DTI opens loans for Ifugao entrepreneurs

LAMUT, Ifugao -- The provincial Dept. of Trade and Industry urged micro and small enterprises (MSEs) affected by government quarantine measures to avail of the  agency’s enterprise rehabilitation financing (ERF) facility.

Renato Alfonso of DTI-Ifugao said over DWPH 105.3 Lamut FM station DTI has set up a P1-billion ERF for MSEs to support MSEs affected by quarantine. 

“This is under the Pondo sa Pagbabago at Pag-asenso (COVID19 P3-ERF) that will be implemented once the Luzon lockdown is lifted by the national government or respective local government units,” Alfonso said.

The COVID19 P3-ERF is open to micro and small enterprises with “at least one year continuous operation prior to March 2020, and whose businesses suffered drastic reduction in sales during the ensuing epidemic.”

Micro enterprises with an asset size of not more than P3 million may borrow P10, 000 up to P200, 000. 

Small enterprises with an asset size of not more than P10 million may borrow a higher loan amount but will not exceed P500, 000.

Alfonso urged interested MSEs to visit DTI office and Negosyo Centers or call/text the hotline 0917-802-9333 for details or eligibility requirements. -- JDP/MBL-PIA CAR, Ifugao