In a statement, LandBank said there were 227 borrowers who availed of the loan assistance. Of these, 167 are MSMEs, 34 cooperatives, four microfinance institutions , and three large corporations as of end-January.
Established in April last year, the program seeks to provide credit and loan restructuring under more flexible terms and conditions to MSMEs, MFIs, and cooperatives. "We are enhancing the I-RESCUE Lending Program to cover a wider range of key industries that need greater access to credit," LandBank President and CEO Cecilia C. Borromeo was quoted as saying in the statement.
I thought it reads smuggling MSMEs. Struggling pala!🤣
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