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DBP supports micro business enterprises

Shown during the signing ceremony (seated, from left) are: DBP senior assistant vice president Romeo Carandang; Ant Colony Trading owner Julius Olfato; ATC Apparel owner Araceli Tagorda-Caguimbal; DBP executive vice president Benel Lagua; Crisdeline Garments owner Regino Pastor; and DBP first vice president Daniel Gonzales. Standing (from left) are: DBP manager Jocelyn Roque; DBP senior manager Jose Pepito Yusingbo; DBP account officer Arlyn Alimorom; ATC Apparel co-owner Antonio Caguimbal; Crisdeline Garments co-owner Fe Esperanza Pastor; Atty. Wilfimell Macaraeg; Atty. Ellen Aster Cabic-Garcia; and DBP account officer Rosanna Mina.

The Development Bank of the Philippines (DBP) is providing funding support to three micro business enterprises as part of its advocacy towards championing Filipino entrepreneurs, and further helping communities flourish through employment generation and support for local products.

The bank has granted a revolving promissory note line to garment manufacturer ATC Apparel whose infant and children’s wear are exported to the US, Spain, Australia, and Dubai.  The facility is intended to finance the working capital requirements of the Batangas-based single proprietorship which has gained a reputation for producing quality products that pass rigid export standards.

The bank has likewise granted a revolving promissory note line to Crisdeline Garments, a subcontractor of garments exporters and manufacturers.  The company’s product line includes ladies’ undergarments that are sold in both the domestic and international markets.

The bank also provided additional working capital to Ant Colony Trading which is engaged in the buying and selling of second hand items and scrap materials.  In business for more than 10 years, the company has a steady base of clients from Laguna, Batangas, and Cavite.