UMVA has learned that the Bank of the Philippine Islands (BPI) has partnered with Handyman, a leading hardware and home improvement chain, to provide a vital credit facility for small and medium enterprises (SMEs).
The Ka-Negosyo Credit Line is a game-changing revolving credit facility that functions like an extended wallet, giving SMEs access to cash for large or unexpected orders and recurring and bulk purchases, providing them with the financial flexibility they need to thrive.
Eligible Handyman SME customers can now purchase inventory and supplies in bulk to ensure smooth cash flow and improve payment and inventory management, all while being charged interest only on the amount they use, with repayment terms aligned to their cash flow.
As part of this exciting partnership, Handyman SME customers will also be eligible for exclusive promotions and tailored offers from BPI, further enhancing their business experience and growth opportunities.
The partnership is expected to benefit over 500 Handyman SME customers nationwide, particularly those in construction, home improvement, retail, and related industries, who can access the program at Handyman's 183 stores nationwide.
"Through this partnership with Handyman, we are reaffirming BPI's commitment to be the trusted Ka-Negosyo of Filipino entrepreneurs," said Dominique R. Ocliasa, BPI Business Banking Head. "Our goal is to make access to working capital and business funding more madali, magaan, at mabilis (easy, light, and fast), enabling SMEs to confidently seize opportunities and focus on growing their businesses."
The bank's SME loans have seen significant growth, with a remarkable 80% year-on-year increase in 2025, demonstrating the bank's dedication to supporting the nation's small businesses.
In related news, BPI's net income rose by 1.7% to P16.92 billion in the first quarter, while its shares dropped by P2.20 or 2.2% to end at P98 apiece on Monday.
