The initiative gives CCBPI’s partner retail stores, dealers, distributors, and other MSMEs access to resources that can contribute to their recovery from the effects of the pandemic.
The RISE UP Tindahan Project upholds CCBPI’s “People First” commitment of looking after its people and the communities it serves, as project beneficiaries can enjoy greater accessibility to sustainable financial loan programs that can encourage job creation, livelihood initiatives, and business growth.
Partners toward progress
According to CCBPI General Trade Director Chris Pesigan, the partnership with DTI’s Small Business Corporation manifests the collective, urgent goal of helping the MSME sector recover, stabilize, and progress. As an industry leader in manufacturing, CCBPI sets the benchmark in the FCMG sector in terms of distribution and trade network. The partnership with DTI SBCorp—and CCBPI’s established relationships with MSMEs, allows the RISE UP Tindahan Project to reach more Filipino households across the country.
Pesigan says, “We share the vision and commitment of the Small Business Corporation to uplift our retail partners as we make these sustainable financing initiatives more accessible to many. We are proud that, given CCBPI’s extensive footprint and expansive trade network, we’re in the best position to help in reaching more MSMEs across the country and contribute to truly inclusive economic growth.”
Santiago Lim, EVP and COO of Small Business Corporation, says, “We, at Small Business Corporation, are very much thankful for this opportunity to partner with the Coca-Cola Beverages Philippines Inc. as we reach out to more and more entrepreneurs down to the roots of our communities, not only here in the metro, but also to the rest of the provinces. Reaching out to the far ends can be a daunting task, but since we have Coca-Cola now as our partner, with your seasoned experience on the ground, we are confident that this project will be successful.”
Small Business Corporation is a government financial institution mandated to provide financing initiatives for MSMEs across all regions of the Philippines. SBCorp operates as guided by its vision that, by 2025, it will be the leader in sustained financing alternatives for Philippine MSMEs, putting them at the forefront of inclusive economic growth. Its mission, to which RISE UP Tindahan is anchored on, is to fight for the neglected business segments of the country to get them access to the capital they need to grow.
Accessible loan programs through quick, easy applications
The loans sourced through the RISE UP Tindahan Project are meant to help businesses adjust to the realities of doing business in the new normal. Additional funds, for example, can help MSMEs cope with rising consumer demand as the economy slowly opens back up again. SBCorp’s initiative of going into online application process has been a success, with around 40,000 applicants over the past two years. CCBPI is targeting the program’s amplified reach by leveraging its vast trade network, and now SBCorp is bridging gaps to meet the needs of micro-entrepreneurs.
“The process in RISE UP Tindahan is simple, which is key to reaching more MSMEs,” CCBPI General Trade Director Pesigan explains. “We need to overcome the challenge of inaccessibility, and part of this is making sure that procedures aren’t overly complicated—that MSMEs don’t feel intimidated or overwhelmed.”
For the benefit of MSMEs, the process for applying for a loan has been made more convenient and easy through RISE UP Tindahan. Those interested in applying can easily do so through www.brs.sbcorp.ph, with call center hotlines at 8651-3333 (NCR) and 1-800-10651-3333 (nationwide).
● Facebook: www.facebook.com/SmallBusinessCorporation
● Communications Unit: communicationsteam@sbcorp.gov.ph
● Website: www.sbcorp.gov.ph
● SB Corp Offices: https://sbcorp.gov.ph/about-us/directory-of-offices/
The RISE UP Tindahan Loan offers a loanable amount of up to Php 300,000.00 for Micro-tindahan loans (sari-sari stores), and up to Php 5M for SME loans (retail stores, dealers, and distributors), with three years repayment term inclusive of a grace period of up to 12 months and no collateral required.
Qualified for the loans are micro, small, and medium businesses (sari-sari stores, retail stores, distributors, etc.) under the FMCG-accredited partner (fast-moving consumer goods) . Applicants must also be ready with documents such as their barangay business permit, and government-issued IDs among others. The loan application will undergo credit, business, and financial assessments. Applicants will then be contacted via email regarding the results of each stage.
As catalysts of bringing MSMEs at the forefront of the growing business sector, the purposeful partnership of CCBPI and DTI SBCorp leads in equipping micro-entrepreneurs with the resources to recover and thrive in an increasingly competitive landscape.
