BDO continues to support MSMEs

Oct 19, 2021 | Uncategorized

BDO’s sustainability efforts include support to MSMEs

Among the many businesses, the micro, small, and medium enterprises (MSMEs) are the most vulnerable to adverse shocks caused by the COVID-19 pandemic. MSMEs employ more than 5.3M Filipinos. They also account for more than 90% of enterprises and are often referred to as the backbone of the economy. 

BDO continues to support MSMEs

Benjamin Diokno, Bangko Sentral ng Pilipinas (BSP) Governor, acknowledges the role of MSMEs in the economy; thus called for urgent action to help the latter sustain their businesses. This way, they will also continue providing the essential services and daily needs we use. 

Opportunities for MSMEs

Small business owners can sustain their business operations through the Kabuhayan Loan of BDO Network Bank (BDONB). MSMEs operating for three years are qualified to apply for a loan amount from PHP 30,000 to PHP1 million. They can then use this to purchase the needed equipment or assets, increase their inventory of stocks, or expand the business with another branch in another location. 

Among the many who benefited from the Kabuhayan Loan is Ernesto Abad, a micro-enterprise owner from Los Baños, Laguna. He got to increase his inventory of stocks through the help of BDONB. 

“When the pandemic happened, closing the store crossed my mind. I was a bit hesitant, though, as it is only my source of income. So I reached out to BDONB, and I did not expect that even during the pandemic, they would offer to fund the additional poultry feeds I need,” he shared. 

BDO continues to support MSMEs
BDO continues to support MSMEs

More than increasing the inventory of stocks, ensuring accessibility of goods is another concern for small business owners. For Lulu Saquing of the Cagayan Valley Region, finding ways to reach her customers is essential in this time of the pandemic. Because of the Kabuhayan Loan, she bought a van that enabled her to deliver goods to wholesalers. It also served as a rolling store in her community to reach people with limited mobility.

Adjusting to the new norm

In response to the needs of their MSME clients, BDONB, the community bank of BDO Unibank, quickly implemented COVID-19 related safety protocols and periodic antigen tests in the corporate offices and branches to ensure the safety of employees. Clients were assured of continuous financial assistance amid the pandemic. 

Account officers met borrowers at checkpoints, towns, or stores to pick up loan document requirements in areas where strict quarantine measures were imposed. Though branches remained open, BDONB team found ways to adapt to the situation and serve clients who could not go to banks due to travel restrictions.

BDONB remains committed to providing financial assistance to micro-entrepreneurs and helping MSMEs overcome the effects of the pandemic. For those interested in applying for Kabuhayan Loan, the list of requirements is listed on their website and Facebook page.

Momi Berlin Directory

BDO Network Bank Website | Facebook

9 Comments

  1. Yanpaladquisol

    Galing naman ng BDO malaking tulong itong kabuhayan loan sa mga nahihirapan na small business. Sana marami pang small business ang matulongan nito. ❣️

    Reply
  2. Owen Ponce

    Love this effort/ campaign! This is timely and beneficial to us! In times of pandemic, small businesses really struggled, such a big help to every rising entrepreneurs and local businesses! Kudos for this program

    Reply
  3. Antoniette Sanchez David

    Wow nice may gantong programa pala si bdo para makatulong talaga sa mga small business good dahil we find ways talaga sa mga tao

    Reply
  4. Ma. Cyril Creer

    CommentAng ganda naman po nitong Kabuhayan Loan ng BDO . malaking tulong po talaga ito sa mga MSMEs kasi marami po talaga ang nangalugi dahil sa pandemya na ating kinakaharap ngayon ..
    Talagang BDO Find Ways para makatulong sa ating mga kababayan ..

    Reply
  5. Ma.Elma

    The best po talaga ang BDO..napaka laking tulong ito sa mga gusto magsimula ng sariling negosyo lalo na sa panahon ngayon..Hindi po talaga nawawalan ng magagandang programa ang BDO

    Reply
  6. Mitra Lyka

    We know that BDO always find ways kaya isa itong Loan na ito ang tulong niya naman sa ating mga kababayang may MSME business para makapag operate pa sa gitna ng pandemic.

    Reply
  7. Dhel Manog

    Saludo talaga ako sa BDO,simula ng magpandemic ang dami dami na nilang natulungan.Yong gagawa sila ng ways para maghatid ng tulong,like netong programa nilang kabuhayan Loan malaking tuling ito sa mga maliliit na nagnegosyo na naapektuhan ng pandemya.

    Reply
  8. Karen

    Big help talaga ang kabuhayan Loan ng BDO maraming natulungan na mamamayan para mkapagsimula ulit ngayong panahon ng pandemic

    Reply
  9. jennifer sarno cruz

    Thanks BDO for helping small business owner sustain their bread butter amidst the pandemic

    Reply

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