Online lending company raided by police for threatening clients

Are you a Philippine resident who borrowed money from an online lending company and got threatened by them to push you into paying them back? Another company that lends money got raided by the police over complaints from clients who claimed they were threatened, according to a Manila Bulletin news report. The raided company was located in Pasig City.

To put things in perspective, posted below is an excerpt from the Manila Bulletin news article. Some parts in boldface…

An online lending company in Barangay San Miguel, Pasig City was raided by operatives of the Philippine National Police – Anti-Cybercrime Group (ACG) on Tuesday, May 16, for allegedly threatening and harassing its customers who have failed to pay their loans.

The company was identified as Realm Shifters Business Process Outsourcing Services, located along Mercedes Avenue in Barangay San Miguel.

According to the Philippine Association of Loan Shark Victims Inc. (PALSVI), a non-profit organization dedicated to helping loan shark victims, the company is one of the many businesses operating online lending applications (OLA) that harass and threaten users for not paying their debts.

The PNP-ACG conducted the raid in response to the complaints made to their office from the victims of the OLA.

A warrant to search and seize computer data was served by the police to the company during the operation.

Digital forensic examinations to extract data and evidence from the computers, mobile phones, and other devices of the OLA agents are ongoing.

Other incidents of malpractice made by the company are also under further investigation by the police.

Let me end this piece by asking you readers: What is your reaction to this recent development? How many people in your local community got harassed by an online lending firm recently?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

+++++

Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at  @HavenorFantasy as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram athttps://www.instagram.com/authorcarlocarrasco

Muntinlupa City Government releases over P2.5 million zero-interest loans to local entrepreneurs

Recently in the progressive city of Muntinlupa, the City Government released zero-interest loans to over one hundred and twenty local entrepreneurs amounting to more than P2.5 million, according to a news report by the Manila Bulletin. This is the latest move by the City Government boost the local economy.

To put things in perspective, posted below is the excerpt from the Manila Bulletin news report. Some parts in boldface…

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).

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.

Let me end this piece by asking you readers: If you are a Muntinlupa City resident, what is your reaction to this development? Do you hope to see the City Government release even more zero-interest loans to local entrepreneurs? If you are running a small business in the city, have you availed of the loans from the City Government?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

+++++

Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at  @HavenorFantasy as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram at https://www.instagram.com/authorcarlocarrasco

For more South Metro Manila community news and developments, come back here soon. Also say NO to fake news, NO to irresponsible journalism, NO to misinformation, NO to plagiarists, NO to reckless publishers and NO to sinister propaganda when it comes to news and developments. For South Metro Manila community developments, member engagements, commerce and other relevant updates, join the growing South Metro Manila Facebook group at https://www.facebook.com/groups/342183059992673

Muntinlupa City releases P2.26 million zero-interest loans to local entrepreneurs

In the progressive City of Muntinlupa, more than P2 million worth of zero-interest loans were released by the City Government to more than a hundred local entrepreneurs who collectively handle MSMEs (micro-small-medium sized enterprises), according to a Manila Bulletin news report.

To put things in perspective, posted below is the excerpt from the Manila Bulletin report. Some parts in boldface…

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.

Let me end this piece by asking you readers: If you are a Muntinlupa City resident, what is your reaction to this development? If you are running a micro, small or medium-sized enterprise, do you intend to avail of a zero-interest loan from the City Government?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

+++++

Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at  @HavenorFantasy as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram at https://www.instagram.com/authorcarlocarrasco

For more South Metro Manila community news and developments, come back here soon. Also say NO to fake news, NO to irresponsible journalism, NO to misinformation, NO to plagiarists, NO to reckless publishers and NO to sinister propaganda when it comes to news and developments. For South Metro Manila community developments, member engagements, commerce and other relevant updates, join the growing South Metro Manila Facebook group at https://www.facebook.com/groups/342183059992673

Muntinlupa City Mayor clarifies issue about P1.2 billion standby loan from Landbank

If you are a local resident of Muntinlupa City, were you a recipient of circulating text messages about a certain loan worth over a billion Pesos that was allegedly used by City Government? Recently, Muntinlupa Mayor Jaime Fresnedi clarified the issue, according to a Manila Bulletin news report.

