Wednesday, September 14, 2011

DTI's Tulong Asenso para sa Marindukenyo

Some recipients of DTI’s Tulong Asenso para sa Marindukenyo in these photos.

Local entrepreneurs from Marinduque's six towns are availing themselves of a micro-financing program introduced and implemented by the Department of Trade and Industry (DTI) Marinduque office.

Under this program loan amounts ranging from P 3,000.00 to P 50,000.00 are provided to qualified beneficiaries currently engaged in small livelihood industries such as production of native delicacies, sari-sari store expansion, handicrafts manufacturing, and trading of Marinduque-made products.

DTI provincial director Carlito Fabalena explains that the program is also open to new businesses with high market demand. Such loans are subjected to interest rate of 6% per annum, and are payable from three to six months depending on the gestation period. Payments are deposited to DTI Marinduque’s trust account and used as revolving fund.

Chief of Staff, Erick Abad of Cong. Velasco's Office informs that more applicants will be benefited by Tulong Asenso with additional funding from the lawmaker's PDAF.

Tulong Asenso checks are releaased by DTI to the borrowers on scheduled dates at the Office of Congressman Allan Velasco. Tulong Asenso para sa Marindukenyo is funded through Velasco’s Priority Development Assistance Fund.

Interested applicants to the program are required to fill out and submit application forms together with other requirements such as pictures, mayor’s permit, barangay certification and sketch maps.

Yesterday, 58 beneficiaries from six towns received their individual checks ranging from P. 3,000.00 to Php 50,000.00 at Cong. Velasco’s District Offices in Sta. Cruz and Boac.

Some of these beneficiaries are shown here being handed over their checks by Mike Velasco, brother of the congressman who also spoke on the latter's behalf.