Cisco has launched a new financing programme to help SMEs invest in cutting-edge technology at 0% interest and with no upfront costs, at a fixed 3-year monthly payment term. The 0% financing programme will provide SMEs access to necessary technological enablers from Cisco that include software, hardware and services without breaking their budget. They will enjoy a 3-year, full payout lease plan where they pay equal 36-month payments on their Cisco purchases that costs between USD 20,000 to USD 300,000 and will fully own the equipment at the end of contract period.

“The world is going through an uncertain economic period and, at Cisco, we are committed to doing our part to help lighten the burden for Philippines’ SMEs,” said Karrie Ilagan, managing director for Cisco Philippines.

The launch of the program comes at the heels of the COVID-19 pandemic wherein lockdowns across the region have disrupted supply chains and decreased business activities. Micro, Small & Medium Enterprises (MSMEs) account for 99.5% of all businesses and 63% of the Philippines’ total employment. With this much impact on the country’s progress, Cisco deems it crucial to provide support for the recovery of the MSME industry to ultimately provide support for the overall recovery of the national economy.

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