PHILGUARANTEE, iGlobal Financial Services ink partnership to promote SME growth

The Philippine Guarantee Corporation (PHILGUARANTEE) and finance company iGlobal Financial Services Inc. on July 11, 2024, at the PHILGUARANTEE Headquarters in Makati City, signed an agreement to promote financial inclusion among small, and medium enterprises (SMEs) through a grant of P500 Million in credit guarantee.

The partnership, as presided by PHILGUARANTEE President and CEO Alberto Pascual, Priority Sectors Guarantee Group Senior Vice President Celso Gutierrez, iGlobal Financial Services Chairman and President Sandeep Chandiramani, and Chief Financial Officer Atty. Mc Noel Cabrera, aims to provide accessible business loans and open credit lines for enterprises across the country.

For his part, Mr. Chandiramani encouraged both organizations to actively support the SMEs, for them to go on their path to become large enterprises.

“We are honored to add PHILGUARANTEE to our portfolio of credit and funding partners. Together, we can forge a path to achieve our vision of seeing the Philippines with 10,000 large enterprises,” he said.

By leveraging PHILGUARANTEE’s mandate in providing credit guarantees and iGlobal Financial Services Inc.’s innovative financial solutions, this initiative marks a pivotal moment for business owners towards sustainable growth and success.

From: Strategy Management and Communications Department