Coca-Cola Beverages Philippines has a SME program

by Janine Mayers · Published September 7, 2022 · Updated February 13, 2024

25 May 2022

COCA-COLA Beverages Philippines Inc. (CCBPI) announced a collaboration with the Department of Trade and Industry’s Small Business Corp. (SBCorp) for the RISE UP Tindahan Project to assist the country’s micro, small, and medium enterprises (MSMEs). According to a statement from CCBPI, the move gives its partner retail stores, dealers, distributors, and other MSMEs access to resources that will aid in their recovery from the pandemic.

The loans obtained through the project, according to the company, are “meant to help businesses adjust to the realities of doing business in the new normal.” It also stated that it is leveraging its network to increase the program’s reach. “The process in RISE UP Tindahan is simple, which is critical to reaching more MSMEs,” said Chris Pesigan, CCBPI general trade director.

The RISE UP Tindahan Loan provides a loanable amount of up to P300,000 for micro-tindahan loans (sari-sari stores) and up to P5 million for SME loans (retail stores, dealers, and distributors), with a three-year repayment term that includes a 12-month grace period and no collateral required. “We are proud that, because of CCBPI’s extensive footprint and expansive trade network, we are in the best position to assist in reaching more MSMEs across the country and contributing to truly inclusive economic growth,” Pesigan was quoted as saying.

COCA-COLA Beverages Philippines Inc. (CCBPI) announced a partnership with the Department of Trade and Industry’s Small Business Corp. (SBCorp) for the RISE UP Tindahan Project, which aims to assist the country’s micro, small, and medium-sized businesses (MSMEs).

According to CCBPI, the move provides its partner retail establishments, dealers, distributors, and other MSMEs with resources to help them recover from the pandemic.

According to the organization, the loans obtained through the project are “meant to help enterprises adjust to the realities of conducting business in the new normal.”

It also stated that it is leveraging its network to reach a larger audience for the program.

“The RISE UP Tindahan approach is straightforward, which is critical for reaching more MSMEs,” said Chris Pesigan, CCBPI general trade director.

With a three-year repayment term and up to a 12-month grace period, the RISE UP Tindahan Loan has a loanable amount of up to P300,000 for micro-tindahan loans (sari-sari stores) and up to P5 million for SME loans (retail stores, dealers, and distributors).