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DBP RESPONSE to Accelerate MSME Recovery

The DBP RESPONSE to accelerate MSME Recovery (DBP RESPONSE-MSME RECOVERY) is a sub-program of DBP RESPONSE created in compliance to the Republic Act No. 11494 or known as the Bayanihan to Recover as One Act directing the Development Bank of the Philippines (DBP) to introduce low interest and/or flexible term loan program for operating expenses available to businesses affected by the COVID-19 pandemic, particularly that priority shall be given to those engaged in agri-fishery and non-essential businesses[1] , including but not limited to, start-ups and cooperatives.

[1] Non-essential businesses are those businesses that are not allowed to operate at 100% capacity under ECQ as defined by DTI Memorandum Circular 20-44 S. 2020. Please see attached Annex A – List of allowed Establishments to operate according to Quarantine Status.