SB 679
Senate·20th Congress·Filed Jul 16, 2025
Strenghtening Access to Credit for Micro and Small Business Act of 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 new fund to give low‑interest loans to micro and small businesses across the Philippines, especially in poor or underserved areas. The Small Business Corporation will manage the fund, lending 40 % directly and 60 % through partner banks and micro‑finance groups, with interest capped at 1 %‑2.5 % per month and no collateral required.
Public Works and InfrastructureBusiness, Trade and Industry
Automated summary by BatasWatch. It may miss nuance — read the bill text before citing it.
Author · Senator
Subjects
Micro and Small Enterprises (MSES)Pondo Sa Pagbabago At Pag-Asenso (P3)
Official sources
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SBN-679 · Sources: BetterGov Open Congress, BatasWatch