Maging P3 microfinance institution partner. Bumisita o makipag-ugnayan sa pinakamalapit na tanggapan ng SB Corp o DTI Negosyo Center sa inyong lugar.

(02) 751-1888 NCR/South Luzon(074) 427-7647 North Luzon(045) 455-2897 Central Luzon(032) 232-1200 Visayas(082) 221-0858 Mindanao

www.sbgfc.org.ph

Ang Small Business Corporation ng Department of Trade and Industry ay nagpapasalamat sa 267 na kooperatiba at micro finance institutions na katuwang sa paghahatid ng P3 loans sa mahigit 58,000 microenterprises sa 77 lalawigan sa buong Pilipinas.

NATIONAL MICROFINANCE INSTITUTION PARTNERSRadiowealth Finance Company Inc.MASS SPECTaytay sa Kauswagan, Inc. (TSKI)Cebuana Lhuillier Finance Company

LOCAL MICROFINANCE INSTITUTIONS PARTNERS National Capital RegionAll Farm FinanceArranque Stall Holder Development Cooperative Barangka Credit Cooperative Insol Development Foundation Inc. Kapandesal MPC Metro Alabang Finance and Loans CorporationMetropolitan Development CooperativeNorthville II MPCSt. Joseph Financing CorporationSta. Lucia MPCWestern Bicutan Stall Holders and Vendors MPCBaclaran Vendors Development Cooperative

Cordillera Administrative RegionAbraAbra Vegetable Seed Growers Development Cooperative BenguetCordillera Community and Family Assistance for Progress Inc. ENBC Lending Investors Inc. Benguet State University MPCRangtay sa Pagrang-ay, Inc.IfugaoAlfonso Lista MPCIfugao Global Entrepreneurs MPCKiangan Community Multipurpose & Development CooperativeLagawe MPCMountain ProvinceTreasure Link Cooperative Society KalingaBibak MPCSt. Tomas Credit Cooperative

Region 1Ilocos NorteGovernment of Laoag Employees Dev’t CoopSan Joaquin Multi-Purpose CooperativeIlocos SurSacred Heart Savings CooperativeSta. Cruz Savings and Development Cooperative La UnionBagulin MPCRang-Ay Bank (A Rural Bank), Inc.PangasinanIntegrated Small Fishpond Owners and Lessees MPCLambayan MPCSt. Paschal Baylon MPCWomen’s unity for Progress and Farmers MPC

Region 2CagayanMasisit-Dacal Livelihood CooperativeMabuhay Agri-Crop MPC IsabelaAlicia Local Government Employees CooperativeBinnayan Igorot Credit CooperativeCauayan Government Employees MPCEpiscopal Diocese of Santiago CooperativeOur Lady of La Salette MPCProviders MPCFirst Isabela Cooperative Bank Inc.Nueva ViscayaGreeners MPCKasibu Farmers Development CooperativeMalabing Valley MPCSt. Joseph Parish MPC - BelanceSta Fe Credit Cooperative QuirinoDiffun Saranay and Development Cooperative Maddela Integrated Farmers Savings Development Cooperative

Region 3AuroraMaria Aurora Development Cooperative Aurora MPCSt. Francis Development Cooperative Debucao Farmers ARB Cooperative Tulong-Agabay Pangkabuhayan Credit Cooperative Glory to God MPCZoe Life Provident Lending Corporation

CamSur MPC Kooperatiba Para sa Kaunlaran ng LagonoyPili Market Development CooperativeSorsogonGubat St. Anthony CooperativeIrosin Market Vendors and Farmers Development Cooperative People’s Alternative Livelihood Foundation of Sorsogon, Inc.Salvacion Farmers DevelopmentCatanduanesPinoy Lingap Damayan MPCMasbateBaleno Christian Masagana MPCMasbate MPCRural Bank of Jacinto (Masbate), Inc.

