The government is setting aside funds through the National Livelihood Support Fund (NLSF) as total loanable amount to local entrepreneurs who want to start or expand their businesses.
Besides allocating P1.7 billion that will be loaned to entrepreneurs, the government lending agency has also tied up with the Philippine Center for Entrepreneurship (PCE) which will be conducting summit and exposition this month.
“The PCE was successful in bringing together stakeholders and leaders from the academe, the government, business, diplomatic and non-profit sectors. And through this summit and exposition, we hope that we will be able to help small and medium entrepreneur start and expand their businesses,” said Jose Conception III, the Presidential consultant for entrepreneurship, and also one of the event’s organizers.
The NLSF said the applicants could avail themselves a maximum loan of P150,000. This is under a micro-financing scheme with a loanable amount ranging from P150,000 and below. However, the NLSF, which is also a conduit of other government financing institutions, said it is lending money to wholesalers not retailers.
According to Concepcion, the exposition will showcase many business ideas, entrepreneurship schools, NGO-led programs, micro-lending facilities, award-winning business plans, marketable inventions and free seminars for would be entrepreneurs.
“With these initiatives, we hope that small businesses would be able to market many other products aside from leading commodities such as food. The idea is to assist them explore other areas and move out of the “survival products like foods,” he said. (PIA) mailto:madyaas_pen@yahoo.com
Besides allocating P1.7 billion that will be loaned to entrepreneurs, the government lending agency has also tied up with the Philippine Center for Entrepreneurship (PCE) which will be conducting summit and exposition this month.
“The PCE was successful in bringing together stakeholders and leaders from the academe, the government, business, diplomatic and non-profit sectors. And through this summit and exposition, we hope that we will be able to help small and medium entrepreneur start and expand their businesses,” said Jose Conception III, the Presidential consultant for entrepreneurship, and also one of the event’s organizers.
The NLSF said the applicants could avail themselves a maximum loan of P150,000. This is under a micro-financing scheme with a loanable amount ranging from P150,000 and below. However, the NLSF, which is also a conduit of other government financing institutions, said it is lending money to wholesalers not retailers.
According to Concepcion, the exposition will showcase many business ideas, entrepreneurship schools, NGO-led programs, micro-lending facilities, award-winning business plans, marketable inventions and free seminars for would be entrepreneurs.
“With these initiatives, we hope that small businesses would be able to market many other products aside from leading commodities such as food. The idea is to assist them explore other areas and move out of the “survival products like foods,” he said. (PIA) mailto:madyaas_pen@yahoo.com
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