The Department of Trade and Industry (DTI) gave more than P 4.9 million in affordable loans to micro, small, and medium enterprises (MSMEs) in Laguna on Thursday, June 26. The move will help MSMEs who are in need of capital for business expansion and operational growth.
The financial support was distributed during a town hall meeting as part of a broader DTI initiative that has already injected over P 86.56 million into Laguna’s local economy since August 2024.
“These figures are more than just numbers—they reflect expanded business opportunities, more jobs for Filipinos, and stronger economic resilience at the local level,” said Secretary Cristina A. Roque.
The funding was channeled through two specific programs managed by the Small Business Corporation, the DTI’s financing arm.
Under the RiseUp Multi-Purpose Suki Loan Program for established borrowers, financing was awarded to Minette Tambago of Tamagdo Builders (P 2.3 million), Ma. Perliz Santiago of Lackey Excel Hardware (P 1.5 million), and Marilyn Ceredon of Lavmemar Travel and Tours (P 450,000).
Meanwhile, first-time borrower Leonard Remi Liu, owner of Woodcraves Online Shop, secured P 700,000 through the SME Multi-Purpose Loan First Timer Program, which is designed to simplify capital access for entrepreneurs.
The awarding ceremony was also a highlight of the “DTI Secretary Goes to the Regions” program in CALABARZON, a two-day initiative from June 25 to 26 aimed at making government services and programs closer to provincial communities.
As part of the regional visit, DTI officials conducted price monitoring of basic necessities and prime commodities in Sto. Tomas City to ensure consumer protection. The agency also brought its Diskwento Caravan to the area, offering residents access to stable goods at a 10% discount.
In Lipa City, the DTI team engaged with the private sector and visited local businesses such as Café de Lipa to study successful enterprise models. Discussions were also held with stakeholders at the Lipa-Malvar industrial estate, focusing on sustainable production, innovation, and workforce advancement.