The program has a target of aiding 42,000 MSMEs, SB Corp. Spokesman Robert C. Bastillo said at a Laging Handa brieThe program, known as the Resilient, Innovative and Sustainable Enterprises, Unleash your Powers , launches on Friday, May 6.According to Mr. Bastillo, RISE UP will offer a multi-purpose loan for multi-sectoral MSMEs, a loan product for small retailers known as Rise Up Tindahan, and a loan product for tourism businesses known as Rise Up Turismo.
Mr. Bastillo said the loan amounts are between P10,000 and P5 million. Eligible applicants must have been in operation for at least a year. He added that current MSME loan clients in good standing or those that have paid off their loans can borrow up to P10 million from RISE UP.
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