Small-scale lending up in PH – Tetangco

The winners of the Citi Microentrepreneurship Awards (CMA) are (front, from left) Jordan Inalisan, Regional Awardee for Visayas; Laarni Ditablan, Special Award for Agri Micro-business; Maternidad Salili, Regional Awardee for Mindanao; Lydia Malot, National Winner; Ester Shiela Vitto, Regional Awardee for Luzon; Victoria bantilan, Special Award for Agri Micro-business; and Marines Takingan, Special Award for Community Leadership. The awards were handed over to the awardees by CMA National Selection Committee members (rear, from left) Aftab Ahmed, Citi Philippines Chief Executive Officer; Amando Tetangco Jr., bangko Sentral ng Pilipinas Governor; Marixi Rufino-Prieto, Chair of the Philippine Daily Inquirer; and Fernando Zobel de Ayala, President of Ayala Corp.. The event was held at the bangko Sentral ng Pilipinas Main Office in Pasay City. PHOTO By ABBy PALMONES

Banks have allotted more funds for microfinance lending, the Bangko Sentral ng Pilipinas (BSP) chief said, allowing more Filipinos to secure small-scale loans in the first half of this year.