The Land Bank of the Philippines is expanding its push to bankroll grassroots enterprise with a new lending program designed to widen, simplify and tailor financing for micro, small and medium enterprises (MSMEs).
On December 9, LandBank signed a Memorandum of Agreement with the Department of Trade and Industry (DTI) for the LandBank Innovative Financing Thrust Towards Inclusive National Growth thru MSMEs, or LIFTING MSMEs, Lending Program.
The initiative seeks to unlock credit for entrepreneurs often sidelined by rigid bank requirements, while supporting inclusive economic growth through products aligned with MSMEs’ operating realities.
Under the program, loan packages are calibrated to a business’ stage of development. Start-ups may borrow between P100,000 and P500,000 to kick-start operations. Growing firms can access P500,000 to P5 million for working capital and expansion. Enterprises ready to level up may tap financing of as much as P50 million.
LandBank said the loans will carry flexible payment terms and varied collateral options, including real estate mortgages and credit guarantees, to ease access for smaller borrowers.
Beyond capital, the state lender will roll out financial literacy, entrepreneurship and business development training, while encouraging digital onboarding and the use of financial technology to speed up processing and monitoring.
DTI, for its part, will provide complementary support through its Negosyo Centers, offering training in entrepreneurship, digital marketing and product development. The agency will also help identify qualified borrowers, prioritizing women-led enterprises, young entrepreneurs, market vendors and franchising ventures.
The program was unveiled at a launch event at LandBank Plaza in Malate, Manila, attended by more than 200 MSME representatives from Metro Manila and nearby provinces, signaling strong demand for accessible, growth-oriented financing heading into the new business year confidently.
