Micro-businesses in Casiguran, Aurora have found a glimmer of hope through the expansion of BDO Network Bank in the area. With the devastating impact of the COVID-19 pandemic followed by the destruction caused by Super Typhoon Karding, micro, small, and medium enterprises (MSMEs) were in dire need of financial support to rebuild and recover. Recognizing this need, various government agencies and private sectors, including BDO Network Bank (BDONB), stepped in to assist the local businesses.
BDONB, the community bank of BDO, introduced the BDONB Kabuhayan Loan or MSME loan, which has played a significant role in helping micro-entrepreneurs revive their businesses. In an interview with Net 25’s Ano Sa Palagay N’yo (ASPN) program, BDO Network Bank president Jesus Antonio “Tonet” S. Itchon shed light on how this financial solution is aiding in the recovery process.
One of the primary advantages for MSMEs in Casiguran is access to additional funding. The Kabuhayan Loan offers micro-entrepreneurs the opportunity to secure loans ranging from P30,000 to P500,000 without requiring collateral. This financial boost allows businesses to cover essential expenses, invest in growth initiatives, and stabilize their operations.
Moreover, the presence of BDONB in Casiguran has facilitated the secure management of monthly income for MSMEs. By opening a BDONB Savings Account or Current Account, entrepreneurs can safeguard their earnings while ensuring easy access to funds for daily operating expenses. Whether it’s paying rent, utilities, or employee salaries, micro-entrepreneurs can rely on BDONB to support their financial needs.
The expansion of BDO Network Bank in remote areas like Casiguran is part of the institution’s commitment to reaching communities that are most in need of financial services. By providing easy access to financial products, BDONB aims to empower micro-businesses and contribute to the overall growth and development of local economies.
Repaying the Kabuhayan Loan is made convenient and affordable through flexible installment terms. MSMEs can choose from 12 to 24 monthly payment plans, allowing them to align their repayment schedule with their business cash flow.
To learn more about the Kabuhayan Loan and its benefits, interested individuals can visit the nearest BDO Network Bank branch, explore the official BDO Network Bank website (https://www.bdonetworkbank.com.ph), or reach out to the BDO Network Bank Official Facebook Page (https://www.facebook.com/BDONetworkBankPH) for direct inquiries.
The support provided by BDO Network Bank in Casiguran, Aurora has given micro-businesses a lifeline during challenging times. With access to financial resources and the guidance of a trusted community bank, these enterprises are now better equipped to bounce back, thrive, and contribute to the local economy’s recovery.
