Saving the small

Government financial institutions (GFIs) are moving to rescue small and medium exporters and workers displaced by the global financial crisis.

Benel Lagua, president and chief operating officer of SB Corp., said the past due rate of loans extended to exporters is now around 8 percent, higher than previous year.

SB Corp., oversees the SULONG or the SME (small and medium enterprises) Unified Lending Program.

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