DTI offers loans for MSMEs in calamity-stricken areas

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00:00Today, the Department of Trade and Industry, or DTI, launched its Enterprise Rehabilitation

00:05Financing Program to support recovery of MSMEs affected by recent typhoons.

00:12The program aims to serve as a lifeline and provide assistance to small business owners,

00:18particularly those who suffer damage and hit hard by Typhoon Christine, as well as those

00:24in areas declared under state of calamity by the NDRRMC.

00:30According to the DTI, MSMEs may apply for loans of up to 300,000 pesos with zero interest

00:37and no principal payment required for the first year.

00:40The loan will have an interest rate of 1% for the second year and third years.

00:45Applicants need only submit a government-issued DID, Mayor's Permit, Proof of Bank Account,

00:52and other documents which can be found on the agency's website.

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