The Department of Trade and Industry (DTI) relaunched the Women’s Enterprise Fund (WEF), a P2-billion financing facility designed to expand access to capital for women-owned and women-led micro, small, and medium enterprises (WMSMEs).
Trade Secretary Ma. Cristina Roque said qualified entrepreneurs may borrow from P20,000 up to P10 million through the DTI’s financing arm, the Small Business Corporation (SBCorp).
The facility provides interest-free and collateral-free loans, making financing more accessible to women entrepreneurs seeking to start or expand their businesses. Repayment terms may reach up to five years, with an option for a grace period depending on the financing window.
Roque said the initiative forms part of the government’s continued push to empower MSMEs, which she described as modern-day heroes of the economy.
“Women are a vital driving force in our economy. In fact, more than half of newly registered businesses are owned or led by women. By providing accessible loans, we are empowering them further to grow their enterprises and create lasting opportunities for their families and communities,” she said.
Encouraging more women to pursue entrepreneurship and help generate additional income for their families.
The loans may be used for a range of business needs, including franchising, purchase order financing, business expansion, and recovery assistance.
SBCorp president and chief executive Robert Bastillo said the state-run lender has already disbursed more than P8 billion in loans to women-led MSMEs.
The Women’s Enterprise Fund was relaunched during the inaugural DTI Wedding Fair, which showcased the creativity and innovation of Filipino entrepreneurs in the wedding and events industry.
Interested entrepreneurs may apply online through the SBCorp Business Resource System portal at www.brs.sbcorp.ph. Applicants must submit a business permit such as a barangay certification, mayor’s permit, or BMBE certificate, a government-issued ID, proof of bank account, photos of the business, and other relevant corporate documents if applicable.
Roque encouraged women entrepreneurs to take advantage of the facility, particularly those planning to expand their businesses or strengthen their presence in export markets.
