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PIA Press Release

Valencia dad expresses support to BDS programs for MSMES

Cagayan de Oro City (5 March) -- In a Financing Forum in Valencia City, Mayor Leandro Jose H. Catarata of Valencia City in the province of Bukidnon expressed his strong support to the Business Development Services (BDS) program implemented by the Valencia City Chamber of Commerce and Industry, Inc. (VCCCII), and hoped for a better partnership in the future in developing the Micro, Small and Medium Enterprises (MSMEs) in the city.

The forum was conceptualized in the last quarter of 2009 as part of the BDS program, to address the financing needs of MSMEs in Valencia City who were looking for new financing windows, other than those already offered by existing banks in the locality.

Through the assistance of the Department of Trade and Industry (DTI), VCCCII was able to avail of the services of the Small Business Corporation (SBGFC), the financing arm of DTI.

Cagayan de Oro Desk Officer, Jade M. Montero gave a presentation of its various financing programs which include among others guarantee, direct and indirect lending, financial leasing, secondary mortgage and venture capital operations.

A total of 40 MSMEs attended the event and 30 of them were able to confer with Montero during the one-on-one consultation in the afternoon.

Imelda Quizo, president of VCCCII, was overwhelmed with the turn-out of the forum. Hence, a second Financing Forum was slated on March 4, 2010 at Taipan Restaurant in the city to accommodate the request of other MSMEs who were not able to attend the activity.

The forum was held at Café Maria and organized by the VCCCI, in coordination with DTI-Bu kidnon provincial office. (Department of Trade and Industry Bukidnon / Fam Villanueva) [top]

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