Region 6AklanIntegrated Baranggays of Numancia MPCLezo MPCLibacao Development CooperativeMadalag Teachers’ MPCAntiqueFamily Lifers MPCHamtic MPCPandan MPCCapizPontevedra Peoples MPCProgressive Women and Agrarian Reform CooperativeIloiloCatmon MPCKooperatiba Nation MPCLeganes Community Development Program MPCPinili Development Cooperative San Julian MPCWestern Visayas Parole and Probation Administration CooperativeNegros OccidentalPag-inupdanay, Inc.

Region 7BoholBagtic Masagan MPCBohol Community MPCCarmen Samahang Nayon MPCCommunity Economic Ventures, Inc. - Bohol FCB Foundation, Inc. CebuCamotes MPCCebu People’s MPCCompostela Market Vendors MPCCoolway MPCFirst Consolidated Cooperative Gabay sa Kalamboan Microfinance CooperativeMandaue City Public Market Vendors MPCRafi Microfinance, Inc.SiquijorSta. Barbara Katilingbanong Credit Cooperative Catulayan Community MPCNegros OrientalBasay Agroforestry Farmers Producers CooperativeBayawan Community CoopBonbonon Farmers MPCSamac United Farmers for Agrarian Reform Coop

Region 8BiliranSamahang Pangkabuhayan ng Riverside MPCAlmeria Seafarers MPCWestern SamarMetro Calbayog Talutang MPCSamar MPCRural Bank of Calbayog City, Inc. Eastern SamarLanang MPC Salcedo MPCNorthern SamarFundacion Grameen Pilipinas Inc.. LeyteLibercon MPC Omaganhan Farmers Agrarian Reform CooperativeFatima MPCTalisay Primary MPCZaragosa Agrarian Reform CooperativeSouthern LeyteIntegrated Provincial Health Office Employees MPCLibagon Area MPCPinoy Credit Cooperative Region 9Zamboanga del NorteKatipunan Bank, Inc. (A Rural Bank)People’s Officials, Employees and Community MPC

Pondo sa Pagbabago at Pag-asenso

Sandigan Facoma-Community MPC Zamboanga del SurBulawan Savings and Credit CooperativeDanlugan Farmers MPCLabangan Farmers First Consolidated MPCWomen/Widow Apostolate of Pagadian City MPCMolave MPCZamboanga SibugayGoodyear Agrarian Reform MPCIpil Market Vendors MPCSibuguey Valley MPC

Region 10BukidnonBukidnon Pharmaceutical MPC Maramag Community MPCNorthern Mindanao Integrated Agricultural Research Center (NOMIARC) MPCQuezon Community MPCSta. Monica of Pangantucan MPCCamiguinCamiguin DENR Employees MPC Misamis OccidentalLorenzo Tan MPC Misamis OrientalKabangasan-Mapua-Dahilig ARC CooperativeServus MPC

Region 11Davao del SurBankerohan Vendors Credit Cooperative King MPCNabunturan Agrarian Reform Community Integrated CooperativeTugbok Progressive Coconut Farmers MPCUSPD Savings and Credit CooperativeMalita Rural Workers Workers Agrarian Beneficiaries MPCDavao del NorteDujali Free Farmers MPCKapalong Market Vendors Cooperative/Kapalong Market Vendors MPCNew Corella CooperativePanabo MPC Davao OrientalDavao Oriental Health Personnel MPC Davao Oriental Market MPCCompostela ValleyCallawan Farmers MPCDavao de Oro Credit CooperativeLaak MPCNabunturan Farmers MPCPantakan Chess Club CooperativeTagugpo Human Resource MPCMaragusan Growers MPC

Region 12North CotabatoAntipas Vendors MPCCooperative Bank of CotabatoMediatrix MPCCOTELCO Employees and Retirees Household MPCMakilala MPCSouth CotabatoPolo Samahang Nayon MPCGSC Progressive MPCSarangganiSta Cruz MPCGlanzar Credit Cooperative Alabel Gov’t Employees and People MPCMalapatan MPC

