The Department of Trade and Industry (DTI) has extended close to P40 million in loans to more than 800 victims of the Marawi siege as part of the government’s rolling program to rebuild the Islamic town.
The DTI’s Small Business (SB) Corp. on Monday said it released a total of P38.51 million worth of loans to Marawi’s internally displaced persons, as well as to uniformed personnel who were engaged in the retrieval of the city. The financial assistance is geared toward capacitating the beneficiaries recover from the five-month siege in 2017 that destroyed their livelihoods.
Over the past two years since the conflict ended, the SB granted loan packages, totaling P7.59 million, to at least 457 entrepreneurs based in Marawi under the government’s Pondo sa Pagbabago at Pag-asenso program.