DTI 7 extends Diskwento Caravan to Argao; SBCorp offers loan programs for MSMEs
REDUCED PRICE. Residents of Argao, Cebu crowd the Diskwento Caravan booth of the Ministry of Commerce and Industry 7 where products such as RTW, school supplies, food, galvanized iron sheets and plywood are sold at discounted prices reduced. / DTI 7
TO SUPPORT consumers and traders in their recovery efforts, the Department of Trade and Industry (DTI) 7 brought its Diskwento caravan to the city of Argao, one of the areas hit by Typhoon Odette (Rai ) in December.
Partner merchants who joined the caravan were Cebu Home Builders, Dunkin Donuts, Unitop and Expressions.
Most of the products sold included ready-to-wear items, school supplies, food, galvanized iron sheets and plywood.
The local government of Argao has confirmed that most building materials have run out and consumers are grateful to have brought products closer to the city.
“The Diskwento Caravan ensures the supply of basic necessities at or below suggested retail prices,” said DTI 7 Director Ma Elena Arbon.
Meanwhile, in a separate event, DTI Cebu also carried out validation for micro, small and medium-sized enterprises (MSMEs) hit by the typhoon under its Pangkabuhayan sa Pagbangon at Ginhawa (PPG) program.
The PPG program is a livelihood seeding and entrepreneurship development program for micro-enterprises, with priority in areas affected by fires and other calamities, including health disasters such as epidemics, epidemics and pandemics such as Covid-19 and the recent typhoon.
Qualified beneficiaries will receive Negosyo kits worth 8,000 pesos comprising various items or goods that they will use to restore or improve their business.
During the show, the Small Business Corp. (SBCorp.) also introduced the Business Rehabilitation Finance Program, a specialized loan program for MSMEs affected by Typhoon Odette.
“The program is open to all MSMEs operating in areas declared to be in a state of calamity due to the typhoon,” said Francisco Buenavides, Group Director of SB Corp. Visayas.
Borrowers are further categorized as existing SBCorp. borrowers, new borrowers, and tourism MSMEs or tourism industry borrowers.
Buenavides said the maximum loanable amounts are 300,000 pesos for new borrowers, 800,000 pesos for existing borrowers and 5,000,000 pesos for tourism MSMEs with low interest rates and minimum requirements.