On June 25, 2020, the PHILGUARANTEE Governing Board has approved to guarantee housing loans that were restructured by Accredited Financial Institutions (AFIs) on or before December 31, 2020.
Advisories to our Clients, Partner Lending Institutions, Suppliers and the Public
Extending support to affected sectors of the COVID-19 crisis, state-run Philippine Guarantee Corporation (PHILGUARANTEE) has provided financial assistance such as moratoriums on loan payments and credit guarantees, alongside other relief and support measures for micro, small and medium enterprises (MSMEs) and for its clients in the agriculture and housing sectors.
As part of its assistance measures, the Philippine Guarantee Corporation
(PHILGUARANTEE) has made available a credit guarantee facility to support the government’s recovery program to “bounce back” the economy that is reeling the effects of the global COVID-19 pandemic, President and CEO Alberto Pascual announced yesterday.