To put things in perspective, posted below is the excerpt from the Manila Bulletin report. Some parts in boldface…

Muntinlupa Mayor Jaime Fresnedi refuted claims by his detractors that the city government already used a P1.2 billion standby loan from Landbank of the Philippines.

In March 2021, the Muntinlupa City Council passed an ordinance authorizing Fresnedi to enter into a loan agreement with Landbank in the amount of P1.2 billion to fund various projects.

During the flag raising ceremony at the Muntinlupa City hall quadrangle on March 7, Fresnedi reiterated that the city government has not availed of the standby loan.

“The Muntinlupa City government gave us the authorization to get a loan from Landbank. As of Dec. 31, our ending balance [at Landbank] is more than P2 billion. The [Landbank] manager said we have not availed of our standby loan. This means we have not taken any [amount from the standby loan],” said Fresnedi.

Fresnedi clarified the issue after text messages circulated claiming that the city government already got the loan from Landbank.

Landbank earlier issued a certification stating that the Muntinlupa City government has not availed of the loan.

“This is to certify that per records of this office, City Government of Muntinlupa has no outstanding drawdown as of December 31, 2021,” according to a certification issued by Landbank and signed by Lani Pornuevo, head of the Loan Operations Management Department.

Fresnedi said getting a loan is not a bad thing. He said when he assumed office during his first ever term as mayor, the city government took out a loan and used it to construct the Ospital ng Muntinlupa.

“Please remember, getting a loan is not bad when it is used in the right way,” he said.

The mayor said if ever the city government avails of the standby loan from Landbank, it will be used to fund ongoing projects of the city government.

In fact, he said, Landbank has sent two letters to the Muntinlupa City government to remind it about the standby loan.

According to Fresnedi, the standby loan is a program of the national government for economic recovery. The standby loan carries an interest of four percent per year.

“But what the city government needs to pay, if ever we avail of the loan, is only two percent per annum. The other two percent will be paid by the national government,” he said.

He said this is being done to help businesses to run and to help people get jobs, which are part of the national government’s national economic recovery plan.

Let me end this piece by asking you readers: If you are a Muntinlupa City resident, what do you think about the mayor’s clarification? Were the details explained well by him? Do you personally believe that the LGU (local government unit) should always be scrutinized over any loan it takes?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

+++++

Thank you for reading. If you find this article engaging, please click the like button below and also please consider sharing this article to others. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at  @HavenorFantasy as well as on Tumblr at https://carlocarrasco.tumblr.com/

For more South Metro Manila community news and developments, come back here soon. Also say NO to fake news, NO to irresponsible journalism, NO to misinformation, NO to plagiarists, NO to reckless publishers and NO to sinister propaganda when it comes to news and developments. For South Metro Manila community developments, member engagements, commerce and other relevant updates, join the growing South Metro Manila Facebook group at https://www.facebook.com/groups/342183059992673

COVID-19 Crisis: Muntinlupa City Government grants zero-interest loan to 200 “Muntipreneurs” to help them recover amid pandemic

The City Government of Muntinlupa continues to provide zero-interest loan assistance to micro-entrepreneurs and MSMEs dubbed as “Muntipreneurs” in a bid to revive the stalled local economy due to the COVID-19 pandemic.

Mayor Jaime Fresnedi led a ceremonial turn-over ceremony of the loan assistance amounting to P4,374,000.00 for 200 beneficiaries of Tulong Negosyo’s Batch 132, 133,134, & 135 in Muntinlupa City Hall last January 27.

