Village Connect
Small and medium enterprises (SMEs) continue to play a crucial role in driving economic activity across the Philippines, yet many business owners still face challenges in accessing the capital needed to grow and sustain their operations. To help address this gap, Discovery Capital Finance Corp. (DCFC) has secured a strategic credit facility from Union Bank of the Philippines (UnionBank), strengthening its ability to provide financing solutions to entrepreneurs nationwide.
The agreement marks an important step in expanding access to business funding, particularly for enterprises located outside major urban centers. Through the additional credit support, Discovery Capital will be able to increase the availability of working capital loans designed to help businesses manage cash flow, invest in equipment, purchase inventory, and pursue growth opportunities without the need for traditional collateral requirements.
The partnership also supports Discovery Capital’s ongoing efforts to reach more entrepreneurs in underserved communities. With the new facility in place, the company plans to broaden its nationwide presence by opening additional satellite offices and strengthening its operations in provinces where access to formal financing remains limited. The expansion is expected to benefit businesses in rural areas that are often overlooked by traditional lending channels.
Industry observers attribute Discovery Capital’s continued growth to its emphasis on disciplined governance, risk management, and customer-focused lending practices. The company combines traditional financial systems with digital tools to facilitate faster loan processing and fund disbursement, enabling businesses to access financing when they need it most. Its growing network across various regions also allows the company to maintain close relationships with local entrepreneurs and better understand the unique challenges faced by different communities.
For Discovery Capital, the collaboration represents more than an increase in funding capacity. It reflects growing confidence from a major financial institution and reinforces the company’s long-term vision of becoming a trusted financing partner for Filipino business owners.
According to Discovery Capital President and CEO Diosdado C. Salang Jr., the company aims to be the first choice for entrepreneurs seeking reliable financial support as they build and expand their businesses.
As SMEs continue to fuel job creation and economic development, the strengthened partnership between Discovery Capital and UnionBank is expected to help bring more financing opportunities to businesses across the country, contributing to broader economic growth and financial inclusion.
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