The Small Business Corporation (SB Corp) recently added Koop King Multi-purpose Cooperative to its growing number of partner financial institutions (PFIs) for the Pondo sa Pagbabago at Pag-asenso (P3). As of May 31, 2019, there are over 400 PFIs and more than 80,000 micro borrowers nationwide.

Under the P3 Program, a micro enterprise can borrow P5,000 up to P200,000 depending on its business need and repayment capacity without collateral. For the loans, the interest rate and service fees are capped at 2.5 percent per month.

In photo are (from L-R) Koop King Multi-purpose Cooperative Head of Operations Department Ramil C. Balais, SB Corp. Financing Sector Group Head Lourdes Rosario Baula, Koop King Multi-purpose Cooperative General Manager Athena Caragay and Koop King Multi-purpose Cooperative Treasurer Winkle Tom DC. Moreno. (Published June 3, 2019)