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NO: PRU-165-2017NR

Department of Trade and Industry


Release Date: October 2, 2017
Reference: DTI-Regional Operations Group
751.0384 loc. 3318 (tel) 0917.676.0384 (mobile)
rog@dti.gov.ph / www.dti.gov.ph (email)

Small Business Corp. welcomes new president

Small Business Corporation President and


Chief Executive Officer (CEO) Ma. Luna E. Cacanando

State-owned Small Business Corporation (SB Corp), the micro financing-arm of the
Department of Trade and Industry (DTI), recently welcomed its new President and
Chief Executive Officer (CEO) Ma. Luna E. Cacanando.

Cacanandos appointment came amid the governments step to battle loan sharks
through affordable and easy access micro-financing program, the Pondo sa Pagbabago
at Pag-asenso or P3 program of the administration.

Cacanando expressed strong belief in the MSME finance advocacy as an affirmative


action in levelling the playing field for young enterprises that have yet to hurdle the age
of maturity and for small enterprises that lack sufficient capital to get to expand into a
formal business undertaking.

We will push for MSME financing further to help create more entrepreneurs, spur
economic growth that will provide jobs to Filipinos, Cacanando said.

Cacanando brings with her more than three decades of MSME development finance
experience and industry expertise, mostly as a government executive. She went on an
early retirement from government service in February 2016 as Senior Vice President of
Small Business Corporation and Head of the agencys Financing and Capacity Building
Sector.

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Prior to joining SB Corp, Cacanando was Credit Manager of Guarantee Fund for
MSMEs (GFSME) until its merger with Small Business Guarantee and Finance
Corporation (SBGFC or SB Corp) as the surviving entity in November 2001.

Fresh from the University of the Philippines, Los Banos with a degree in Bachelor
Science in Agricultural Economics, Cacanando joined the then KKK-Livelihood
Corporation in August 1983. Ten years later, she joined GFSME in April 1993.

Prior to her appointment as SB Corp Director and election as SB Corp President and
CEO last September 6, 2017, Cacanando had the chance to work with the private
sector for over a year in the field of MSME finance.

Cacanando was also consultant to Country Builders Bank and of ADA Inclusive
Finance, a Luxemburg development organization and was Director of Negosyong Pinoy
(Venture South) Finance Corporation.

Cacanando is an alumnus of the Asian Institute of Management (AIM) where she


obtained a Masters degree in Development Management in 1996.

She was conferred Career Executive Service Office (CESO) by the Office of the
President in 2001 and by the Career Executive Service Board in 1999, at the same time
as Career Service Executive Eligible (CSEE) by the Civil Service Commission.

Cacanando takes over the helm of SB Corp, enthusiastic that the agency will
accomplish its mandate in MSME finance, especially the P3, and its unique role in the
national development landscape as defined by the Magna Carta for MSMEs. (END)

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