Tourism MSMEs Offered Loans Up to PHP20 Million Under SBCorp
Manila: Tourism-related micro, small, and medium enterprises (MSMEs) may now avail of loans of up to PHP20 million through the Turismo Asenso multipurpose loan program under the Small Business Corporation (SBCorp), the Department of Tourism (DOT) announced Wednesday. The DOT said the program aims to empower tourism MSMEs by providing access to low-interest financing to help scale up operations and enhance services for visitors. According to Philippines News Agency, the program was launched following the formal signing of a memorandum of agreement between the DOT and the Department of Trade and Industry last April. Tourism Secretary Christina Frasco emphasized the