The Department of Trade and Industry – Regional Operations Group (DTI-ROG) on October 6, 2016 signed a Memorandum of Agreement (MOA) with BPI Family Savings Bank to provide technical and financial assistance to micro, small and medium enterprises (MSMEs) clients of Negosyo Centers.
DTI Undersecretary for Regional Operations Group Zenaida Maglaya welcomed the partnership with BPI Family Savings Bank, saying that the MOA will open doors for entrepreneurs in helping them expand the business.
“This is a most welcome partnership as we really push entrepreneurship because not only we are opening doors for would-be entrepreneurs, but we want them to work with our Negosyo Centers,” Maglaya said.
Under the MOA, DTI, BPI Family Savings Bank will aim to: conduct financial wellness seminars to MSMEs; provide MSMEs access to financial services; and present benefits of taking up a business loan to expand MSMEs’ businesses.
The BPI Family Savings Bank will also conduct financial wellness talk to MSMEs on topics such as basic information on loans, benefits of applying for a business loan, financial schemes, among others.
Ma. Cristina Go, Senior Vice President and Head of Retail Lending Group, BPI Family Savings Bank, said the MOA will encourage more aspiring Filipino entrepreneurs to venture into business.
“It’s our belief that awareness, education on how to put up business will give more Filipinos confidence to conduct more entrepreneurial ventures,” Go said, adding that “officially, we become the government’s partner through the Negosyo Centers.”