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Micro, Small and Medium Enterprises loans hit P5.5 billion

Total loans approved by banks to micro, small and medium enterprises (MSMEs) under a credit enhancement scheme reached P5.5 billion, according to the Bangko Sentral ng Pilipinas. The CSFs are now under the regulation of the Cooperative Development Authority (CDA) with the passage of Republic Act 10744 or the Credit Surety Fund Cooperative Act of 2015. (PhilStar)

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