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DBP approves P250-M to upgrade school facilities

Shown during the signing of the loan agreement are (from left): UPHSD president Anthony Jose M. Tamayo; UPHSD corporate treasurer Daisy M. Tamayo; UPHSD CEO Dr./ BGen Antonio L. Tamayo; and DBP executive vice president Mario B. Palou.

The Development Bank of the Philippines (DBP) has approved a P220-million term loan and P30-million working capital for the University of Perpetual Help Rizal, Inc. which is doing business under the name University of Perpetual Help System DALTA (UPHSD).

A business unit under the DALTA Group of Companies founded by Dr. Antonio L. Tamayo, UPHSD runs co-educational and non-sectarian schools that offer different levels of educational programs from the preschool to graduate level.  The University of Perpetual Help itself is strategically located mid-south of Manila, and is the only university in the South with the most number of approved programs/ courses recognized by the Commission on Higher Education.

In line with the implementation of the K to 12 basic education program, DBP financed UPHSD’s four-storey senior high school building in its Molino campus in Cavite to accommodate an increased number of enrollees.  DBP will likewise finance renovation of its new college building, the extension of its engineering building, the proposed four floors of the Tamayo dormitory, among other projects.

Todate, UPHSD’s main campus located in Las Piñas has a student population of 12,000.  Its two other campuses located in Molino, Cavite and Calamba, Laguna have student populations of 4,000 and 2,500 respectively.

DBP’s assistance to UPHSD demonstrates the bank’s strategic thrust of contributing to the improvement of lives of Filipinos by helping to make available the highest possible standards of quality education.