Leyte MSMEs Thrive with the Negosyante Loan

The Negosyante Loan, crafted by BDO Network Bank, is tailored to assist entrepreneurs seeking additional funds for expansion, acquiring extra inventory or equipment, and establishing new outlets.

 

Numerous micro, small, and medium-sized enterprises (MSMEs) in Leyte have experienced business expansion and market diversification, thanks to the financial backing provided by BDO Network Bank.

 

Carlo Romano, Chairman of Palo Livelihood Cooperative Center, revealed that cooperative members seized the opportunity offered by the Negosyante Loan from BDO Network Bank to augment their capital when their existing funds fell short.

 

"For instance, the producer of Moron and Binagol (rice-made desserts) took a loan from BDO Network Bank to add to their capital. Now, their business has a license to operate from the Food and Drugs Administration. It means their products are eligible for export. Even during the pandemic, their business is still thriving," explained Romano.

A member of Palo Cooperative Livelihood Center shared how BDO Network Bank empowered her to become an exporter of Moron and Binagol. (Photo courtesy of Palo LGU and Carlo Romano)

 

For her part, Zenaida Subang, a hardware and construction supply owner, admitted that the additional funds from BDO Network Bank helped her purchase materials in wholesale. Now, besides having many loyal customers, she has also provided employment to residents in her community.

 

BDO Network Bank designed the Negosyante Loan to support entrepreneurs who need extra funds to expand, purchase additional inventory or equipment, and open another outlet.

 

The loan amount ranges from PHP 30,000 to PHP 1 million, which can be repaid within one to three years.

 

For more information about BDO Network Bank's products and services, visit the nearest BDO Network Bank branch, check the BDO Network Bank website (https://www.bdonetworkbank.com.ph), or send a direct message to the BDO Network Bank Official Facebook Page (https://www.facebook.com/BDONetworkBankPH).