JK Capital partners with PHILGUARANTEE to gain more financial resources and support the growth of MSMEs.
JK Capital Finance, a leading business financing company in the Philippines, recently secured a ₱P300-million credit guarantee agreement with the Philippine Guarantee Corporation (PHILGUARANTEE).
The partnership aims to help JK Capital continue offering micro, small, and medium-sized enterprises (MSMEs) with the essential capital for growth and expansion.
Jaskaran Singh, JK Capital’s CEO and President, stated, “This is a milestone. With this partnership, we can serve more clients and cover more industries by lowering our risk premium and, consequently, the rates we offer.” He added, “Ultimately, this will benefit the local economy and the small businesses we serve. We are happy and thankful for the government’s partnership.”
Expanding Financial Opportunities: How JK Capital’s New Credit Guarantee Enhances Support for MSMEs
This credit guarantee agreement will strengthen JK Capital’s services, enabling the company to offer more favorable loan terms to underserved MSMEs. PHILGUARANTEE will cover a portion of the loans from JK Capital if borrowers cannot repay. This reduced risk enables the financing company to confidently offer a broader range of loan options and serve more businesses.
The safety net also allows businesses to access larger credit lines more flexibly, paving the way for easier investment, expansion, and operations. This move positions JK Capital as a more influential player within the community and the broader financial industry. By reinforcing its financial support for MSMEs, JK Capital creates a more resilient and competitive business environment.
Looking ahead, JK Capital aims to use this partnership to drive innovation and better meet the needs of businesses across various sectors. The agreement reinforces the company’s mission to enable sustainable growth for enterprises nationwide.
Bridging Financial Gaps: JK Capital’s Commitment to MSME Success
Small businesses are essential in the Philippine economy. As of 2023, there are 1.24 million MSMEs in the country, comprising 99.63% of all business enterprises. Most belong to wholesale and retail,
accommodation and food services, manufacturing, and finance. Moreover, they provide 6.3 million jobs in the Philippines.
Yet, many individuals struggle to access the capital they need to grow and sustain their operations. This is where JK Capital Finance steps in, offering trusted loan solutions tailored to the needs of MSMEs.
Beyond the numbers, the partnership with PHILGUARANTEE creates real opportunities for business owners to achieve financial success. By bridging the gap between challenges and growth potential, JK Capital’s loans are helping businesses build a stronger foundation and adapt to an ever-changing market.
About JK Capital
JK Capital Finance is a provider of financial solutions in the Philippines. It specializes in business loans and credit facilities that empower small and medium-sized enterprises. With its focus on driving business growth and innovation, JK Capital’s tailored services meet the diverse needs of companies in various sectors. For more inquiries, visit www.jkcapital.com.ph or contact [email protected] | 0917- 137-2847 | 0998-963-2466.
About Philippine Guarantee Corporation (PHILGUARANTEE)
PHILGUARANTEE is a government-owned and controlled corporation that provides credit guarantees for loans to facilitate the growth of MSMEs. As part of the Department of Finance, the PHILGUARANTEE supports economic development by helping businesses access financing and reducing the risks for financial institutions. For more information, visit https://www.philguarantee.gov.ph/ or email [email protected] |
(02) 532-28100.