SB Corp., UP Los Baños ink pact opening MSME Finance Institute. The Small Business Corporation (SB Corp) forged a partnership with the University of the Philippines – Los Baños (UPLB) to help boost an inclusive and integrated entrepreneurial and innovation ecosystem for Filipino entrepreneurs through the MSME Finance Institute at the State University’s campus in Los Baños, Laguna. The MSME Finance institute housed athe the UPLB Center for Agribusiness Center for Entrepreneurship (UPLB-ACE) will serve as a knowledge center for MSMEs.
The institute will serve as venue for providing entrepreneurs continuous access to training programs, technology, knowledge and information, research and development network, and infrastructure. Throughout different phases of the enterprise, appropriate funding will also be made available in the form of loans or equity financing.
Under the agreement, SB Corp will provide financial institutions lending to MSMEs with capacity building programs on risk-based lending technology and MSMEs with financial education; access to industry linkages through DTI’s network; equity financing facility; low-cost lending through the Pondo sa Pagbabago at Pag-asenso (P3) Program. (Published April 22, 2019)
At the SB Corp-UPLB MOA ceremonial signing and facility inauguration are (from left to right) UPLB Technology Transfer and Business development Office Director, Glen Baticados; Department of Trade and Industry (DTI) Management Services Group Undersecretary Ireneo Vizmonte, SB Corp President and CEO Ma. Luna Cacanando, UPLB Vice Chancellor for Planning and Development Marish S. Madlangbayan, Ph.D.; Dean College of Economics And Management Isabelita Pabuayon and UPLB Department of Agribusiness Management and Entrepreneurship Director Normito Zapata Jr.