Presidential Communications Operations Office



  PIA Bldg, Visayas Ave, Diliman, Quezon City, Philippines
  Friday, 2 December 2022 News Before 1 Feb 2012. Click for Latest
Web PIA  
 
home
 
about
 
fotos
 
info
 
links
 
ncrr01carr02r03calmimr05r06r07r08r09r10r11r12r13
 << December 2022 >> 
S M T W T F S
1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 31
Special News Editions:
English.Tagalog.Cebuano
Ilocano.Waray.Hiligaynon
Pangasinan.Other
PIA Specials:
NEW! Cabinet Officials
Jobs.Slides.Specials.Ads. Events.ASEAN.Multimedia
Visitors since 15 Feb 2011:
PIA News Archive:
English.Tagalog.Cebuano
Waray.Hiligaynon.Ilocano
Pangasinan.All
PIA Archive News Reader

PIA Press Release
2007/11/19

PGMA extends another support to micro-finance, SMEs

Manila (19 November) -- President Gloria Macapagal-Arroyo has recently distributed checks to 11 small and medium enterprise businessmen in view of the government's continued support to microfinance.

The distribution of checks, with amounts ranging from P15, 000 to P30, 000, was in time with the awarding ceremonies for the micro-entrepreneur of the year (MOTY) awardees in Malacañang.

The checks were sourced from the National Livelihood Support Fund (NLSF) and the People's Credit and Finance Corporation (PCFC).

A strong supporter of microfinance and SMEs, the President said the resurgence of these enterprises will create a "robust" middle class, a key factor for her vision of the Philippines reaching first world status in 20 years.

The recipients of the checks were Merina Rallos (RTW and peanut butter production), Carmelita Cabiles (barbeque vendor), Milagros Villiones (sari-sari store), Teresita Lepiten (piggery and meal vendor), Maricor Bastida (direct selling); Rolando Tampico (bed making and sari-sari store), Virginia Escaros (meat vendor), Nora dela Cruz (sari-sari store), Rosalinda Silao (RTW and meat vendor), Dionisio Fajardo (bangus vending) and Divina Erato (ice cream dealer).

The President noted that since its inception in 2001 as part of the anti-poverty law, the NLSF and PCFC have released P80 billion to microfinance institutions while P100 billion has been released to SMEs under the Sulong program which was started in 2004.

"That (amount) has supported 1.71 million jobs of which half a million are new jobs," she said. (OPS) [top]

  prev  next  »|
DAILY NEWS LIST:
»Backgrounder on 4th BIMP-EAGA Summit on 19 November 2007 in Singapore
»Multinationals belonging to ABIS group to put up businesses in RP
»PGMA, 3 other ASEAN leaders reaffirm MOU on expansion of air linkages
»PGMA orders release of P100-M for cheap rice during holiday season
»PGMA extends another support to micro-finance, SMEs
»LGUs can help combat air pollution – DILG
  prev  next  »|

Philippine Official Gazette | Office of the President | Presidential Communications Operations Office
For comments and feedback, please email PIA Newsdesk
Copyright © 2005 Philippine Information Agency
PIA Building, Visayas Avenue, Diliman, Quezon City 1101 Philippines