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MANILA - State-owned Philippine Guarantee Corporation (PhilGuarantee) has reached nearly PHP3 billion in financing assistance to micro, small and medium enterprises (MSMEs) through its credit guarantee facilities, in line with its key assistance role during the pandemic period that started in 2020. PhilGuarantee president and chief executive officer Alberto Pascual said the agency's credit guarantee portfolio for MSMEs registered a remarkable performance since the pilot implementation of the MSME Credit Guarantee Program (MCGP) in December 2020, with an initial portfolio of PHP207 million. As of March 10, 2022, he said the cumulative releases on the MCGP are currently at PHP2.950 billion, with MSME beneficiaries now at 20,310 entrepreneurs. A total of PHP1.48 billion of these releases were supported by the corporation's credit guarantee facilities to such groups. "The growth in the MSME credit guarantee portfolio, with the support of 18 banks in the country, represented mo ....

Camarines Sur , Alberto Pascual , Credit Guarantee Program , Philippine Guarantee Corporation Philguarantee , National Capital Region , Philippine Guarantee Corporation , Guarantee Program , Philguarantee Governing Board , Central Luzon , Northern Mindanao , Manila State Owned Philippine Guarantee Corporation Philguarantee Has Reached Nearly Php3 Billion In Financing Assistance To Micro , Mall And Medium Enterprises Msmes Through Its Credit Guarantee Facilities , N Line With Its Key Assistance Role During The Pandemic Period That Started In 2020 Philguarantee President And Chief Executive Officer Alberto Pascual Said Agency 39s Credit Guarantee Portfolio For Msmes Registereda Remarkable Performance Since Pilot Implementation Of Msme Program Mcgp December , Ith An Initial Portfolio Of Php207 Million As March 10 , E Said The Cumulative Releases On Mcgp Are Currently At Php2 950 Billion , Ith Msme Beneficiaries Now At 20 , 310 Entrepreneursa Total Of Php1 48 Billion These Releases Were Supported By The Corporation 39s Credit Guarantee Facilities To Such Groups Quot Growth In Msme Portfolio , Ith The Support Of 18 Banks In Country , Epresented More Than 13 Times Or 1 , 325 Percent Since December 2020 , Nd This Was Impacted Further By Philguarantee In The Implementation Of Its Key Assistance Role , Uot Pascual Said He Added That Msme Beneficiaries , Egistereda 589 Percent Increase , Rom The Initial Level Of 2 , 948 In December 2020 Finance Secretary Carlos Dominguez Iii , Ho Chairs The Philguarantee Governing Board ,