...

Government P3 Lending Program For Filipinos From Php5, 000 to Php200, 000


Great news for Filipinos looking to start a business. The government launched a lending program called Pondo sa Pagbabago at Pag-asenso (P3).


The P3 is designed to bring down the interest rate at which micro-finance is made available to micro-enterprises,” said Trade Secretary Ramon Lopez.

So who can borrow from this lending program?

With a Php19 billion worth of funds for the next five years, P3 aims to finance micro, small, and medium businesses. Furthermore, they want to eliminate the 5-6 lending that charges 20% interest per month.

Please note: Only those with existing businesses and are able to pay are qualified under the program. The loan will be exclusively used for business.

Read: Upgrade Your Small Business Thru DOST SETUP where You Can Loan Up to Php 5M With No Interest

The eligible people who can borrow are people who own small-medium businesses. The government is giving priority to these businesses that can’t afford bank loans. Businesses such as: 

  • Market vendors
  • Sari-sari store owners
  • Stall owners
  • Others

14 thoughts on “Government P3 Lending Program For Filipinos From Php5, 000 to Php200, 000”


  1. Pwd po b mag loan ng boundary hulog na jeep?d2 to po ako sa olongapo.ocsay coop. Pra magkaroon aman po ako ng sarili ko jeep.17years na po kc ako nakikiboundary.

    Reply
  2. this was intentionally made to look easy to file make no mistake when you do it will make you go bck and forth with the requirements that keep on adding while you are completing and one requirement that was not mentioned hewre is the filing of tax – ITR – please do tell me if you think i am not right!!!!!!

    Reply

Leave a Comment