CAPITOL TO RELEASE MICRO- FINANCING FUND FOR NORTHERN PALAWAN


The provincial government of Palawan will release additional funding of its Micro- Financing Program in July for beneficiaries in northern Palawan.
Caesar Ventura, program director of the program, told Palawan News that the fund will be used as additional capital for small business.
Ventura said that residents of the towns of Aborlan, Narra, Brooke’s Point and Sofronio Espanola in southern Palawan have already benefitted from the program of the Capitol.
“Ang programang ito ay para sa mga kababayan nating may existing na maliliit na negosyo kung saan magbabayad sila ng walang interes.” he said.
The towns of Dumaran, El Nido, Roxas, San Vicente and Taytay are next in the schedule for release.
The beneficiaries have already undergone orientation and signing of contracts, Ventura said.
The program is part of the initiative of the provincial government is in line with its advocacy of alleviating the lives of its constituents.
It targets to reach at least 200 beneficiaries for each municipality and offers loans from P10,000 to P30,000 as capital to set up their own business.
“Ngunit araw- araw umano silang sisingilin base narin sa kanilang pinirmahang kontrata, kung saan aabot lamang ng 60 pesos kada araw. May ginagawa kaming sistema para makasingil kami,” Ventura said.
He added that after having a “good record” by paying on time, more incentives will be provided by the government.
“ Kailangan lamang nilang magpasa ng application form, valid ID’s, Valid Mayor’s at Business Permit, para maka avail sila sa programa.” Ventura said.

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