Department of Tourism (DoT) Secretary Bernadette Romulo-Puyat urged micro, small and medium enterprises (MSMEs) to avail of the Cares for Tourism Rehabilitation and Vitalization of Enterprises and Livelihood (Cares for Travel) Program to help them sustain their businesses and keep their workers amid the on-going pandemic. This, after the Small Business Corporation (SB Corp) announced the opening of loan applications under the Cares for Travel program during a DoT-hosted webinar titled “Covid-19 Assistance to Restart Enterprises (Cares): Accessing to Zero Interest Working Capital Loan” held on October 27. “The Cares for Travel program primarily seeks to assist tourism MSMEs. Through the DoT and SB Corp’s Cares for Travel program, tourism MSMEs will have access to zero interest, no-collateral loans with a loan term period of up to four years, including a corresponding grace period of up to one (1) year. Tourism enterprises may access the SB Corp’s Cares Bayanihan 2 Borrower Registration System here: https://brs.sbgfc.org.ph.

Source: Manila Times November 07, 2020 15:56 UTC