Eastern Visayas Pushes For Muslim-Friendly Tourism

Eastern Visayas shows its commitment to Muslim-friendly tourism by integrating halal practices in local dining and lodging.

Kalbario-Patapat Natural Park: Haven For Nature Lovers, Adventurers

In the heart of Luzon's northern tip lies Kalbario-Patapat Natural Park, known for its vibrant forests and its endangered resident, the Rufous hornbill.

Kendra Aguirre Navigates Through Growing Up In Debut Ep ‘Life These Days’

Kendra Aguirre's "Life These Days" stands as a testament to the beauty and challenge of youth.

Budget-Friendly Ilocos Destinations Eyed To Lure More Visitors

Tourism stakeholders in Ilocos Norte are committed to creating more accessible attractions to attract diverse travelers.

MSMEs In 7 Provinces, 26 Municipalities May Apply For Recovery Loan

Attention MSMEs: Recovery loans are now available for those impacted by Tropical Storm Kristine in select areas.

MSMEs In 7 Provinces, 26 Municipalities May Apply For Recovery Loan

6762
6762

How do you feel about this story?

Like
Love
Haha
Wow
Sad
Angry

The Department of Trade and Industry (DTI) on Monday said micro, small, and medium enterprises (MSMEs) in seven provinces and 26 municipalities and cities affected by Severe Tropical Storm Kristine (international name Trami) may apply for recovery loans.

In an ANC interview, DTI Acting Secretary Ma. Cristina Roque said that as of Oct. 27, almost 400 MSMEs were already affected by Kristine.

“So, for now, we have the enterprise for rehabilitation fund, which is PHP2 billion, which we are now dispatching to all the MSMEs that were affected by the calamity. This fund, they can get it from the SB Corp. (Small Business Corporation), which is actually the bank that is under DTI,” Roque said.

“There’s actually seven provinces and 26 municipalities and cities that can avail of this loan. Those are the ones that were affected by Kristine,” said Roque.

Among these areas are Albay, Camarines Norte, Catanduanes, Cavite, Camarines Sur, Cotabato, Quezon, Eastern Samar, Calbayog in Samar, and Borongan City in Eastern Samar, among others.

Roque said the loanable amount ranges from PHP10,000 to a maximum of PHP300,000, with zero interest on the first year.

SB Corp. can be reached through their website sbcorp.gov.ph or through their e-mail address [email protected].

The loan may be availed of until the end of the year.

“We are closely monitoring this to make sure that everybody who needs the fund can get it,” Roque said.

Roque said the DTI also intensified efforts in price monitoring and the prevention of profiteering to protect consumers in storm-affected areas. (PNA)