2023 May – The expansion of BDO Network Bank in Casiguran, Aurora last November provided micro-businesses in the area an opportunity to bounce back through access to more financial resources.
After coping with the effects of the pandemic, micro, small and medium enterprises (MSMEs) faced another challenge when Super Typhoon Karding brought severe damage to Aurora province, especially in the town of Casiguran, a coastal municipality.
Various government agencies and private sectors, including BDO Network Bank (BDONB), the community bank of BDO, responded to needs of MSMEs.
In an interview with BDO Network Bank president Jesus Antonio “Tonet” S. Itchon on Net 25’s Ano Sa Palagay N’yo (ASPN) program, he shared how BDONB Kabuhayan Loan or MSME loan is helping micro-entrepreneurs in the recovery of their business.
The value of community banking. BDO Network Bank president Jesus Antonio S. Itchon explains the role of community bank in the recovery of micro-businesses in Casiguran.
In addition to access to extra funding, MSMEs in Casiguran were able to save and ensure the safety of their monthly income through BDONB Savings Account/Current Account.
Furthermore, the presence of BDONB also enabled micro-entrepreneurs to easily access cash for their daily operating expenses like payment for rental fees, utilities, and even the salaries of their employees.
Itchon explained that BDO Network Bank opens branches in remote areas like Casiguran to reach and offer financial products to communities who need it most.
BDO Network Bank Kabuhayan Loan or MSME loan is a financial solution for micro-entrepreneurs in need of extra funding for the recovery and growth of their businesses.
Micro-entrepreneurs may apply for a loan ranging from P30,000 to P500,000 without collateral. Payment is made easy and affordable with its 12 to 24 monthly installment terms.
To know more details about Kabuhayan Loan, go to the nearest BDO Network Bank branch in your area, visit BDO Network Bank website here, or send a direct message to BDO Network Bank Official Facebook Page here.
Casiguran, Aurora. Mercedita Morillo’s sari-sari store is now back in its pre-pandemic state through the help of BDO Network Bank Kabuhayan Loan. The extra funding enabled her to increase stock inventory and continue business operation which was affected by the pandemic and the onslaught of Super Typhoon Karding
