Relative to the national rollout of the Pondo sa Pagbabago at Pag-asenso (P3) program of the agency on 31 May 2017, the Department of Trade and Industry Nueva Vizcaya in collaboration with the Small Business Corporation (SBC) conducted a briefing/ orientation to the fifteen (15) selected Micro-Financing Institutions (MFIs) on 19 June 2017 in the DTI-NV Negosyo Center Training Room.
Ms. Venus S. Albay, OIC of SBC in Northern Luzon group discussed the primary objective of the P3 program which is the easy access of the Micro, Small and Medium Enterprises (MSMEs) to finance thru simplified requirements in the processing of loans.
In addition, Ms. Albay presented the latest updates and funding status of the P3 program in Northern Luzon, the process and requirements of accreditation to local MFIs and the benefits of being a conduit to the said program.
Inquiries of the different MFI representatives were addressed accordingly by the presenter. Some MFIs gave a positive feedback by signifying their interest to become a conduit.