Muntinlupa Mayor Jaime Fresnedi leads a ceremonial turn-over ceremony of zero-interest loan assistance amounting to P4,374,000.00 for 200 “Muntipreneurs” (Muntinlupa entrepreneurs) last January 27. The local government of Muntinlupa continues to provide zero-interest loan assistance to micro-entrepreneurs and MSMEs in a bid to revive the stalled local economy due to the COVID-19 pandemic. Muntinlupa is the first LGU to introduce the micro-financing program. (source – Muntinlupa PIO)

Of the total, four local entrepreneurs received P150,000 each, seven (7) received P100,000, and five (5) beneficiaries received P75,000. The local exec vows to continue the local financing program and hopes to revive the local economy by supporting grassroot players through various programs.

The City Government of Muntinlupa assists local micro-entrepreneurs through the Joint Resource Financing Program’s (JRFP) Tulong Negosyo (formerly Dagdag Puhunan). Muntinlupa is the first LGU to introduce the micro-financing 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.

Tulong Negosyo program has three categories namely: Simulang Kapital (SIKAP) Pangkabuhayan with loan application amounting to P2,000 – P5,000, Asenso Loan Program amounting to P6,000 – P75,000, and Maunlad Loan Program amounting to P75,000 – P150,000.

Further, 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. Entrepreneurial education through trainings and other related interventions are also conducted.

Recently, JRFP has launched a Restructuring Program extending payment schedules for beneficiaries in a bid to help them recover from losses due to the pandemic.

Due to the limitations in face-to-face transactions, the Tulong Negosyo has also implemented Online Application services and cashless repayment system through Smart Padala and G-Cash.

To apply, visit Joint Resources Financing Program – JRF Facebook Page or click the following links: New Applications – bit.ly/TulongNegosyoNew, and Renewal – bit.ly/TulongNegosyoRenewal. The Muntinlupa Joint Resources Financing Program is located at 2F Plaza Central, Brgy. Poblacion with contact number 8772-3457.

+++++

The above information was sourced from an official press release. Some parts were changed for this website.

Thank you for reading. If you find this article engaging, please click the like button below and also please consider sharing this article to others. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at  HavenorFantasy@twitter.com as well as on Tumblr at https://carlocarrasco.tumblr.com/

For more South Metro Manila community news and developments, come back here soon. Also say NO to fake news, NO to irresponsible journalism, NO to misinformation, NO to plagiarists, NO to reckless publishers and NO to sinister propaganda when it comes to news and developments. For South Metro Manila community developments, member engagements, commerce and other relevant updates, join the growing South Metro Manila Facebook group at https://www.facebook.com/groups/342183059992673

COVID-19 Crisis: Roughly 540,000 vaccine doses donated by South Korea arriving tomorrow

Tomorrow, November 30, 2021, almost 540,000 doses of COVID-19 vaccine donated by the government of South Korea will arrive here in the Philippines according to a recent report by the Philippine News Agency (PNA). This early, we Filipinos should express our thanks to our friends in South Korea for not just for the mentioned incoming vaccines but also for other forms of help they provided for our nation’s fight against COVID-19.

To put things in perspective, posted below is an excerpt from the PNA report. Some parts in boldface…

The South Korean government is augmenting its pandemic assistance to the Philippines with the upcoming donation of 539,430 doses of AstraZeneca vaccine this month.

The Korean Embassy in Manila said the donations are expected to arrive on November 30.

The Embassy of the Republic of Korea is happy to support the Philippine government as it seeks to inoculate 15 million Filipinos during the National Covid-19 Vaccination Days from November 29 to December 1, 2021,” it said in a statement on Tuesday.

The donation is part of the joint efforts made by Korea and the Philippines to protect public health and support the local response to Covid-19 in the Philippines by vaccinating Filipino people.

Since the outbreak of the coronavirus disease 2019 (Covid-19) last year, the embassy has worked closely with partners from the Philippines, both to help protect the front-liners and reduce the crisis’ impact on the livelihood of affected Filipino families.

The upcoming donation brings to USD210.7 million or approximately PHP10.67 billion Korea’s Covid-19 assistance to the Philippines.

About USD200 million of the amount is in the form of concessional loans to help the Philippines procure enough vaccines in 2021 and support government efforts in scaling up its Covid-19 response.

Korea’s grant element in its concessional loan is at least 88.4 percent, based on the 2018 data from the Organization for Economic Cooperation and Development.

