Issue of July 26, 2020
     
NEWS
Benguet
 
OPINION
 
 
Other Links:
P100 M loan for affected OFWs
by Press release

The Small Business Corporation (SB Corporation) has launched a P100-million loan facility for repatriated overseas Filipino workers affected by the Covid-19 pandemic.

The program, Helping the Economy Recover through OFW Enterprise Start-ups (Heroes), is a component program of the Pondo sa Pagbabago at Pag-asenso fund under the Department of Trade and Industry. The loan facility is aimed at helping repatriated OFWs rebuild their lives by providing opportunity to become entrepreneurs.

Under the Heroes Program, returning OFWs who were retrenched due to the Covid-19 pandemic must present a video pitch of his/her start-up business proposal outlining key components on the nature of business, product knowledge, management capability, market opportunity, competitive advantage, financial understanding and business continuity.

Loan proceeds should strictly be used for working capital to start and sustain the business operations. The loan may be used for the acquisition, production and sale of products and required inventory, necessary equipment and machinery for the business; and payment of initial worth of operating costs incurred such as payroll, rent, utilities, and fixed asset loans.

Under the program, OFWs may borrow a minimum of P10,000 up to a maximum of P100,000 free of interest and collateral. A six percent service fee will be charged to loans with 24 months payment term and eight percent for loans with 36 months payment terms (inclusive of 12 months grace period).

The application process will start with the pre-registration for the on-line training with the Philippine Trade Training Center (PTTC), which can be accessed using this link: bit.ly/HEROESPreReg.

Upon completion of the training, qualified applicants will be given instructions on how to submit their loan applications with the following requirements: accomplished loan application form; one government-issued ID with photo; OWWA certification or proof of being a repatriated OFW; AVP of business plan; DTI registration; and certificate of completion of an online training session for start-ups conducted by PTTC.

For additional information, visit www.sbgfc.org.ph.


Your Ad Here


BUSINESS
Modified tech spurs prod’n for backyard tilapia raising

SSS implements number coding in its 61 branches

SEC makes permanent cease, desist order against CROWD1

TESDA launches 4 projects in villages despite health crisis

2 million farmers avail of loan program offered by Landbank

P2 M given to CDWs in Benguet

MSMEs boost resiliency thru online & webinar training

BENECO ready to meet DU regulatory, industry demands

DBP calls on public to invest in Treasury’s Progreso Bonds

Mall helps MSMEs bounce back better

Kalinga backs KaLingA project vs insurgency


Philippine National Police – Police Regional Office – CAR
R.A Gapuz Review Center

Baguio Central University
Baguio Country Club
Benguet Electric Cooperative Inc.
Congressman Mark Go
Data Center of the Philippines of Baguio City, Inc.
Department of Health – CAR
Kings’ College of the Philippines
Mayor Benjamin B. Magalong
Pines City Colleges
Sangguniang Panlungsod
SiTEL
SM City Baguio
Social Security System
Veterans Bank

Albergo Hotel and Residences
Baguio Center Mall
Baguio Water District
C & Triple A Supermart
Congressman Nestor B. Fongwan
Curamed Pharmacy
Department of Agriculture – CAR
Department of Environment and Natural Resources – CAR
Ganza & Solibao Restaurants
GMS Technology
Governor Melchor D. Diclas
John Hay Management Corporation
Mayor Romeo K. Salda
MMS Development Training Center Corporatino
Mother Earth Deli Basket
Philipppine Science High School
Regional Development Council – CAR
Sutherland

Home | About Us | Editorial Policy | Contact Us  
News | Opinion | Snapshots | Week's Mail | Obituaries  
Copyright © 2007-2015. All Rights Reserved. baguiomidlandcourier.com.ph