Micro-, small entrepreneurs train to beat pandemic

News, Provincial

LAOAG CITY – Hundreds of small enterprises in the different towns of Ilocos Norte continue to hone their skills to adapt themselves to the new normal.

They enjoy support from a team from the Micro, Small and Medium Enterprises (MSMEs) office of the Ilocos Norte Provincial Government and the Department of Trade and Industry which encourages them to join the e-commerce and level up their knowledge and skills by undergoing seminar-trainings in basic entrepreneurship.

Gov. Matthew Joseph Manotoc said “it has been a rough year for everyone especially our MSMEs but together, we will rise to the challenges of the new normal,” as he reiterated the provincial government’s continued efforts to assist small businesses who have been badly-hit by the pandemic.

This week, the MSME office held another round of seminars for 41 local entrepreneurs in the towns of Banna, Marcos, Paoay, Piddig, Badoc, and Solsona. After the seminar, each of them received P5,000 worth of livelihood kits courtesy of the provincial government.

Some 69 other small entrepreneurs underwent similar seminars and received livelihood kits recently in the Ilocos Norte towns of Pasuquin, Burgos, Dumalneg, Pagudpud, Pinili, Adams, San Nicolas, Vintar, Bangui, and Laoag City.

Aside from the continuing seminar and livelihood kit distribution, the Ilocos Norte government also offers interest-free loan assistance for small businesses as part of the recovery assistance program.

Under the “Microfinancing for MSMEs Most Affected by the Covid-19 Pandemic” program, qualified applicants whose businesses are still in operation can avail of interest-free P10,000 to P200,000 working capital payable in six months.

“The program prioritizes “underprivileged” or startup businesses with assets worth P300,000 and below, followed by small and medium enterprises,” said MSME Office head Elma Gabriel.

To avail of the program, applicants need to submit the following requirements: accomplished loan application form, one government-issued ID, proof of business address, barangay business certification and mayor’s permit, DTI registration, and latest financial statement.

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