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DTI offers livelihood help for MSMEs

March 14, 2021 Uncategorized

BAYOMBONG, Nueva Vizcaya, June 21 (PIA) – The Department of Trade and Industry (DTI) is offering various livelihood assistance opportunities for Micro Small Medium Enterprises (MSMEs) to cope up with the adverse effects of the COVID-19 pandemic.

Rowena Mayangat, DTI’s Chief Trade and Industry Development Specialist said they are now opening up their COVID-19 Pondo para sa Pagbabago at Pag-asenso Enterprise Rehabilitation Fund (P3ERF) and their Livelihood Seeding Program(LSP).

She said the P3ERF offers P10,000.00 up to P200,000.00 financial assistance for micro-enterprises with asset size of not more than 3 million pesos.

“Small enterprises with an asset of not more than P10 million may borrow higher loan amount but will not exceeed P.5 million,” Mayangat added.

“As of June 4, there are already 118 applications that we received. Four were already approved, four for approval, 5 were denied and 105 are still under process,” Mayangat said.

For the LSP-Negosyo sa Barangay (NSB), she said their agency offers livelihood and business advisory assistanceto at least P5,000 up to P8,000.00 per MSMEs affected by natural and human induced calamities including health disasters such as the COVID-19 pandemic.

Mayangat said the LSP-NSB also gives entrepreneural, capacitation and business improvement seminars and provision of livelihood kits such as Sari-Sari Store and price retailing packages.

“All of our municipalities are covered of this program and it will be piloted in identified low income barangays of the MLGUs in the province,” she added.

Mayangat also said that they are also providing webinars for business development, market matching and One Town One Product (OTOP) HUB on Wheels to bring MSME products closer to the prospective buyers.# Benjamin Moses M. Ebreo/PIA 2-Nueva Vizcaya

 

source https://pia.gov.ph/news/articles/1045277

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