Muntinlupa LGU grants loans to 200 'Muntipreneurs'

THE local government of Muntinlupa continues to provide zero-interest loan assistance to micro-entrepreneurs and MSMEs dubbed as "Muntipreneurs" in a bid to revive the stalled local economy due to the Covid-19 pandemic.

Four local entrepreneurs received P150,000 each, seven received P100,000 and five beneficiaries received P75,000.

Mayor Jaime Fresnedi vows to continue the local financing program and hopes to revive the local economy by supporting grassroots players through various programs.

The city government assists local micro-entrepreneurs through the Joint Resource Financing Program's (JRFP) Tulong Negosyo (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.

Tulong Negosyo program has three categories, namely Simulang Kapital (SIKAP) Pangkabuhayan with loan application amounting to P2,000 to P5,000; Asenso Loan Program amounting to P6,000 to P75,000; and Maunlad Loan Program amounting to P75,000 to 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.

Recently, JRFP has launched a restructuring program extending payment schedules for beneficiaries in a bid to help them recover from losses due to the pandemic.

Due to the limitations in face-to-face transactions, the Tulong Negosyo has also implemented online application services and a cashless repayment system through Smart Padala and GCash.

To apply, visit Joint Resources Financing Program — JRF Facebook Page or click bit.ly/TulongNegosyoNew for new applications and bit.ly/TulongNegosyoRenewal for renwal. The Muntinlupa Joint Resources Financing Program is located at 2F Plaza Central, Barangay Poblacion.

Source: TheManila Times