SB CORP ROLLS OUT REHAB PROGRAM FOR MSMES IN SIARGAO AFFECTED BY TYPHOON ODETTE

Small Business Corporation (SB Corp.), the financing arm of the Department of Trade and Industry (DTI), will be providing an Enterprise Rehabilitation Financing (ERF) support to micro, small and medium enterprises (MSMEs) that were adversely affected by Typhoon Odette in a form of low interest and collateral-free loans.

The forum about the ERF was conducted on Monday, February 8, in the municipality of Dapa spearheaded by Executive Vice President and Chief Operations Officer (COO) Santiago Lim, SB Corp ERF Team, and DTI Surigao del Norte provincial office, with the president and officers of Siargao Chamber of Commerce and Industry, Chamber of Commerce and Industry and General Luna municipal mayor Cecilia Rusillon in attendance.

During his message, Lim emphasized that the said program will be available to existing and new borrowers as well as MSMEs under the tourism industry. Caroline Macabenta, OIC Mindanao Group Head of SB Corp, on the program overview said that MSMEs may borrow up to Php800,000 for existing borrowers and Php300,000 for new borrowers.

For tourism MSMEs, total loan shall not exceed Php5 million per borrower, inclusive of existing loan. Loan term will be payable in 3-5 years. The interest rate shall be at 6% per annum for existing and new borrowers while for tourism MSMEs, it will be at 4-8% based on existing Bayanihan CARES (Covid-19 Assistance to Restart Enterprises) service fee structure depending on the loan term. (DTI-Surigao del Norte/PIA-Surigao del Norte)

Siargao school feeding program receive aid from

private org Foundation extended it for another month, provided that our implementation will go well),” Jabines said. “We are thankful to have been granted this assistance. We will make all our transactions transparent and set our implementation properly because this is the only way we can make them satisfied,” she added. The Skokiaan Foundation has allocated PHP222,300 budget for the month of February, and the next fund transfer will be in the following months. On the other hand, Lomocso said she will write a letter addressed to Skokiaan Foundation to convey her gratitude for having such a generous initiative, which is instrumental for the department’s rebuilding efforts. (Edgar R. Gorgonio, Jr./DepEdSiargao/PIA-Surigao del Norte)

Basic education schools in General Luna town, province of Surigao del Norte have begun distributing their feeding supplies from the Skokiaan Foundation from Germany.

The Dao Primary School and Magsaysay Elementary School I, has initially distributed Saturday, February 5, the feeding supplies to their 110 learners and 10 teaching staff courtesy of the said foreign foundation.

The implementation of their feeding program will also now be made three months instead of two, schools’ cluster head Meriam Jabines shared with DepEdSiargao schools division superintendent Dr. Nelia S. Lomocso, who facilitated the distribution with select personnel.

“Duha ka buyan ra man actually an amo tagbutang sa proposal, but luckily tagdugangan nan isa pa ka buyan nan Skokiaan Foundation provided na madajaw an amo implementation (We only indicated two months in our proposal but luckily, the Skokiaan