The Muntinlupa City government released P2.58 million worth of loans with zero interest to local entrepreneurs.
A total of 125 entrepreneurs were the beneficiaries of the city government loans released through the Muntinlupa Entrepreneurship Financing Division (MEFD).
Muntinlupa Mayor Ruffy BIazon (top photo) with the beneficiaries of the zero-interest loan program (Photos from Muntinlupa PIO)
"One of the priorities of the local government is focusing on our home-grown entrepreneurs. This is part of our efforts to boost the local economy," said Mayor Ruffy Biazon.
The beneficiaries, who are composed of micro, small, and medium-sized enterprises, comprised the 148th batch of the long-running program.
Biazon encouraged the beneficiaries to make the most of this opportunity to improve their business and their way of life.
"Put to good use this capital assistance from your City Government, as this represents the people's fund that is being used to grow your business and the local economy. In return, we ask that you take on the responsibility of paying your dues to the MEFD on time so that we can help other fledgling and aspiring businesses in the City," he added.