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.

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COVID-19 Crisis: Muntinlupa City and DOLE launch Bikecination, Bigasan livelihood program for indigent residents

The City Government of Muntinlupa, in partnership with the Department of Labor and Employment – National Capital Region (DOLE-NCR), officially launched the Bikecination and Bigasan livelihood program for fully vaccinated workers coping with the effects of the pandemic and indigent city residents.

Congressman Ruffy Biazon led the launching of the program together with DOLE-NCR Dir. Leonides Castillon Jr. and Muntinlupa Public Employment Service Office chief Glenda Zamora-Aniñon this past Tuesday (October 5) at Muntinlupa Sports Center, Brgy. Tunasan.

The local government of Muntinlupa, in partnership with DOLE-NCR, launched the Bikecination and Bigasan livelihood program for fully vaccinated informal sector workers and indigent city residents last October 5 at Muntinlupa Sports Center, Brgy. Tunasan. The program aims to incentivize fully vaccinated informal sector workers and provide an alternative source of income as assistance to help them recover from the challenges brought by the pandemic. Shown in the photo: (L-R, front row) PESO Muntinlupa chief Glenda Zamora-Aniñon, Congressman Ruffy Biazon, and DOLE-NCR Dir. Leonides Castillon Jr. (source – Muntinlupa PIO)

For the Bikecination project, 28 fully vaccinated beneficiaries are parents/beneficiaries of child labor, micro-entrepreneur clients of the local Joint Resource Financing Program (JRFP), from 4Ps, and youth entrepreneurs under the Youth Affairs and Sports Development Office (YASDO) received a bike unit with accessories such as carrier bag, bottle, head gear, back and front light, vest, and rain coat.  They also received a cellphone unit with P5,000 prepaid load.

DOLE’s Bikecination project aims to provide an alternative source of income for informal sector workers or their next of kin under the A4 category who have received their COVID-19 vaccine. The project targets to incentivize and encourage informal sector workers to get vaccinated to help in the country’s fight against this pandemic.

For the Bigasan livelihood program, 25 beneficiaries who are parents/beneficiaries of child labor each received eight 25 kilos sacks of rice worth P10,000.

Other officials joining the launching event include JRFP acting head Maylene Viñas, Youth Affairs and Sports Development Office chief Cynthia Viacrusis, City Cooperative Office chief Atty. Nemei Santiago, Social Service Department chief Analyn Mercado, and Tourism, Culture, and the Arts Department chief Juvy Engo.

Further, the City Government continues to provide financing assistance to micro-entrepreneurs and MSMEs through Tulong Negosyo Program’s zero-interest loans (formerly Dagdag Puhunan) to help city residents cope with the challenges brought about by the pandemic.

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.

For more information, visit the Joint Resources Financing Program – JRF Facebook Page or visit them at 2F Plaza Central, Brgy. Poblacion with contact numbers 8772-3457and (0921) 888 6124.

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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 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.

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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)

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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

COVID-19 Crisis: Muntinlupa City Government grants zero-interest loan to 112 “Muntipreneurs” to help them recover amid pandemic

In a bid to assist local businesses and revive the stalled local economy brought about by the COVID-19 pandemic, the City Government of Muntinlupa has provided zero-interest loan to MSMEs and micro-entrepreneurs dubbed as “Muntipreneurs.”

Specifically the City Government assisted at least 112 micro-entrepreneurs through its Tulong Negosyo Program (formerly Dagdag Puhunan) and has distributed P2,762,000 cash assistance from March to September 2020. Muntinlupa City is the first LGU to introduce the micro-financing program.

Tulong Negosyo caters to MSMEs and provides micro finance assistance which ranges 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.

On September 23, Mayor Jaime Fresnedi led a turn-over ceremony of loan assistance amounting to P990,000.00 to 28 Tulong Negosyo Batch 116 beneficiaries in Muntinlupa City Hall. Among the beneficiaries, three local entrepreneurs received P100,000 each while one member received P150,000.

Fresnedi vows to continue the program and assist Muntipreneurs especially in the time of the COVID-19 pandemic. The mayor hopes to revive the local economy by support grassroot players through various programs.

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 ongoing health crisis, 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.

Muntinlupa City is hailed the country’s Most Business-Friendly LGU in 2017-2018 by the Philippine Chamber of Commerce and Industry.

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Latest City Government of Muntinlupa details sourced from their official media release. 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 distorted views and NO to sinister propaganda when it comes to news and developments.