With the help of BDO Network Bank, micro-businesses in Casiguran, Aurora are bouncing back.
Since the opening of a BDO Network Bank branch in November 2022, micro-businesses in Casiguran, Aurora have been thriving again. This comes after the effects of the pandemic, and the devastating Super Typhoon Karding that hit the province of Aurora last year, causing significant damage throughout the province, especially in the coastal municipality of Casiguran.
Support has poured in from both the government and private sector, including BDO Network Bank, the community bank of BDO, which responded to the financial needs of affected micro, small, and medium enterprises (MSMEs).
In an interview with the Ano Sa Palagay N’yo (ASPN) program on Net 25, BDO Network Bank President Jesus Antonio “Tonet” S. Itchon shared how the BDONB Kabuhayan Loan or MSME loan has helped micro-entrepreneurs to recover.
In addition to access to additional funding, MSMEs also benefited from having a BDONB Savings Account/Current Account to save and ensure the safety of their earnings each month.
Accessible cash for daily operating expenses such as rent, utilities, and employee salaries has also been a significant relief for business owners.
Itchon explained that BDO Network Bank is opening branches in remote towns like Casiguran to reach and provide the necessary financial products to communities that need it the most.
The BDO Network Bank Kabuhayan Loan or MSME loan is the solution for business owners who need extra funds to recover and grow their businesses.
An MSME can borrow anywhere from P30,000 to P500,000 without collateral. Payment options are also flexible, with borrowers able to choose from 12 to 24 monthly installment terms.
If you’re interested in applying for the Kabuhayan Loan, you can get more information by visiting the nearest branch of BDO Network Bank, accessing the BDO Network Bank website (https://www.bdonetworkbank.com.ph), or sending a direct message to the BDO Network Bank Official Facebook Page (https://www.facebook.com/BDONetworkBankPH).