SULONGSME (Small and Medium Enterprises) Unified Lending Opportunities for National Growth (Sulong, Philippines)
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SULONG is the result of collaboration among various government financial institutions (GFIs).
Loans amounting to nearly P120 billion were given out to 58,694 small and medium-scale Filipino entrepreneurs between 2004 and 2007 under the SULONG Program.
ASENSO (Access of Small Enterprises to Sound Lending Opportunities), formerly known as SULONG, already released a total of PhP254 billion worth of financial assistance, equivalent to 251,920 accounts and translating into 3,649,428 jobs supported since its inception in 2004 until June 2012, the SER said.