Davao Norte gets ahead in grow micro implementation
by JMD Abangan
Tagum City (28 November) -- Davao del Norte is getting ahead in implementing the Grow Micro program through which P5.4 million has been released to the 11 municipalities and cities of the province.
Guesting at the Kapihan sa Kapitolyo media forum in Tagum City, Gloria Pamugas, manager of the Technical Livelihood Development Center and the Provincial Employment Services Office (PESO) said Davao del Norte's municipalities and cities are the first in getting Grow Micro funds.
On top of the funds for towns and cities, DOLE XI will soon be releasing P500,000 Grow Micro funds to the provincial government of Davao del Norte, Pamugas said.
The Grow Micro funds come from the Department of Labor and Employment (DOLE) XI, intended to generate employment at the grassroots level.
"Every P5,000 released to a beneficiary, one job is expected to be generated," Pamugas explained.
Funding releases to LGUs vary depending on the total of amount business projects reflected on the business proposals which they have submitted to the DOLE XI.
Pamugas explained that the Grow Micro fund is intended for the informal sector micro entrepreneurs such as those selling used clothing (ukay-ukay), banana cue, balot, kwik-kwik, among others.
The funds are being loaned to micro borrowers at a "very minimal interest rates" so it would be rolled back to other beneficiaries.
"Para ma-sustain ang program, dapat i-roll ang kwarta." (to sustain the program you must roll in the money) Pamugas explained in a separate interview.
Local employment office together with the PESO at the provincial office is conducting business management capability building of beneficiaries.
It will also be taking charge of monitoring and evaluation of performance of beneficiaries. (PIA) [top]