Pasig City launches interest-free loan for economic recovery

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The Pasig City government has officially launched its Tulong at Pampuhunang Ayuda sa Taga-Pasig (TAPAT) program which offers loans to job seekers, entrepreneurs and businesses starters in the city.

Pasig Mayor Vico Sotto said the city government has allotted a P200-million budget for the facility to provide financial loans to about 20,000 to 40,000 residents, The TAPAT program offers small loans to help sustain the economic recovery of the city and its residents.

TAPAT offers three types of interest-free loans — Balik Negosyo, Bagong Negosyo and Balik Trabaho. Under the Bagong Negosyo and Balik Trabaho loan offers, the local government prioritizes individuals who were economically-hit by the health crisis since the implementation of the enhanced community quarantine (EQC).

The beneficiaries must be unemployed and presently have no business. We must help first those who have been laid off  their jobs, no work and no pay since the ECQ started,  Sotto said.

The Bagong Negosyo loan package amounting to P10,000 is for displaced workers who wish to start a small business during the present Covid-19 crisis. The Balik Trabaho, on the other hand, offers a P5,000 loan to displaced workers who are now looking for new jobs and in need of financial assistance to complete their application requirements.

The Pasig City government urges interested residents to apply via pasig.accessleap.comFor further particulars,  Sotto said applicants may also visit the TAPAT Help Desk located at the Career Center, GAD Compound, Pasig City Hall.

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