The city government has still more than P1 million for ready assistance to cooperatives and micro-entrepreneurs as it prefers new clients to avail of the financial aid.
DAVAO CITY—
Donna España, supervising cooperative development specialist of DCCDO’s Planning Monitoring and Evaluation Unit, said the office would focus on new clients “while still catering to all beneficiaries of the office’s programs and projects.” Of the 400 active cooperatives in Davao City, 264 have been assisted by the DCCDO as of the second quarter of this year. These cooperatives were given various education and skills training. Aside from capacity-building activities, the office also granted loan assistance to small and micro cooperatives and individual entrepreneurs.
Twenty-six small and micro-entrepreneurs were awarded capital assistance under the DCCDO’s Start-Up Capital Assistance program during the same period. Under this grant, entrant small businesses may avail of the start-up capital loan assistance amounting from P10,000 to P20,000 payable within a year at zero interest while operating businesses may avail of the working capital loan assistance ranging from P30,000 to P50,000 payable within three years with no interest.
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