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Tuesday, March 19, 2024

SBCorp, Alaska sign STAPLES agreement

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Small Business Corp. (SBCorp) signed an agreement with Alaska Milk Corp. for collaborative efforts to implement the Sustaining Trade and Access to Primary Food and Link to Enterprises (STAPLES) program.

Under STAPLES, micro, small and medium enterprises of fast-moving consumer goods companies such as Alaska can gain access to collateral and interest-free loans from SBCorp to fund their working capital requirements.

“DTI, as led by Secretary Ramon Lopez, would like to express our heartfelt gratitude to Alaska Milk Corporation for opening its doors to the STAPLES Program. This partnership with SBCorp could not have come at a better time and we are very positive that it will impact the MSME players in the food supply chain affected by the pandemic,” said DTI Undersecretary for regional operations and acting chair of SBCorp Blesila Lantayona.

STAPLES aims to prevent closure of business operations of MSME retail outlets, especially the small community retailers commonly known as “sari-sari” stores. 

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