Philippines: Landbank Offers Loan Package to Help Small Firms Recover


Small and medium-sized enterprises (SMEs), cooperatives and microfinance institutions may avail themselves of loans being offered by the state-owned Land Bank of the Philippines to finance their recovery initiatives following the COVID-19 pandemic.

Landbank’s lending program dubbed I-RESCUE (Interim Rehabilitation Support to Cushion Unfavorably-affected Enterprises by COVID-19) provides credit and loan restructuring, the state-run lender said in a statement on Wednesday.

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