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)


Other News

PHLPost announces “Salamat Po” raffle winners
  • May 28, 2017
MANILA,  May 28 (PIA) – Its PHLPost turn to say “Salamat Po” to more than 400,000 students from all over the country who wrote and mailed personal “Thank You letters” through the “Salamat Po (Thank You) Letter Writing Promo.”   Two lucky winners of P50,000 were drawn in the grand raffle event held at the Canossa School in San Pablo City, Laguna. Ms. Shaina Gammayao of Ballesteros National High School in Cagayan (Student Category) and Ms. Liezel Capate of Tacloban City (Employee Category) won in the contest.   Postmaster General Joel Otarra congratulated the winners...Read more
Medium-term fiscal program to sustain the PH economy's growth momentum
  • May 27, 2017
MANILA, May 27 -- From 2017 to 2022, the government will embark on an expansionary fiscal policy to finance the country’s development priorities, boost economic growth, and ultimately achieve the administration’s objectives of rapid poverty reduction. The expansionary fiscal policy will be characterized by increased government spending, particularly on public infrastructure and social services. This fiscal strategy will be made possible by maintaining the deficit-to-GDP ratio at 3 percent while improving revenue effort through tax policy and tax administration reforms. The deficit wi...Read more
DSWD provides relief aid to families displaced by Marawi siege
  • May 27, 2017
QUEZON CITY, May 27 -- The Department of Social Welfare and Development (DSWD), through its concerned Field ​Offices​ (FOs)​ in Mindanao, has started to provide relief assistance today in the form of family food packs (FFPs) and food and non-food items (FNFIs) to families affected by the ongoing armed operation in Marawi City, Lanao del Sur between the Armed Forces of the Philippines (AFP) and members of the Maute Group and Abu Sayyaf Group (ASG) who have pledged allegiance to the international terrorist group, Islamic State of Iraq and Syria (ISIS). DSWD FO in Region XII will delive...Read more
President Duterte issues E.O. 25, renames 'Benham Rise' to 'Philippine Rise'
  • May 27, 2017
TAGUIG CITY, May 27 -- On 16 May 2017, President Rodrigo R. Duterte issued Executive Order No. 25 (E.O. 25) which effectively changed the name “Benham Rise” to “Philippine Rise.”   The Philippine Rise is an undersea feature, east of Luzon island. The shallowest part, which is the Benham Bank, is less than 50 meters deep. It is connected to the Luzon margin through the Palanan and Bicol Saddle. Section 2 of the said E.O. states that, the National Mapping and Resource Information Authority (NAMRIA) shall henceforth produce maps and charts, and indicate the name “Philippi...Read more