DTI and DOT launch Turismo Asenso loans for MSMEs

The Department of Trade and Industry (DTI), in partnership with the Department of Tourism (DOT), has launched the Turismo Asenso Loan Program (TALP) to help tourism-related micro, small, and medium enterprises (MSMEs) expand operations and create jobs nationwide.

President Ferdinand R. Marcos Jr. led the ceremonial awarding of loans on September 1, where PHP 3.38 million was granted to nine tourism-linked MSMEs.

The first batch of beneficiaries, approved by the DTI’s financing arm Small Business Corporation (SBCorp), includes wellness spas, resorts, and travel and tour agencies from Rizal, Cavite, Laguna, and Metro Manila, with loan packages ranging from PHP 150,000 to PHP 1 million.

Developed under a memorandum of agreement signed in April 2025, TALP offers low-interest loans of up to PHP 20 million, payable in five years with a one percent monthly interest rate on a diminishing balance.

Trade Secretary Cristina A. Roque said the initiative reflects the government’s unified effort to support one of the Philippines’ most labor-intensive industries.

“Tourism supports millions of jobs across hotels, transport, food, and local services. By helping our tourism MSMEs, we are not only sustaining businesses but also securing livelihoods for countless Filipinos whose income depends on this sector,” Roque said.

She added that DTI and DOT are working closely to ensure that enterprise development translates into job creation and broader opportunities for Filipinos.

In 2024, visitor spending from both international and domestic travelers reached PHP 3.86 trillion, equivalent to 8.9 percent of the country’s gross domestic product.

The tourism sector directly employed 6.75 million Filipinos and indirectly supported nearly 10 million more.

The ceremonial awarding also launched a nationwide campaign encouraging more MSMEs to avail of TALP as a lifeline for enterprises seeking recovery, innovation, and growth.

Tourism entrepreneurs may apply through the DTI-SBCorp Money Mobile App at https://app.sbcorp.ph.