Articles worth reading
Taal Volcano

PHIVOLCS lowers Taal Volcano threat to Alert Level 2

account_balanceMetro Manila access_time5 days ago

The Philippine Institute of Volcanology and Seismology (Phivolcs) lowered the threat of Taal Volcano to Alert Level 2 (decreased unrest), three weeks after it was put under Alert Level 3 (decreased tendency towards hazardous eruption) on Jan. 26...

Navotas City Mayor Toby Tiangco

Navotas has zero COVID-19 cases

account_balanceNavotas access_time5 days ago

Mayor Toby Tiangco reassured the public that Navotas remains free from Coronavirus Disease 2019 (COVID19), previously known as novel Coronavirus (nCov). “There are no confirmed cases of nCov in our city. Our Task Force nCov, headed by our City...

Navotas organizes free civil wedding

account_balanceNavotas access_time5 days ago

Navotas City organized free civil wedding for 36 couples on Feb. 14. The Kasalang Bayan, done regularly on Valentine’s Day and on the cityhood anniversary of Navotas, aims to legalize marriage of couples who have been living together. &l...

Muntinlupa News

Muntinlupa City

Muntinlupa extends zero-interest loans to entrepreneurs

account_balanceMuntinlupa chat_bubble_outline0 Comments

Muntinlupa City has extended P5.8 million worth of zero-interest loans to hundreds of budding entrepreneurs in the city.

A total of P5.8 million were given to 208 beneficiaries of the Tulong Negosyo program by the local government which committed “to support” the small-time businessmen in the city.

“Tulong Negosyo is Muntinlupa City’s program that caters to small-time entrepreneurs (SMEs) through providing them with financial assistance ranging from 2,000 up to 150,000 pesos. It depends on the business capital ceiling and payment record,” the public information office (PIO) said.

Mayor Jaime Fresnedi, who led the distribution at the Muntinlupa City Hall last week, said that the local government “vows to support” them through additional capital loan assistance and other capacity building training.

“[It is] for them to thrive their business in the city,” he added.

The Tulong Negosyo program has three categories, the PIO said. These include the Simulang Kapital (SIKAP) Pangkabuhayan, which offers a loan capital of P10,000-75,000; the Asenso Loan Program, which offers a loan capital of P75,000-100,000; and the Maunlad Loan Program, which offers a loan capital of P150,000-300,000.

Tez Navarro, PIO chief, said that the payment term for the loan depends on the amount borrowed, with one year as maximum time given and zero interest.

The loan assistance program also incorporates a savings program to teach the small-time entrepreneurs “about the importance of economizing, and serve as protection to the clients and the program,” the PIO said.

“Entrepreneurial education through training and other related interventions have [also] been implemented for them,” the PIO added.

The program is being facilitated by the Joint Resource Financing Department, which partnered last month with Technical Education and Skills Development Authority (TESDA) and other private companies to conduct a series of business lectures for Tulong Negosyo beneficiaries.

date_rangeDate Published
5 months ago
shareShare article
folder_openArticle tags
content_copyCategorized under

Share your thoughts with us

Related Articles

Muntinlupa implements one-way traffic scheme at West Service Road

account_balanceMuntinlupa chrome_reader_mode3 days ago

Muntinlupa City began implementing a one-way traffic scheme at a portion of West Service Road to give way for the Skyway extension project. According to a report from GMA News, only southbound motorists are allowed to use the portion of the service ...

Muntinlupa mayor gives free chocolates

account_balanceMuntinlupa chrome_reader_mode5 days ago

Mayor Jaime Fresnedi gave chocolates to female employees and visitors in Muntinlupa City Hall on Valentine's Day. The local exec visited offices in the City Hall compound on Friday to wish the local government’s employees and clients a hap...

Muntinlupa reports zero cases of COVID-19

account_balanceMuntinlupa chrome_reader_mode3 days ago

The Muntinlupa City Health Department said there are no PUIs (Persons Under Investigation) for the novel corona virus in the city. Muntinlupa City Health Officer Dr. Teresa Tuliao said the five PUIs referred in local hospitals tested negative f...

Navotas meets good financial housekeeping standards

account_balanceMuntinlupa chrome_reader_mode21 hours ago

For practicing financial transparency, Navotas City has passed the 2019 Good Financial Housekeeping standards of the Department of the Interior and Local Government. “Passing the good financial housekeeping standards validates our efforts...

Advertisement