Financing Programs Loans and Financing Programs for Micro, Small and Medium Enterprises

Small and Medium Enterprise Credit (SMEC)

The PBSP-Small and Medium Enterprise Credit (SMEC) Program helps country-side based financial institutions increase their loan portfolios to small and micro enterprises (SMEs) outside the National Capital Region.

PBSP and its partner banks have provided P3.7 billion to some 8,860 SMEs nationwide, generating more than 14,000 jobs since 1989. SMEC has a P676.6 million loan portfolio available to small enterprises through qualified intermediary financial institutions.

Partnerships that Strengthen Banks and Entrepreneurs SMEC partners with thrift banks and rural banks as conduits of funds provided by a grant from the United States Agency for International Development (USAID) and a bilateral loan from the Kreditanstalt fur Wiederaufbau (KfW) of the Federal Republic of Germany.

The program also provides capability building to Intermediary Financial Institutions (IFIs) to enhance lending capabilities, and business support services to SMEs to improve productivity and competitiveness. The Corporate Volunteers for Enterprise Development, a business advisory program funded by the Canadian Executive Services Organization and supported by the Canadian International Development Agency, is one such support.

For more information, contact:

The Executive Director or The Group Director
Philippine Business for Social Progress
Small and Medium Enterprise Credit
18th Flr., Phil. Social Dev’t. Center,
Magallanes cor. Real St. Intramuros, Manila
Phone: (02) 527-7741 to 51
Fax: (632) 527-3743
Email: pbsp@pbsp.org.ph / smec@pbsp.org.ph
Web: www.pbsp.org.ph