MANILA — The Department of Trade and Industry (DTI) and its financial arm, the Small Business Corporation (SBCorp), have provided loans totaling PHP4.22 million under the Women’s Enterprise Fund (WEF).

The loans were granted to 24 women entrepreneurs who will use the fund to start or expand their retail stores, sewing businesses, pharmacies, beauty salons, cafés, and restaurants.

According to DTI, the initial funding of PHP8 billion will be sourced from SBCorp’s «Resilient, Innovative, Sustainable Enterprises, Unlock Potential» (RISE UP) program, which serves as the financial mechanism for WEF.

SBCorp has allocated PHP1 billion for WEF.

The program offers loans of up to PHP5 million without collateral, while loans up to PHP20 million will require a monthly interest rate of 1 percent on the diminishing balance, with a repayment term of up to five years.

During the ceremonial launch on Thursday, Trade Secretary Cristina Roque stated that the program supports President Ferdinand R. Marcos Jr.’s goal of providing Filipinos with local employment opportunities so they do not have to seek work abroad to support their families.

She encouraged entrepreneurs lacking capital to follow the example of those who have succeeded in their fields with the help of government programs like WEF.

«Sometimes, starting small is an advantage because we know it’s all we have. So we must nurture it to grow. And we must make the most of it,» she said.

Women’s Enterprise Fund (WEF)

The Women’s Enterprise Fund (WEF) is a financial initiative, often established by governments or organizations, aimed at empowering women entrepreneurs by providing access to loans, grants, and business training. For example, in Kenya, the WEF was launched in 2007 to support women-led businesses and reduce gender disparities in economic opportunities. Such funds typically focus on fostering financial independence and boosting women’s participation in the economy.

DTI office in Makati City

The **DTI (Department of Trade and Industry) office in Makati City** serves as a key government hub for trade, industry, and consumer protection in the Philippines. Located in the country’s financial capital, it supports businesses, enforces fair trade laws, and promotes economic growth. While the DTI itself was established in 1987, its Makati office plays a vital role in servicing enterprises in Metro Manila.

Department of Trade and Industry (DTI)

The **Department of Trade and Industry (DTI)** is a government agency responsible for promoting economic growth, trade, and industrial development in many countries, including the Philippines and South Africa. Established to regulate commerce, support businesses, and enhance competitiveness, the DTI plays a key role in shaping national economic policies. Its history often traces back to industrialization efforts, with evolving mandates to adapt to globalization and digital economies.

Small Business Corporation (SBCorp)

The **Small Business Corporation (SBCorp)** is a government agency in the Philippines established in 1991 to support the growth and development of micro, small, and medium enterprises (MSMEs). It provides financial assistance, loan programs, and business training to help entrepreneurs thrive. SBCorp plays a key role in boosting the Philippine economy by empowering small businesses through accessible financing and capacity-building initiatives.

Resilient, Innovative, Sustainable Enterprises, Unlock Potential (RISE UP)

«Resilient, Innovative, Sustainable Enterprises, Unlock Potential (RISE UP)» is a development initiative aimed at fostering economic growth and sustainability, particularly in vulnerable or underserved communities. The program supports small and medium-sized enterprises (SMEs) by providing training, resources, and funding to enhance resilience, innovation, and long-term viability. While specific historical details may vary by region, RISE UP often operates in partnership with governments, NGOs, and private sectors to empower local businesses and drive inclusive economic progress.