It implies that the Philippines need(s) to repay only 12.6 percent and 88.4 percent will not be repaid by the Philippines. Thus, Korea’s concessional loan provides very, very good terms to the Philippines,” the embassy said.

Apart from the loans, Korea has donated 530,000 swab test kits, seven walk-through booths, two extraction equipment, six isolation beds, 970,000 masks, 167,000 hygiene kits, and 1,200 units of personal protective equipment.

It also distributed rice pouches to help about 365,000 Filipinos who are among the country’s most vulnerable cope during the pandemic.

The Korean Embassy said at least 34 refrigerated trucks for transporting Covid-19 vaccines and four trucks for transporting vaccine-related goods are likewise scheduled for delivery in January 2022.

This year marks 30 years of the Philippines’ and Korea’s development partnership, with the latter’s contribution to the country reaching USD2.1 billion in total.

Let me end this piece by asking you readers: What can you say about this new development? Are you thankful to South Korea for the donations and assistance they provided to our country? Do you value the ties between the Philippines and South Korea?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

+++++

Thank you for reading. If you find this article engaging, please click the like button below and also please consider sharing this article to others. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at  @HavenorFantasy as well as on Tumblr at https://carlocarrasco.tumblr.com/

Micro and small business owners can apply for government loans for 13th month pay

Christmas is gradually approaching here in the Philippines. That being said, the 13th month pay will be released to employees during the month of December, specifically before December 24. As the COVID-19 crisis brought the national economy down in 2020, its effects combined with lockdown and restrictions implemented by varied authorities (example: the surprise Metro Manila ECQ of August 2021) are still felt by economic stakeholders and lots of businesses continue to struggle to survive.

The release of the 13th month pay is indeed the next challenge for businesses to do. Fortunately for the micro and small business owners, they can come to the national government to start applying for loans with the 13th month pay in mind, according to a Philippine News Agency (PNA) report.

To put things in perspective, posted below is the excerpt from the Philippine News Agency report. Some parts in boldface…

Micro and small enterprises that are having difficulty in giving the 13th-month pay of their employees can apply for a government loan, Department of Labor and Employment (DOLE) Secretary Silvestre Bello III said in a statement on Sunday.

The Labor chief made the call as he reminded employers that the grant of 13th-month pay is mandated by law. He, however, assured establishments that are still struggling amid the reopening of the economy of the government’s support through the Small Business Corporation (SBCorp).

“Let me remind the employers that the grant of 13th-month pay is mandatory. We issued a Labor Advisory where we maintained that no exemption and no deferment will be allowed on the payment of the 13th-month pay. So, with this loan facility from SB Corporation, there is no more reason to not give the 13th-month pay,” Bello said during the ceremonial launch of the loan program with the Department of Trade and Industry and its financing arm, SBCorp on Friday.

As of Nov. 12, a total of 25 loan applications amounting to PHP5.052 million were already approved by SBCorp.

Qualified borrowers are the owners of micro and small enterprises that have implemented flexible work arrangements and registered under the DOLE Establishment Reporting System as of Oct. 15, 2021.

The loan program can cover up to 40 employees per establishment and the loanable amount is at PHP12,000 per current employee.

It is a zero-interest rate, no collateral loan that is payable in 12 months, inclusive of the three-month grace period.

“I encourage our employers, especially yung mga nahihirapan pa (hard up firms), to avail of this facility so that they can comply with the mandate to pay our workers with what is due them, especially this Christmas season,” Bello said.

