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“Kayo ang partners namin in nation building”: DTI-Kalinga backs credit fund to help cooperatives, small businesses secure bank loans

Writer:  Mark Moises Calayan
Mark Moises Calayan
12 minutes ago
1 min read

TABUK CITY, Kalinga – The Department of Trade and Industry (DTI)-Kalinga is supporting the establishment of a Credit Surety Fund (CSF) Cooperative in the province to help qualified cooperatives and micro, small, and medium enterprises (MSMEs) access bank financing despite lacking sufficient traditional collateral.


DTI-Kalinga Provincial Director Renie M. Ramos expressed the agency’s support during the CSF Road Show at the Kalinga Sports Center on October 21, emphasizing the role of cooperatives in promoting economic development, particularly in remote communities.


“Kayo ang partners namin in nation-building,” Ramos said, describing cooperatives as important partners in bringing development and economic opportunities to underserved areas.


He said supporting cooperatives would help strengthen sustainable development and community resilience across the province.


Under the CSF mechanism, contributions from participating cooperatives and partner institutions are pooled to provide surety coverage for eligible loans. The fund does not directly lend money but provides additional security to participating financial institutions, subject to program requirements and lenders’ assessments.


The proposed CSF Cooperative in Kalinga was discussed during the road show, with the provincial government, Cooperative Development Authority (CDA), Bangko Sentral ng Pilipinas (BSP), DTI and cooperative representatives among the stakeholders involved in advancing the initiative.


The establishment of the fund is expected to help qualified cooperatives and MSMEs overcome collateral-related barriers to bank financing, potentially expanding opportunities for business development and livelihood generation.


Nationwide, there are 53 registered CSF cooperatives, including 26 in Luzon, nine in the Visayas and 18 in Mindanao.

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