SOCSARGEN Peace Network invited CEMCDO through LGU of
General Santos City to orient vendors/small and informal businesses in the city
at SOCSARGEN Peace Network Office on February 11, 2013 Here’s the highlight of the orientation:
FUNDING
A. Individual
Application
1. Qualifications
a. No
existing loan from FRAME or other LGU-led agency
b. With
existing business
c. With
Business Permit or Barangay Business Clearance
d. Permanent
Residence of General Santos City
e. No
pending criminal case
f.
Attendance to Orientation
2. Allowable
Loan
a. Less
than P10k- payable in 6 months
b. P10k
to P50k – payable in 12 months
3. Interest
Rate
a. 5%
per annum
4. Business
Plan
5. Payment
scheme depends on the business cycle—weekly, bimonthly, monthly
6. Co-maker
B. Priority
Development Assistance Fund
1. By
group of not less than 10 (informal)
2. Endorsement
by the Congressional office
3. Maximum
of P 50,000 per group
4. Starting
Business or expansion
5. Business
Plan
Kag.
Beth Bagonoc of LGU Gensan also assisted the orientation with Fr. Angelo Buenavides
of SOCSARGEN Peace Network.
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Documented by Ma. Luz V. Go /Photos by Dasoy
