COVID-19 impacts all aspects of life as we know it.

From how people connect to how governments govern to how business is done, the rules have changed with the outbreak of this game changing pandemic.

90% of registered businesses in Cagayan de Oro are micro, small, and medium enterprises (MSMEs), majority of which operate in the services sector, which is especially hard hit on account of quarantine-restricted mobility and spending.

The Economy Cluster of Cagayan de Oro's Emergency Operations Center (EOC), and the Cagayan de Oro Trade and Investment Promotions Center (Oro-TIPC) have compiled a list of available financial relief packages for businesses.

If there is a resource that is not mentioned, please email This email address is being protected from spambots. You need JavaScript enabled to view it. and we will add to this evolving list.




SB Corporation CARES (COVID - 19 Assistance to Restart Enterprises Program)



Department of Trade and Industry

Micro and Small Enterprises subject to Joint Memorandum Circular 1-2020

The special COVID-19 P3 ERF Program for MSEs affected by the declaration of a State of Calamity throughout the Philippines and the imposition of ECQ throughout Luzon and other similar community quarantine declarations in the Visayas and Mindanao.





Livelihood Seeding Program — Negosyo sa Barangay (LSP-NSB)


Department of Trade and Industry


MSMEs affected by health pandemics

The allotted funding for the LSP-NSB amounts to PhP203 million, which will be used to provide a package of livelihood kits and business advisory assistance and services, amounting to at least PhP5,000 up to PhP8,000 to MSMEs affected by natural and human-induced calamities including health disasters.

The LSP-NSB Guidelines were revised to make it more responsive to the government directives on COVID-19. The coverage of the program was expanded to give priority assistance to MSMEs affected by health disasters arising from epidemics and pandemics.





Small Business Wage Subsidy Program of the Department of Finance (DOF)


Social Security System (SSS)


Small businesses

The national government is providing a wage subsidy for affected employees of small businesses to help mitigate the impact of the quarantine in Luzon and various local government units. This wage subsidy shall be given for up to two months so that affected small businesses are able to retain their employees during the quarantine period.

Under the Small Business Wage Subsidy (SBWS) measure, the government, through the Social Security System (SSS), shall provide a wage subsidy of between 5,000 to 8,000 pesos (based on the regional minimum wage) per month per eligible employee.

Applications will be completed by the employer on behalf of their employees. The Social Security System (SSS) will only be accepting applications from April 16, 2020 to May 8, 2020.





Expanded Livestock and Poultry Production and Livelihood Project for COVID - 19 Response


Department of Agriculture (DA)


Cooperatives, associations, people's organization on livestock and poultry

Program scope:

  1. Procurement of animals based on GPPB Circular No. 01-2020 (Annex A)
  2. Distribution of production inputs such as feeds
  3. Provision of extension and veterinary services
  4. Monitoring and evaluation of project beneficiaries and recipients




Interim Rehabilitation Support to Cushion Unfavorably-affected Enterprises by CoVid-19


Land Bank of the Philippines


SMEs, Cooperatives, and Microfinance Institutions

In support of Republic Act No. 11469 or the "Bayanihan to Heal as One Act", LANDBANK, through the I-RESCUE Lending Program, shall provide interim measures for Small and Medium Enterprises (SMEs), Cooperatives (Coops) and Microfinance Institutions (MFIs).


Types of credit assistance:

  1. Rehabilitation of credit programs
  • For SMEs - emergency fund for working capital
  • For Coops and MFIs - wholesale lending livelihood financing to augment credit fund for on-lending to small farmers and fishers, MSMEs
  1. Rehabilitation thru loan restructuring
    Restructuring of existing loan account via additional loan, extended repayment period, or other means (or combination of means) to enable existing borrowers to rehabilitate and restore operational cash flow




Rehabilitation Support Program on Severe Events (RESPONSE)


Development Bank of the Philippines (DBP)


Public and/or private institutions located and/or operating in areas declared in a state of calamity by competent authority

DBP RESPONSE intends to provide rehabilitation financing support to DBP and non-DBP borrowers, both public and private institutions, who have been adversely affected by calamities and/or events arising from the occurrence of such calamities. This is to accelerate the assistance to rehabilitate/rebuild businesses and socio-economic infrastructures of the areas affected by calamities.


Pre-qualification Criteria:

  1. Declaration of state of calamity or existence of a calamity of an area
  2. Lending Center / Department Head certification that the project was adversely affected by calamity or event arising from the occurence of such calamity
  3. For new borrowers: at least 1 year in operation prior to the calamity, no adverse findings from banks and major suppliers


Loan amount: based on project requirement subject to validation.