CEBU CITY – The provincial government of Cebu recently launched the “Sugbo Negosyo” as part of its post-Covid assistance program for micro entrepreneurs affected by the coronavirus pandemic.
The provincial government signed a tripartite memorandum of agreement with the Department of Trade and Industry (DTI)-Cebu provincial office and the Mandaue Chamber of Commerce and Industry (MCCI) to mark the start of the program’s roll-out.
Speaking during the event launch at the Capitol Social Hall, Governor Gwendolyn Garcia reiterated the need for Cebu to start rebuilding the economy, which has been badly hit by the health crisis.
Garcia expressed hope that the Capitol’s micro-business aid program will spur economic recovery moving forward. She said the program may become a model for other areas in the country to follow when it comes to helping their small entrepreneurs.
“Should this program succeed, we can continue this and could possibly add more funds to the program,” she added.
MCCI’s established entrepreneurs will provide mentoring to the beneficiaries of the business capital grant which will be given in kind and not in cash. And MCCI president Steven Yu assured the commitment of the business sector when it comes to providing the much-needed mentoring to make the program successful.
The program gives entrepreneur beneficiaries as much as P50,000 worth of
starting capital. The program has three categories, namely “Negosyong
Padayonon” for Category A, “Produktong Sugbuanon” for Category B, and “Mga
Serbisyo ug Ginagmay’ng Patigayon” for Category C.
Beneficiaries of Category A will be aided with capital worth P50,000 in the form of goods, equipment or raw materials. And P20,000 capital is allotted for Category B, and P10,000 for Category C.
“Negosyong Padayonon” intends to repurpose, uplift, or enhance established micro-enterprises heavily affected by the pandemic. While “Produktong Sugbuanon” is aimed at both new and existing micro-entrepreneurs engaged in manufacturing or processing, while “Mga Serbisyo ug Ginagmay’ng Patigayon” is for new and existing micro-entrepreneurs engaged in trading or services.
The program recipients will claim the goods, equipment or raw materials from partner-suppliers through a digital coupon system. The coupon is unique with its quick response code to ensure validity. Potential beneficiaries should have entrepreneurial skills and ensure the most likelihood of success in their endeavor.
Garcia said she wants not to limit the program to the lower 20-percent income group, but rather open it to right applicants whichever walk of life they are from. She said the Capitol has allocated P100 million for the program to be released through the 17 provincial board members worth P5 million each, and P15 million through the Office of the Vice Governor.
To ensure the applicant is a bonafide resident of Cebu province, a
voter’s identification card is recommended to be included in the eligibility
criteria. (Carlo Lorenciana)
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