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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 ....

Ramon Lopez , Month On , Assistance To Restart Enterprises , Development Authority , Service Facility , Secretary Ramon Lopez , Cooperative Month , Cooperative Development Authority , Bangsamoro Autonomous Region , Muslim Mindanao , Restart Enterprises , Shared Service Facility , Dti Secretary Ramon Lopez File Photo Manila Department Of Trade And Industry Has Lauded The Role Cooperatives As Quot Financial Front Liners During Pandemic For Being Able To Reach Assist Small Businesses With Limited Access Institutions Government Agencies You Are Our Essential Allies In Empowering Msmes Micro , Nd Medium Enterprises And Extending Government Services To Our Msmes At The Grassroots Level Who Are Based In Far Flung Areas Of Country , Uot Lopez Said In His Solidarity Message During The Opening Of Celebration Cooperative Month On Friday He Emphasized Need To Support Msmes Thrive Amid Global Health And Economic Crisis Quot These Entrepreneurs Are Important Contributors Our Country 39s Inclusive Sustained Growth Strategy , Uot Lopez Said , Dding That The Cooperative Development Authority Cda Has Been Dti 39s Partner To Provide Financial Services And Assistance Msmes He Likewise Lauded For Making Its Accessible Up Bangsamoro Autonomous Region In Muslim Mindanao Barmm , Specially During The Pandemic Cda Has 12 Million Members With Total Assets Amounting To Php573 Billion Anda Net Surplus Of Php23 5 Quot You Will Always Remain An Integral Partner Dti In Nation Building And Empowering Our People Achievea Better Quality Life , Uot Lopez Said He Aside From Microfinancing Assistance , Uch As The Pondo Sa Pag Asenso At Pagbabago P3 Program And Covid 19 Assistance To Restart Enterprises Cares , Ti Regional Offices Continue To Roll Out Shared Service Facility Ssf Projects Across The Country , S Well As Knowledge Development Programs To Encourage Filipinos Be Entrepreneurs Pna ,