KASAPI Microfinance and Rural Development, Inc. (KMRDI) in North Luzon area were recognized as P3 Outstanding Microfinance Institution (MFI) Partner of Small Business Corporation (SBC) for its outstanding performance under Pondo sa Pagbabago at Pag-asenso (P3) Program last November 26, 2018 at the Philippine International Convention Center, Pasay City, Philippines.

KASAPI Microfinance successfully implemented its microfinance operation and eventually partnered with Small Business Corporation in availing their regular wholesale lending and initially established P3 Program last May 2018.

A P3 program of KMRDI serve as a special loan program provided to help the economically active poor Filipino masses within all KASAPI KMRDI branches. In North Luzon, KASAPI’s operations sheltered the provinces of Isabela, Cagayan, Ilocos Norte, La Union and Pangasinan. The loan is intended to help qualified members in the operation of their small businesses.

The said award was categorized by areas of North Luzon, NCR/South Luzon, Central Luzon, Visayas and Mindanao, wherein there are different awardee per each area. The recognition of outstanding partners of SBC under P3 program was also feature in “The Philippine Star” published on November 26, 2018, one of the prestige and prominent newspaper in the Philippines.

The Small Business Corporation of Department of Trade and Industry (DTI) is very grateful in all over 267 Cooperatives and microfinance institutions that catered P3 loans in over 58,000 microenterprises in 77 provinces.

Chikki Anne U. Guevarra