How to avail micro loan from DTI / Pondo Para sa Pagbabago, at Pag-asenso (P3) Loan Program

President Rodrigo Duterte is serious in destabilizing the 5-6 system – the Philippine-style loan shark system. 5-6 loan system has been giving headaches to Filipinos for decades, while lenders continue to make money.

“Pondo sa Pagbabago at Pag-asenso“ or P3 Program is already rolling out to provide an affordable loan to small and medium enterprises requiring borrowers to submit fewer documentary requirements for easier access to financing.

This is a directive from President Rodrigo Duterte to replace the “5-6” money lending system and eventually kill the “loan sharks” or lending agencies under a 5-6 scheme.

The government has allocated P1 billion for the program, a part of P19 billion financing initiative for micro and small businesses in the next five years.

Ano ang P3?

Ayon sa direktiba ng pangulo na maiangat ang MSME sector, isusulong ang programang Pondo sa Pagbabago at Pag-asenso (P3) ng gobyerno. Ito ay naglalayong tumulong sa maliliit na negosyante upang makahiram ng pang-kapital para mapalago ang kanilang negosyo. Ninanais nitong magbigay ng mabisang proseso ng alternatibong tulong pinansyal na may mababang interes at walang kolateral.

Sino ang makikinabang sa P3?

Layon ng programang ito na maabot ang mga maliliit na negosyante tulad ng mga nagtitinda sa palengke at mga sari-sari store owners.

              

Magkano ang pwedeng utangin?

Para sa mga nagnanais na maging bahagi ng pogramang ito upang mapalaki ang kanilang negosyo, ang P3 ay nagpapahiram ng halagang mula P5,000 hanggang P100,000.

Sino ang namamahala sa P3 program?

Inatasan ng DTI and Small Business Corporation (SB Corp) na mamamahala sa P3 Program. Maaring tawagan ang SB. Corp sa numerong (02) 751-1888, local 1742 at hanapin si Ginang Lyn Orsos. Para sa karagdagang impormasyon,pwedeng tumawag sa DTI Direct (+632) 751-3330 o pumunta sa pinakamalapit na regional office ng DTI

Priority Beneficiaries

• Microenterprises and entrepreneurs that do not have easy access to credit, or are accessing credit at very high cost
• Mirco-entrepreneurs
• Market vendors
• Agri-businessmen
• Members of Cooperative
• Industry Association
• Co-operators

Loanable Amount

P5,000 for start-ups to P300,000 with maximum interest rate of 26{47e4c95680cfa2693b2ea057e1d49de8a9784adc5ecdd3d3a10cec10371d16ef} per anum with no collateral requirements. This is lower than the 20 percent per day or weekly from 5-6 lenders or the so-called ‘Bumbay.’

The loan will be payable up to 90 days and it will depend upon your loanable amount and products.

Requirements

• Two (2) government issued IDs (Bring the original and photocopy)
• Business name registration
• Market clearance
• Mayor’s permit

How to Apply?

• With your complete requirements, visit the nearest Negosyo Center in your area and ask for an application form in the P3 program.
• Fill-up the application and submit your documentary requirements in the staff.
• The Small Business Corporation (SB) as an attached agency of Department of Trade and Industry (DTI) or through its accredited microfinance institutions or cooperatives may conduct customer intelligence (CI) or background investigation on your application to know your capacity to pay for your loan.
• Ideally, your loan will be released upon compliance with your documents.

In the absence of SB Corporation Branches in your area, you may also apply for the P3 program from accredited microfinance institutions or cooperatives.

Remember, the application for the P3 program is free and do not entertain individuals or groups who are recruiting and asking accreditation fees in exchange for the arrangement of immediate release of loans.

To know if you are transacting with accredited institutions contact SB Corporation in your area or the nearest Negosyo Center. Beware of scammers! /Marcial Buenavista/