USA partner Barclays to avail P132m for SMEs

The credit risk-sharing programme will apply to a portfolio of loans that Barclays Bank makes in the SME sector, worth $15 million (P132 million) for a period of seven years.

“About 10% of this loan portfolio will target the large scale programmes in the health sector which will cover loans up to $500,000 USD for SME`s and up to $2.5 million for health firms with a tenure of six months to five years,” the USA Charge of Affairs, Michael Murphy noted.