Solon's measure to save capital-strapped entrepreneurs from predatory 'five-six'
Philippine Representative Brian Raymund Yamsuan has filed House Bill No. 9472 to institutionalize the Pondo sa Pagbabago at Pag-asenso (P3) program. The bill aims to provide micro and small enterprises with low-interest loans to protect them from predatory 'five-six' lending schemes.
Why it matters
This legislation seeks to curb predatory lending practices that trap small business owners in cycles of debt, potentially stabilizing local economies.
Manila Bulletin - Solon's measure to save capital-strapped entrepreneurs from predatory 'five-six'
The article reports on a legislative proposal neutrally, focusing on the stated goals of the bill without editorializing.
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