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Bangon Marawi: DTI fasttracks assistance to IDPs
The Department of Trade and Industry (DTI) is keen on fasttracking the revival of Marawi City’s illustrious business environment as the agency looks to provide more assistance to affected Maranao entrepreneurs. “We plan to allocate more budget for this year to support the Bangon Marawi programs to provide livelihood assistance to around 80% of identified internally displaced persons (IDPs) in 2018,” said Trade Secretary Ramon Lopez. DTI Regional Operations Group (ROG) Undersecretary Zenaida Maglaya said that the agency has set aside Php 50 million to fund the Shared Service Facilities (SSF) project and will seek additional budget to fund the provision of livelihood starter kits, micro loans,mobile rice mills, tricycles, construction of public markets, and provision of retail spaces in major malls to promote Maranao products, among others. “We will continue to provide assistance to our brothers and sisters in Marawi. As of now we are working to assist Maranao entrepreneurs with micro loans through the Pondo sa Pagbabago at Pag-asenso or P3, mobile rice mills, tricycles, and equipment,” Maglaya said. The P50 million SSF fund will help address the needs of Maranao entrepreneurs in the aspect of loomweaving,wood working, and brasswares by providing equipment that matches their needs, she added. The agency, through the Small Business Corporation (SB Corp), also released a total of P375,000 micro loans in the form of P3 to 37 Maranao borrowers, who were also recipient of DTI’s business starter kits, received assistance from DTI. SB Corp has earmarked at least 1,000 Marawi entrepreneur beneficiaries that will receive loan packages in the first quarter of 2018. The agency has also provided entrepreneurs with mobile rice mills, livelihood starter... read moreDTI to create more smarter entrepreneurs through mentoring, coaching program
The Department of Trade and Industry (DTI) looks to create more smarter entrepreneurs through mentoring and coaching programs with the Kapatid Mentor ME (KMME) Program. Under the 7Ms initiative of the Department, the Kapatid Mentor ME aims to strengthen the strategy for Philippine Micro Small and Medium Enterprise (MSME) Development, which are mindset, mastery, mentoring, market, money, machines, models, propelling MSMEs to make headway in increasing the competitive market. DTI Regional Operations Group Undersecretary Zenaida Maglaya said the agency will expand the KMME Program after a successful pilot run in 2017 with 2,663 MSMEs, finishing the 10-week mentoring program. “When we launched KMME nationwide last year. We were able to generate 28,202 attendees. As of end of 2017, we have at least a total of 2,663 [MSME] graduates or mentees. These are the ones who have undergone 10-week session of intensive training and mentoring by MSMEs themselves,” Maglaya said, adding that the agency targets to hike the number of MSMEs assisted by 5,000 this year or 20% increase of the total attendees. The Kapatid Mentor ME Program aims to assist MSMEs scale up and sustain their businesses through weekly coaching and mentoring by business owners and practitioners on different functional areas of entrepreneurship. The 11-week program will have weekly modules such as Marketing, Financial Management, Human Resource Management, Operations Management among others. For 2018, Maglaya said the agency will expand the initiative and will add coaching as part of the program. “We will have a new program on coaching. This year, because we have more mentors, we will have the coaching program,” she explained. “The coaching program will allow our... read more