metromanila.politics.com.ph

Para makapagsimula uli! Jaime Fresnedi grants zero-interest loans to 112 MSMEs

0

Muntinlupa Mayor Jaime Fresnedi has given 112 owners of micro, small and medium enterprises (MSMEs) zero-interest loans to help them continue operations amid the COVID-19 pandemic.

Fresnedi on Wednesday, September 23, 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 said he hopes to revive the local economy by support grassroot players through various programs.

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.

The loan repayment period was recently 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.