A total of 103 owners of micro, small, and medium enterprises (MSMEs) in Muntinlupa received P2.26 million zero-interest loans from the city government on Friday, Sept. 9.
The office of the Joint Resources Financing Program held the orientation and release of loans to batches 140 and 142 of the beneficiaries of the Tulong Negosyo at the Ayala Malls South Park.
One of them is Maria Dolores Noble, a "sari-sari" store owner and "adobong mani" manufacturer from Barangay Buli who got a P150,000 loan under the program.
Tulong Negosyo caters to MSMEs and provides micro-finance assistance ranging from P2,000 up to P150,000 depending on the business capital ceiling and payment record of beneficiaries.
The program aims to provide additional capital for business expansion for aspiring and established business owners in Muntinlupa, the first LGU to introduce a micro-financing program.
The Joint Resources Financing Program thanked Mayor Ruffy Biazon for his continued support in helping the growth of small businesses in Muntinlupa.
The program has three categories: Simulang Kapital (SIKAP) Pangkabuhayan with loan application amounting to P2,000 to P5,000; Asenso Loan Program amounting to P6,000 to P75,000; and Maunlad Loan Program amounting to P75,000 to P150,000.