RANG-AY JOINS DTI IN CELEBRATING 2021 NATIONAL MSME WEEK
- August 18, 2021
Rang-ay Bank supports the micro, Small, and Medium Enterprise Development (mSMED) Council, with the Department of Trade and Industry (DTI), in the celebration of the National mSME Week 2021 from August 2 to 6 with the theme, “Makabagong mSMEs, Bagong Pag-asa Laban sa Pandemya.”
In the Province of La Union, various activities were held to institute continuing awareness of the primacy of mSMEs in nation-building. The Rang-ay team participated in the Financing Forum conducted by DTI-La Union held at CSI Atrium, City of San Fernando, La Union last July 13, 2021, which was attended by businessmen and women all over the province. Area Manager for South Branches Winnie Mingaracal together with Marketing Officer Florence Joy Licudine discussed the bank’s products and services emphasizing the bank’s mSME Business Loan Program designed for entrepreneurs.
Rang-ay Bank believes in local business and active compliance with Republic Act 9501 or the “Magna Carta for micro, Small and Medium Enterprises (mSMEs)” mandating allocation of credit resources for mSME’s. The bank exceeded the 10% mandatory compliance set by the law with 71.33% of its loan portfolio lent to mSME’s and agri-businesses as of December 31, 2020.
