State-owned Small Business Corporation (SBCorp) welcomes its new President and Chief Executive Officer Ma. Luna E. Cacanando.
Cacanando brings with her more than three decades of MSME development finance experience and industry expertise, mostly as a government executive. She went on an early retirement from government service in February 2016 as SVP of Small Business Corporation and Head of the agency’s Financing and Capacity Building Sector.
Immediately prior to SBCorp, Ms. Cacanando was Credit Manager of Guarantee Fund for MSMEs (GFSME) until its merger with Small Business Guarantee and Finance Corporation (SBGFC or SBCorp) as the surviving entity in November 2001.
Fresh from graduation from the University of the Philippines, Los Banos with a degree of B.S. in Agricultural Economics, Cacanando joined the then KKK-Livelihood Corporation in August 1983. She joined GFSME in April 1993.
Prior to her appointment as SBCorp Director and to her election as SBCorp President/CEO on September 6, 2017, Cacanando had the chance to work with the private sector for more than a year still in the field of MSME finance. She was consultant of Country Builders Bank and of ADA Inclusive Finance, a Luxemburg development organization. She was Director of Negosyong Pinoy (Venture South) Finance Corporation and was eventually elected as its President/CEO in the first quarter of 2017.
Ms. Cacanando is an alumnus of the Asian Institute of Management (AIM) where she obtained a Masters degree in Development Management in 1996.
She was conferred Career Executive Service Office (CESO) by the Office of the President in 2001 and by the Career Executive Service Board in 1999, and at the same time as Career Service Executive Eligible (CSEE) by the Civil Service Commission.
Cacanando expresses strong belief in the MSME finance advocacy as an affirmative action in levelling the playing field for young enterprises that are yet to hurdle the age of maturity and for small enterprises that lack sufficient capital to get to expand into a formal business undertaking. She shared that studies put this hurdle at 42 months of sustained operation on the average (GEM, 2014) and the definition for formal business as the ability to reach an employment capacity of 10 people or to set up a distinct main office or branch (Census of Philippine Business and Industry, 2012).
Ms. Cacanando takes over the helm of SBCorp with great enthusiasm that the agency will accomplish its mandate in MSME finance and its unique role in the national development landscape as defined by the Magna Carta for MSMEs.