On December 9, 2009, President Gloria Macapagal Arroyo awarded a P50,000 check to Isabelita Mateo of Hagonoy, Bulacan which marked the P150 billionth loan to microfinance entrepreneurs in her term.
PGMA marks P150-B microfinance milestone
On December 9, the microfinance program of the Arroyo administration reached its P150 billion milestone, with the distribution of checks totaling P1 million to Central Luzon micro entrepreneurs.
President Gloria Macapagal-Arroyo led the distribution of checks to ten microfinance beneficiaries who will use the capital to put up and expand livelihood businesses like farming, convenience store, bakery, and hog raising.
Gloria Iral, Teresita Mercado, Elsie Gongon, Romolito Iral, and Alberto Cristobal received P150,000 each, while Yolanda Lopez, Clarissa Diego, Ruby Garcia, and Geraldine Alberto were each awarded P50,000.
Completing the P150 billion figure was the P50,000 check awarded to Isabelita Mateo of Hagonoy, Bulacan.
With its theme “Tagumpay sa Kahirapan,” the milestone event, that served as the Christmas gathering of some 2,000 microfinance beneficiaries from the province of Bulacan, Pampanga, Nueva Ecija and Tarlac, was held at the Pulilan Central School Gymnasium.
Beneficiaries from the Alalay sa Kaunlaran Inc. (ASKI), Ligas Cooperative, Cooperative Bank of Pampanga, Cooperative Bank of Tarlac, and the Cooperative Rural Bank of Bulacan and Pulilan Central School teachers welcomed President Arroyo as their guest of honor.
To mark the occasion, the President formally introduced Isabelita Mateo to Jenalyn Bermudez, an established micro-entrepreneur, who told Mateo that hard work and perseverance are important in setting up a business.
Bermudez thanked the President for her support to micro-entrepreneurs.
According to a report from the Department of Trade and Industry (DTI), some 277,000 micro, small, and medium enterprises were given financial assistance, and has, in turn, generated 2.9 million jobs.
For her part, Mateo told the President that with her funding, she would work hard to keep her business running and, just like Bermudez, would expand in the future.
Joining the President for the occasion were DTI Secretary Peter Favila, Bulacan Gov. Joselito Mendoza, Bulacan 2nd District Rep. Marivic Alvarado, Pulilan Mayor Vicente Esguerra, BUTIL partylist Rep. Leonila Chavez, National Livelihood Development Corp. President Gondelina Amata, and Cooperative Bank of Bulacan chief operating officer Nestor Custodio. – PND
“Malaki ang pasasalamat ko sa ating mahal na Pangulong Gloria Macapagal Arroyo dahil sa binigay niyang malaking puhunan sa pangkabuhayan ng aming barangay. Sana sa darating naadministrasyon ay ganun pa din ang maranasan namin.”
Isabelita Mateo
Beneficiary of a Microfinance loan
Categorized as Milestones
shall I’ll be eligible for micro business loans as I have vegetarian restaurant needed a additional capital of 150,000.00 payable for 2 years?
thanks & God bless
Madam, saludo po ako sayo. napakagandang oportunidad po na malaman at mabasa ko ang inyong kaloob na tulong sa nag uumpisa na mag pondar ng sariling negosyo.
Ako po ay isang police at nais ko po sanang humingi ng tulong upang maka avail sa iyong programa sa pagbigay ng microfinance loan para matustusan ko ang munting backyard fishpond/fishnet na aking naumpisan na pero di pa matapos tapos dahil sa kakulangan ng pondo.
Madam, sana matulungan nyo po ako na mabigyan sapat na puhunan para mapalago ang tilapia culture at crab fattening sa likod ng aming lugar. At plano ko po na kapag lumago ang negosyo ko ay matulungan ang aking mga kapitbahay na mahikayat mag pondar din ng ganitong negosyo at gawin kooperatiba dahil ito lang po ang means of livelihood sa lugar namin.
Maraming Salamat po.
PO2 Randy T. Obo
Catanduanes Police Provincial Office
Virac, Catanduanes
Ang ganda naman po ng microfinance
talaga pong matutulungan ang isang
beginner sa pag nenegosyo na ang kapital ay kaunti lamang. More power po.
Gaya ko po nais ko din po mapasama sa microfinance loan. Paano po ba?
Marami pong salamat.
Gng. Antonina Evardome
Bagong Barrio , Caloocan City