HB 2978
House·20th Congress·Filed Aug 4, 2025
An Act Promoting Entrepreneurship by Establishing a Sustainable Financing Program for Micro and Small Enterprises Through the Pondo Sa Pagbabago at Pag-Asenso Program, and Appropriating Funds Therefor
In plain language
The bill creates a P3 Fund that will lend money to micro and small businesses at low interest rates (no more than 1 % per month for direct loans and 2.5 % for loans through partner banks), without requiring collateral, and will focus on poor and underserved areas.
Business, Trade and IndustryPublic Works and InfrastructureSocial Welfare
Automated summary by BatasWatch. It may miss nuance — read the bill text before citing it.
Authors · 4 Representatives
Official sources
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HB02978 · Sources: BetterGov Open Congress, BatasWatch