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Published May 5, 2021, 4:09 PM
State-run Philippine Guarantee Corp. (PhilGuarantee) sustained the growth of its guarantee program for viable but pandemic-hit micro, small and medium enterprises (MSMEs) for the third straight month since its launch in December last year.
The total loans guaranteed by PhilGuarantee reached P1.47 billion at end-March this year, the agency’s report submitted to Finance Secretary Carlos G. Dominguez III showed on Wednesday, May 5.
Alberto Pascual, PhilGuarantee president and chief executive officer said the guaranteed loans represent a 612 percent increase from the P207 million pilot guarantee portfolio achieved at the launching of the MSME Credit Guarantee Program (MCGP) in December.
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