BSP collateral-free loans up in P’sinan

LINGAYEN, Pangasinan – The Bangko Sentral ng Pilipinas signed Tuesday an agreement with the provincial government, cooperatives, and donor institutions here to help small businessmen secure collateral-free loans from banks.

The memorandum of agreement creating the Pangasinan Credit Surety Fund (PCSF) was signed at the Sison Auditorium in Lingayen at 2:30 p.m.

Among the signatories were Monetary Board Member Peter B. Favila and Gov. Amado T. Espino, Jr. of Pangasinan.

Twelve cooperatives from Pangasinan have committed to join the PCSF with pledges totaling P4.2 million in contributions. -- LBI