P1.5M funds for entrep and livelihood development of MSMEs in Sorsogon

Official seal of Sorsogon

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by Irma A. Guhit

SORSOGON CITY, July 12 (PIA) — Some P1.5 million fund was released through the office of Rep. Diogracias Ramos of the second congressional district in Sorsogon to support the entrepreneurship and livelihood development of the Micro, Small and Medium Enterprises (MSMEs) in nine municipalities in the district, according to the Department of Trade and Industry (DTI) provincial office here.

Senen C. Malaya, DTI Sorsogon information officer., said Cong. Ramos has earmarked the amount to fund the revitalization of the handicraft industry, food processing and strengthen the production capacity of MSMEs in nine municipalities covered by the second district to eventually propel economic activities in rural communities.

Dubbed as “Development Initiative in Building Resourced-based Enterprise” (DBR), the congressional allocation is geared towards the strengthening of the MSMEs in the congressional district, according to Malaya.

Malaya said that Cong. Ramos is hopeful that this project, with the technical assistance of DTI Sorsogon, will upgrade the production and entrepreneurial competencies of MSMES, provide them tools, equipments and machines needed for their production.

Cong. Ramos, in his dialogue with DTI regional and provincial personnel, stated that the fund allocation should also shoulder costs to introduce latest designs and trends for craft producers, improve their packaging and labeling of products to be sold, improve product shelf life as in processed foods to enhance its marketability and enable the micro, small and medium enterprise to participate in trade exhibits and other marketing, explained Malaya.

Malaya said that Cong. Ramos in his stint as municipal mayor of Gubat has seen a lot of raw materials, discovered in the different municipalities in the second district that can be made into different kinds of viable products.

Cong. Ramos believed that MSMEs need only capitalization that is why his office provided the financial intervention and lead agencies for MSMEs development should be assisted by DTI.

Malaya said that the dialogue among Cong. Ramos, DTI Sorsogon chief Leah Pagao, and DTI V director Jocelyn Blanco, has sealed interoperability on crafting the plans on how this allocation should assist the local governments in terms of enterprise and livelihood development was clearly spelled out so that return of investment should be generated as a way to improve the quality of life of his constituency.

Malaya said that they have now conducted an interfacing with the chief executives of the municipalities of Bulan, Sta Magdalena, Matnog, Irosin, Bulusan, Barcelona, Prieto Diaz, Juban and Gubat, together with representatives coming from various MSMEs.

Some 115 participants from the different fields of MSMEs like those involved in food, crafts,furniture industry, and point persons in the 2nd district of the One Town One Product (OTOP) were present.
Discussion on the manner and process of on how the allocation will be and given was agreed upon by the LCEs following the guidelines provided to them .

Malaya said that with this dialog conducted they can now jumpstart the process on who and how to access the funds. (MAL/IAG, PIA Sorsogo)

Original article.

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