Funding facilities pour to MSMEs in Samar

  • March 17, 2017
  • Ninfa B Quirante

CATBALOGAN CITY, Samar, March 17 (PIA) - Samar entrepreneurs now have alternatives where they can access financing for their business.

Today, entities offering livelihood financing enriched DTI's Kapatid, Mentor Me Program, as the different agencies shared their programs and projects for Samar's Micro, Small and Medium Enterprises (MSMEs)

Small Business Enterprises head of office, Elmer Garado said that their agency, attached to DTI is offering Pondo sa Pagbabago at Pag-asenso (P3) a funding program to provide micro enterprises of financing easy to access.

Garado said that  P3 Program Funding is in line with  President Rodrigo Duterte’s directive to provide affordable micro-financing program for MSMEs.

Garado said that in Tacloban City, an office has been installed located in the public market where vendors can easily go for the loan so they will be discouraged from borrowing from 5-6 lenders.

In Samar towns however, he suggested that they go to the microfinance institutions like CARD, TSKI and other homegrown association to apply for the loans.

There is minimum interest, he said.

In the same forum, Rowena Alcazar of the Office of the Provincial Agriculturist (OPA) offered Program for Unified Lending to Agriculture (PUNLA).

The lady said that the program is open to families in the fishery and farming sectors.

PUNLA is a special credit window for marginalized farmers and fisherfolk with an initial funding of Php200 million for agri-fishery production loan.

The program is available to eligible Farmer’s/Fisherfolk Associations or Cooperatives engaged in the production of crops, poultry and livestock, or fishing activities, allowing them to borrow up to Php150,000 without collateral and  with an interest rate of 6% per annum.

This is a character loan, said Alcazar.

She added that associations that will access the financing scheme have to be active and duly recognized and endorsed by the municipal agriculturist.

Once her office has gathered the list of prospective borrowers, Alcazar with her counterparts from the central office of the agriculture department will validate the list so that the fund can be downloaded to the beneficiaries.

She added that Samarnons need the funding capital as most Samar families are very poor. (ajc/nbq/PIA 8-Samar)


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