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TCP tourism that is encouraging suffering from to avail of working money loans

Posted 17, 2020, 5:19 PM november

The application form for working money loans using the Small Business Guarantee Corporation (SB Corp.) to help tourism enterprises continues to be low, the Tourism Congress for the Philippines (TCP) stated on Tuesday, Nov. 17.

Jose Clemente III, TCP president, told the Manila Bulletin that only 426 tourism Micro, Small, and Medium Enterprises (MSMEs) have actually requested the mortgage system, with 160 establishments having finished what’s needed. The stated figures just cover about P100 million out from the P6 billion allocated capital for working money loans to the tourism sector underneath the Bayanihan To Heal as you Act or Bayanihan 2.

Clemente said there is certainly a necessity to help expand disseminate the system to encourage more tourism enterprises afflicted with the pandemic to make use of.

“We’re likely to do another information drive into the areas to further disseminate the program. We additionally believe that as individuals hear news of companies having authorized loans, more will avail from it,” he stated. Continue reading

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