MANILA, Philippines — Filipino youth starting businesses will soon have access to a P1-billion Department of Trade and Industry (DTI) loan facility as the agency promotes youth entrepreneurship. On Wednesday, Trade Secretary Cristina Roque said the Youth Enterprise Fund will provide P30,000 to P500,000 loans to entrepreneurs aged 18 to 30. The Small Business Corp. (SBCorp.), the DTI’s financing arm, will administer the financing. The loans will carry a 1-percent monthly interest rate on a diminishing balance and a 3-percent processing fee. Borrowers will have up to three years to repay, with a one-year grace period available. No collateral will […]...Keep on reading: DTI rolls out P1-B loan fund for young entrepreneurs