The Department of Trade and Industry (DTI) said it will identify and endorse qualified borrowers to the state-run Land Bank of the Philippines under a newly-launched program.
LIFT MSMEs Program (LANDBANK Innovative Financing Thrust toward Inclusive National Growth) aims to improve micro, small and medium enterprises’ (MSMEs) access to capital.
The initiative supports the directive of President Ferdinand Marcos Jr. to expand affordable loans and financing for MSMEs, aligning with the DTI’s five-point agenda of providing financial and technical support to help these enterprises compete globally.
Through the LIFT MSMEs Program, MSMEs will gain access to innovative financing solutions designed to help them scale up operations, enhance competitiveness and play a stronger role in driving national economic development.
The DTI said in a statement it would also collaborate with LandBank in developing capacity-building programs to ensure endorsed MSMEs are well-prepared for financing and positioned for long-term growth.
