TACLOBAN CITY: The Small Business Corporation (SBC), the lending arm of the Department of Trade and Industry (DTI) has approved Php104 million in soft loans to 68 borrowers from Yolanda-hit areas as of end of last month.
Regional director Cynthia Nierras disclosed that to date, more than one half or around Php 59 million has been released.
The provision of soft loan was in response to the capital need of trading centers for them to be able to rehabilitate their businesses that were affected by the typhoon, she said.
The program started as early as February and four months thereafter, they were able to serve entrepreneurs from Tacloban City, Guian, Eastern Samar; Marabut, Samar and Leyte province.
She explained that the loans were not released in full but depending on their usage.
Nierras also assured that they are ready to implement programs under the livelihood cluster of the Office of the Presidential Assistant for Rehabilitation and Recovery (OPARR) that is expected to go full swing once President Benigno S. Aquino approves the rehabilitation plans of Leyte and Tacloban City. PNA