are important contributors to our country's inclusive and sustained economic growth strategy," Lopez said, adding that the Cooperative Development Authority (CDA) has been DTI's partner to provide financial service

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