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DBP supports tourism project in Vigan


The Development Bank of the Philippines (DBP) has granted a P25-million term loan to the Nueva Segovia Consortium of Cooperatives (NSCC) to finance the construction of a three-storey hotel building to be located at the heart of Vigan, also known as the Heritage City.  This is the second hotel building of NSCC, the first being located at Caoayan, Ilocos Sur where the company’s main office is based.

The new hotel building, with a total floor area of 901 square meters, will have 17 hotel rooms, a restaurant, parking areas, and commercial spaces for rent.  Said project will help address the shortage of accommodation facilities following the declaration of Vigan City as one of the Seven Wonder Cities of the World.

DBP Regional Marketing Center-Western Luzon head Maria Dolores Guevara (seated, 5th from left) and DBP Vigan branch head Marjorie Anne Muñoz (seated, 4th from left) with NSCC president/CEO Divina Quemi (seated, center), and NSCC department heads. Also in photo are DBP Vigan relationship officer Jomar Bisenio (standing, 1st from left) and DBP business development officer Elisa Ventura (seated, 3rd from left).