The above article ended stating that micro and small business owners may apply for the loans at www.bayanihancares.ph

Let me end this piece by asking you readers: Are you a micro or small business owner struggling to come up with ways to raise funds to pay the 13th month funds to your employees? Have you prepared yourselves to apply for the loans announced by the government? How hard has the lockdown and the set of restrictions been to your business operations this year?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

+++++

Thank you for reading. If you find this article engaging, please click the like button below and also please consider sharing this article to others. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at  HavenorFantasy@twitter.com as well as on Tumblr at https://carlocarrasco.tumblr.com/

For more South Metro Manila community news and developments, come back here soon. Also say NO to fake news, NO to irresponsible journalism, NO to misinformation, NO to plagiarists, NO to reckless publishers and NO to sinister propaganda when it comes to news and developments. For South Metro Manila community developments, member engagements, commerce and other relevant updates, join the growing South Metro Manila Facebook group at https://www.facebook.com/groups/342183059992673

COVID-19 Crisis: More support for businesses by means of easing restrictions

Are you a business owner who has been struggling to make ends meet during the pandemic here in the Philippines? On the national level, more support for businesses by means of easing the restrictions has been pushed for by Presidential Adviser for Entrepreneurship Jose Ma. “Joey” Concepcion III according to a recent news report by GMA Network.

To put things in perspective, posted below is the excerpt from the GMA Network news report. Some parts in boldface…

Presidential Adviser for Entrepreneurship Jose Ma. “Joey” Concepcion III on Tuesday called for the need to open up more of the economy in the final quarter of the year, for businesses to recover and be able to pay their dues.

According to Concepcion, the fourth quarter is crucial for businesses given the historically higher consumer spending amid the Christmas holidays.

“We have to open the economy because this is the last quarter. This is time when most negosyantes can get back what they lost in the previous months. Babayaran nila mga 13th month pay, may utang nila sa bangko, sa suppliers [They will have to pay the 13th month pay, their loans in the banks, with suppliers],” he said during the Laging Handa virtual briefing.

Concepcion has been pushing for the imposition of “bakuna bubbles” or pockets of micro-herd immunity among closed groups such as homes and workplaces.

Under the proposed measure, vaccinations will be mandated for a range of indoor gatherings in a bit to boost the country’s immunization efforts and only allow privileges to those fully vaccinated.

At present conditions with only 30% indoor dining allowed for fully vaccinated individuals in Metro Manila, Concepcion said businesses do not gain much, noting that this should be increased to at least 50% to carry businesses over to 2022, or even 70% by November or December.

“Ito ang panahon that we should start to live with COVID. Kung pabagsak ang [If there is a downtrend on the] trajectory ng infection level, then we should open up more and more and then keep an eye, watch out if it reverses then we pull back and we can push back,” said Concepcion.

“For now, it’s only one quarter left ’til the end of the year. Bigay na natin ‘to sa mga negosyaante para mabuhay sila ’til next year. [Let’s give this to the businesses for the thrive until next year],” he added.

In relation to the news above, the Department of Trade and Industry (DTI) called for businesses to be open on all alert levels. The Cinema Exhibitors Association of the Philippines (CEAP) appealed to the Inter-agency Task Force (IATF) for the Management of Emerging Infectious Diseases to allow the limited operations of cinemas under the Alert Level 4.

Let me end this piece by asking you readers: What do you think about Joey Concepcion’s statements on supporting businesses a lot? Do you feel confident about the further reopening of the national economy? Do you think that the Metro Manila Council (MMC) and the Metropolitan Manila Development Authority (MMDA) will understand Concepcion’s pro-business push and make wise decisions this time around?

Can you imagine the MMC and MMDA recommending another enhanced community quarantine (ECQ) to the IATF in the near future that will surely destroy jobs and hurt businesses all over again?

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

+++++

Thank you for reading. If you find this article engaging, please click the like button below and also please consider sharing this article to others. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me as well. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me at HavenorFantasy@twitter.com

For more South Metro Manila community news and developments, come back here soon. Also say NO to fake news, NO to irresponsible journalism, NO to misinformation, NO to plagiarists, NO to reckless publishers and NO to sinister propaganda when it comes to news and developments. For South Metro Manila community developments, member engagements, commerce and other relevant updates, join the growing South Metro Manila Facebook group at https://www.facebook.com/groups/342183059992673

COVID-19 Crisis: Muntinlupa City releases zero-interest loan to local entrepreneurs for their recovery amid pandemic

In an effort to revive the stalled local economy due to the COVID-19 pandemic, the City Government of Muntinlupa provided a zero-interest loan assistance to micro-entrepreneurs and MSMEs dubbed as “Muntipreneurs”.

