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PIA Press Release

Mindanao launch of livelihood lending for gov't workers set in Davao

Davao City (24 May) -- Following the successful launching in Manila last May 2 and in Cebu on May 11 of President Gloria Macapagal Arroyo's livelihood lending facility for government workers dubbed as "Puhunang Pangnegosyo para sa Kawani ng Gobyerno," the final leg will be held in Mindanao at another GoNegosyo, GoGobyerno event in Davao City on May 25.

Secretary Cerge Remonde, Presidential Management Staff (PMS) Director General and Oversight Official for Micro, Small and Medium Enterprises (MSME) Development, will lead more than 1,000 government employees in launching the new financing assistance program of President Arroyo.

Remonde said the program is an offshoot of the March 8 Women's Day celebration when President Arroyo directed the President and CEO of the People's Credit and Finance Corporation, Edgar Generoso, and the National Commission on the Role of Filipino Women, led by its Chairperson Myrna Yao, to draw up a financing program for government employees that would enable them to have greater access to resources and various MSME services.

As of February 2007, government financing agencies have already released some P159.8 billion in loans to more than 2.6 million active microfinance clients and SME accounts, generating over 1.5 million new jobs.

The series of launchings and kick-off of MSME programs is part of President Arroyo's campaign to boost livelihood opportunities, technology, marketing and credit assistance to would-be entrepreneurs in the country.

Expected to attend the Mindanao launching are officers and staff of government employees from various regions in Mindanao who will have a chance to learn through presentations by experts from MSME-related government agencies and experiences and ideas to be shared by successful entrepreneurs.

After the rousing success of the Manila and the Visayas launches, Sec. Remonde is bringing the last leg of the launch to Mindanao to leave no stone unturned in improving the lives of the entire Filipino government workforce.

"This time we will be going to Davao City to make sure that all state workers in our country will know about this new opportunity to improve their lives and that of their families. And with the full backing of President Arroyo, the MSME sector will lead the quiet revolution that will change the course of our nation and change the lives of our people for the better," said Remonde.

As the Visayas launch in Cebu, the Mindanao launch in Davao is spearheaded by the Philippine Government Employees Association (PGEA), in collaboration with PMS, the government agencies involved in MSME development, and the government's private sector partner, the Philippine Center for Entrepreneurship. (PMS-PIA XI) [top]

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