Public Square
DBP finances MSME-friendly mall in Caloocan

STATE-owned Development Bank of the Philippines (DBP) approved a P2.5-billion credit assistance to Innov Block Development Corp. (IBDC) to finance the ongoing construction and completion of The Limketkai Podium, a lifestyle and commercial mall, located in the northern part of Caloocan City.

DBP President and Chief Executive Officer Emmanuel Herbosa said the mall was set to develop a tiangge (flea market) center within its premises that could accommodate over 1,300 stalls for micro, small and medium enterprises (MSMEs) looking for a viable site to cater to the needs of their target market.

The Development Bank of the Philippines hopes to help pivot more micro, small and medium enterprises toward strengthened market competence, increased productivity and improved overall competitiveness. CONTRIBUTED PHOTO