SB Corp Launches 3 Programmes to Encourage SME Lending in Manila

Mumbai, India (PressExposure) January 20, 2009 -- Philippines’ state-run Small Corporation (SB Corp.) recently announced its decision to launch three new programmes aimed at encouraging banks to increase their lending to the micro, small and medium enterprise (MSME) sector in Manila. The initiation of these schemes is expected to help the bank provide financial services and formulate capacity building support measures that promote MSMEs.

SB Corp. has introduced a number of banking and financial products, namely, the MSME Capability Building Fund Participation, MSME Exchange and MSME Note. Such bank-friendly compliance products will be issued to other banks in Philippines. These banking services are designed to help SB Corp. in its endeavour to support MSMEs and empower them as viable businesses.

MSME Capability Building Fund Participation is a credit compliance certificate to be issued to banks that will take part in the capacity building programmes of SB Corp. MSME Note is an interest-bearing certificate that would be offered to all lending institutions, whether public or private. It is a non-negotiable certificate of indebtedness issued with a term of six months to a year.

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Press Release Submitted On: January 20, 2009 at 6:13 am
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