This CSF is bound to benefit the Paranaque-based Micro Small and Medium Enterprises or what we call MSMEs. Indeed, our CSF program has come a long way from 2008 when we launched the 1st CSF in the Province of Cavite. It has been a challenging but fruitful seven years.
We have seen how MSMEs that lack collateral, gain access to bank loans and grow their business with the support of the credit surety fund program. As of August 2015, the 43 operating CSFs in the country have benefitted 14,600 MSME borrowers who received a total of P1.7 billion in bank loans.