Mayor Jaime Fresnedi led a turn-over ceremony of loan assistance amounting to P938,000.00 to 51 Tulong Negosyo Batch 122 beneficiaries in Muntinlupa City Hall two days ago. Among the beneficiaries were two local entrepreneurs who received P100,000 each while one member received P75,000. Fresnedi vows to continue the local financing program and hopes to revive the local economy by supporting grassroot players through various programs.

Muntinlupa City Mayor Jaime Fresnedi turns over the local government’s zero-interest loan assistance amounting to P938,000.00 to Tulong Negosyo Batch 122 beneficiaries in Muntinlupa City Hall last January 27. Among the beneficiaries were two local entrepreneurs who received P100,000 each while one member received P75,000. Fresnedi hopes to revive the local economy by supporting grassroot players through various programs. (source – Muntinlupa PIO)

The City Government assists local micro-entrepreneurs through its Tulong Negosyo Program (formerly Dagdag Puhunan). Muntinlupa is the first LGU to introduce the micro-financing 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.

Recently, the loan repayment period was extended by three months for clients with existing loans from March to June 2020 in a bid to help them recover from losses due to the pandemic.

Tulong Negosyo program has three categories namely: Simulang Kapital (SIKAP) Pangkabuhayan with loan application amounting to P2,000 – P5,000, Asenso Loan Program amounting to P6,000 – P75,000, and Maunlad Loan Program amounting to P75,000 – P150,000.

Further, 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. Entrepreneurial education through trainings and other related interventions are also conducted.

Due to the limitations in face-to-face transactions, the Tulong Negosyo has implemented Online Application services and cashless repayment system through Smart Padala and G-Cash.

To apply, visit Joint Resources Financing Program – JRF Facebook Page or click the following links: New Applications – bit.ly/TulongNegosyoNew, and Renewal – bit.ly/TulongNegosyoRenewal. The Muntinlupa Joint Resources Financing Program is located at 2F Plaza Central, Brgy. Poblacion with contact numbers 8772-3457and (0921) 888 6124.

+++++

The above information was provided by the City Government of Muntinlupa for the purpose of public information and transparency. Some parts were edited for this website.

For more South Metro Manila community news and developments, come back here soon. Also say NO to fake news, NO to irresponsible journalism, NO to misinformation, NO to plagiarists, NO to reckless publishers and NO to sinister propaganda when it comes to news and developments. For South Metro Manila community developments, member engagements, commerce and other relevant updates, join the growing South Metro Manila Facebook group at https://www.facebook.com/groups/342183059992673

Muntinlupa City at Work – January 28, 2021

The City Government of Muntinlupa continues to serve its constituents by executing varied forms of public service. To catch up with what they’ve been doing lately, here is a quick look at the recent developments in the city.

Yesterday, Muntinlupa City Mayor Jaime Fresnedi turned over the City Government’s loan assistance amounting to P938,000.00 to Tulong Negosyo Batch 122 beneficiaries at City Hall. Among the beneficiaries were two local entrepreneurs who received P100,000 each while one member received P75,000. The mayor hopes to revive the local economy by supporting grassroot players through various programs.

A total of P938,000 worth of loans was released by the City Government of Muntinlupa under the leadership of Mayor Jaime Fresnedi. (source – Muntinlupa PIO)
Mayor Fresnedi checks on a local entrepreneur. (source – Muntinlupa PIO)

+++++

The above information was provided by the City Government of Muntinlupa for the purpose of public information and transparency. Some parts were edited for this website.

For more South Metro Manila community news and developments, come back here soon. Also say NO to fake news, NO to irresponsible journalism, NO to misinformation, NO to plagiarists, NO to reckless publishers and NO to sinister propaganda when it comes to news and developments. For South Metro Manila community developments, member engagements, commerce and other relevant updates, join the growing South Metro Manila Facebook group at https://www.facebook.com/groups/342183059992673