Land Bank of the Philippine has launched the LIFTING MSMEs Lending Program to empower micro, small, and medium enterprises (MSMEs) and their partner financial institutions with accessible financing and capacity-building support.
The program is part of LandBank’s efforts to drive economic activities and promote inclusive growth in the Philippines.
The LIFTING MSMEs Lending Program, which stands for LandBank’s innovative financing thrust towards inclusive national growth thru micro, small and medium enterprises, offers loan proceeds that eligible borrowers can use for working capital, business expansion, equipment purchase or upgrade, renovation, digitalization, franchising, export and trade finance and green or sustainable projects.
“MSMEs are the backbone of the Philippine economy, making up 99.6 percent of total business establishments and employing sixty-five percent of the total workforce,” said LandBank president and chief executive Lynette Ortiz.
“Every loan extended to an MSME creates a ripple effect — sustaining jobs, uplifting families, and strengthening communities. Through the LIFTING MSMEs Lending Program, LandBank is fueling this multiplier effect to accelerate inclusive and sustainable growth across the nation,” said Ortiz.
The program offers three loan packages tailored to different stages of business growth.
The Start-Up Loan is available for start-ups and microenterprises operating for less than one year, offering financing from P100,000 to P500,000. This package includes free financial literacy training, minimal collateral requirements, and low welcome interest rates.
Micro and small enterprises that have been operating for at least one year can apply for the Step-Up Loan, which provides between P500,000 and P5 million in financing.
Added benefits include free training, interest rate reductions, provision of a Point-of-Sale (POS) terminal, and eligibility to transition to higher financing.
The Level-Up Loan, offering up to P50 million, targets small and medium enterprises with more than three years of operations.
This package provides strategic funding for scaling businesses, coupled with lower interest rates and access to a LANDBANK corporate credit card.
The program also extends a rediscounting line to credit cooperatives, rural banks, and microfinance institutions (MFIs) that provide loan services to MSMEs, boosting their lending capacity by covering up to 85 percent of outstanding receivables.
