TIM eMagazine Vol.4 Issue 2
In photo (from left to right) are CIS Bayad Center, Inc. SVP & COO
Francispito P. Quevedo, CIS Bayad Center, Inc. President & CEO Man-
uel L. Tuason, SB Corp President and CEO Ma. Luna Cacanando and
SB Corp Board of Director Santiago Lim
Credit: www.dti.gov.ph
T
he Small Business Corporation (SB Corp.), the
financing arm of the Department of Trade and
Industry (DTI), recently partnered with the
country’s pioneer in outsourced bills payment
collection industry CIS Bayad Center, Inc. for its
loans payment collection.
“Having an accessible and reliable payment
facility is very important to the MSME sector.
With this recent partnership, our MSME clients
will have access to a payment facility near
them with longer business hours than that of most banks,” SB Corp
President and CEO Ma. Luna Cacanando said.
Cacanando added that with the Pondo sa Pagbabago at Pag-
asenso (P3) Program in full swing, SB Corp needs a loan collection
partner that is known to many and has presence even in rural areas.
The P3 Program now has nearly 400 conduits and more than
80,000 micro borrowers nationwide.
Under the P3 Program, a micro enterprise can borrow P5,000
up to P200,000 depending on its business need and repayment
capacity without collateral. For the loans, the interest rate and
service fees are capped at 2.5 percent per month.
“Being the pioneer in outsourced bills payment collection, we
have earned the confidence of the paying public. With Bayad
Center's network, SB Corp’s clients can now pay their loan
amortization conveniently at any Bayad Center Branches and
Authorized Partners nationwide,” Bayad Center President & CEO
Manuel Tuason explained.
Through the partnership, SB Corp loan clients can now pay their
regular loan amortization at the nearest Bayad Center starting this
June.
www.dti.gov.ph
SB Corp
partners with
Bayad Center
“Having an accessible and reliable
payment facility is very important
to the MSME sector. With this recent
partnership, our MSME clients will
have access to a payment facility near
them with longer business hours than
that of most banks,” SB Corp President
and CEO Ma. Luna Cacanando said.
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