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Friday, March 29, 2024

98 SMEs receive no-interest loans from Muntinlupa

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Committed to assist budding entrepreneurs in the city, the local government of Muntinlupa has started distributing zero-percent interest loan assistance to 98 local SMEs dubbed as “Muntipreneurs.”

Muntinlupa Mayor Jaime Fresnedi led the distribution of cheques amounting to P1.8 million to the beneficiaries of Tulong Negosyo program (formerly Dagdag Puhunan) facilitated by the Joint Resource Financing at Muntinlupa City Hall, Brgy. Putatan last Monday.

“The City Government of Muntinlupa vows to support grassroot players through additional capital loan assistance and other capacity building trainings for them to thrive their business in the city,” Fresnedi said.

The Tulong Negosyo program caters to SMEs and provides microfinance assistance, which ranges from P2,000 to P150,000, depending on the business’ capital ceiling and payment record.

The program has three categories: Simulang Kapital Pangkabuhayan for clients with capital ranging from P10,000 to P75,000; Asenso Loan Program for those with capital from P75,000 to P100,000; and the Maunlad Loan Program for clients with capital from P150,000 to P300,000 pesos.

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Among the Batch 70 beneficiaries was Brgy. Poblacion rice dealer and fish supplier Ronnel Espinosa, who received P100,000 loan assistance.

A Savings Program has been incorporated in the loan assistance to teach clients about the importance of economizing and serve as protection to the clients and the program.

In addition, entrepreneurial education through training and other related interventions was granted the beneficiaries.

On July, the Joint Resource Financing department is set to partner with Coca-Cola and Tesda to conduct the Sari-sari Store Training and Access to Resources program, a series of entrepreneurial lectures for Tulong Negosyo clients.

To date, the Tulong Negosyo program has served about 5,600 beneficiaries.

Interested individuals in Muntinlupa may coordinate with the Joint Resource Financing at Plaza Central, Brgy. Poblacion with telephone 772-3457. 

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