BSP, CDA push wider access to credit for cooperatives, MSMEs | Inquirer Business

The Bangko Sentral ng Pilipinas (BSP) wants small cooperatives and small businesses to have better access to loans that...

Credit scoring model for small businesses launched | Inquirer Business

The Bangko Sentral ng Pilipinas (BSP) and the Japan International Cooperation Agency (Jica) have jointly launched the Credit Risk Database Scoring Model to help lenders better assess the creditworthiness of small and medium enterprise borrowers, including those without credit history or adequate collateral. According to BSP Governor Felipe Medalla, this latest tool for banks was intended to bridge the funding gap for micro, small and medium enterprises (MSMEs) while enhancing the credit risk management of financial institutions using a data-dri ...

Marcos assures biz sector of continuing support

has assured members of the country’s largest business organization, the Philippine Chamber... The government also improved access to finance for Filipino micro, small, and medium...

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Microloans | U.S. Small Business Administration

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PH banks fail to meet mandated lending to MSMEs, again

Rural and cooperative banks continued to do the heavy lifting in extending loans to micro, small and medium enterprises (MSMEs).

Asiamoney affirms RCBC’s digital dominance with 4-Peat win

For a fourth consecutive year, Rizal Commercial Banking Corporation (RCBC) was named once again the Philippines’ Best Bank for Digital Solutions by Asiamoney for 2023, solidifying its position as the undisputed digital banking trailblazer in the country. RCBC is recognized for its roster of Innovations with Empathy, an array of digital solutions which champions massive digital transformation and supports the financial inclusion efforts of the government, all whilst cultivating a culture of customer service excellence. ...

DTI allocates P2B loan assistance to Kristine-hit MSMEs

MANILA, Philippines — The Department of Trade and Industry (DTI) has allocated P2 billion loan assistance for Micro, Small, and Medium Enterprises (MSMEs) that were affected by Severe

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