Mon, 24 Feb 2020

DOST assists more Kalinga MSMEs

Philippine Information Agency
23 Jan 2020, 18:38 GMT+10

CITY OF TABUK, Kalinga, Jan. 23 (PIA) -- The Department of Science and Technology (DOST) has assisted recently six micro, small and medium enterprises (MSMEs) with total project cost of P6, 977,358.

Ralf Sapi-il of DOST-Kalinga said P4, 744,500 was provided to MV Arts & Signs in San Juan, Tabuk City for its continuing improvement and Shama Hardware in Bulanao, this city, for its upgrading. Both are Small Enterprise Technology Upgrading Program (SETUP) beneficiaries.

The amount of P2, 232, 858 under grant-in-aid to was distributed to four cooperators. Bulanao Multi-purpose Cooperative received P493, 989; Tinglayan Coffee Growers Association -P417, 673; Pasil Gimpong Organization -P661, 100, and Lin-awa Rehabilitation & Development Center -P660, 095.

The assistance is intended for equipment acquisition to improve product quality and productivity and increase their market competitiveness.

Miguel Vargas, owner of MV Arts & Signs, who is borrowing for the second time, acknowledged how his business has boomed through the program. He assured to pay the loan on time and called on other beneficiaries to do the same so that more small enterprise will be assisted under the program.

Sapi-il said the province is allotted P8.070M for the program this year, but clarified they can ask for additional fund if more borrowers qualify. In 2019, DOST released P10.7M to the province. (JDP/LL-PIA CAR, Kalinga)

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