Region 13Agusan del NorteBaug Carp Beneficiaries MPCDTI Regional Employees & Associates DAR Employees MPCAgusan del SurAgusan del Sur Employees and Community Credit CooperativeBayugan Achievers MPCPERA MPCTriple Diamon Finance Corp.Zillovia Women’s MPCSurigao del NorteSocorro Empowered People’s CooperativeTanariz Fisherman MPCSurigao del SurSCI MPC

ARMMSultan KudaratSRT Tacurong City Cooperative of Sultan KudaratSuluDenraceae MPC

featuresmonDAY l november 26, 2018

THe PHILIPPIne STAr 01

BataanAbucay MPCCapitol Employees of Bataan MPCLimay MPCLimay Agri-Business MPCBulacanCatholic Servants of Christ Community MPCLigas Kooperatiba ng Bayan sa Pagpapa-unlad Sacred Heart Credit and Development CooperativeNueva EcijaAllies Credit CooperativeFund Link Credit and LoansKasapi Microfinance and Rural Development IncLFCI-KPP Kasanib sa Pag-abot ng Pangarap Inc. Pampanga5K MPCGolden Group Gabay Puhunan MPCTarlacMoncada Women’s Credit Cooperative

Region 4-ABatangasBanapra Development CooperativeSalaban II Women’s MPCSan Jose Workers MPCSt. Raphael Archangel MPCTuy and Community MPCCaviteCarmona MPCCaviteno Isabelino Agriculture CooperativeQuezonGumaca MSK MPCYakap at Halik MPC 1 & 2LagunaJacob’s Well Microfinancing Corporation Majayjay Transport Service and MPCSentrong Ugnayan ng Mamamayang Pilipino MPCRizalDarangan Water Service Development CooperativeMidtown Village MPCSustainable Community Microfinance CorpTresp MPC

Region 4-BRomblonArya Coconut Farmers MPCLongon Camili Agrarian Reform CoopMarinduqueTanikala ng Pagkakaisa MPCPalawanLapu-lapu Poblacion MPCNarra Irrigators and Advocates MPCPalawan Peoples’ Credit CooperativeRoxas Palawan Municipal Government Employees MPCOriental MindoroCalapan Labor Service Development Cooperative (CALSEDECO)Roxas Market MPCSampaca Credit CooperativeOccidental MindoroLourdes MPC Samahang Magkakapatiran Para sa Kaunlaran MPC San Miguel MPCCalumpit MPC Malawaan Matabiaga MPCNew San Vicente Farmers MPCSto Niño Farmers MPC Advent Livelihood Movement and Services (ALMS) MPC Salvacion United Farmers MPCTuban Blessed Farmers MPCFamily Arrange the Resources and Managed MPCKabalikat ng Pamayanan na Nagnanais Tumulong at Yumaman MPCMindoro Progressive MPCSamahang Gumagawa Tungong Tagumpay MPC San Carlos MPCSta. Lucia Sablayan MPCPinatubo MPCSablayan Market Vendors MPC

Region 5AlbayEntrepreneurs Alumni Development CooperativeJMH Microfinance, Inc.Rural Bank of Guinobatan, Inc.Simbag sa Pag-asenso, Inc.Camarines NorteBasud Development CooperativeBicolanos Credit CooperativeTalisayon MPCCamarines Norte Development CooperativeCamarines SurCamaligan Credit Cooperative

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C2 C3monDAY | november 26, 2017 monDAY | november 26, 2018

FROM EdUCATOR TO ENTREPRENEUR

ERLINDA CAINgFeel @ Home MarketingTacloban Public Market

Erlinda Caing is a widow and a mother of four; she has two sons and two daughters. She is a Civil Engineer by profession and has a Master’s degree in Management from the University of the Philippines- Visayas Tacloban College (UPVTC). She spent her younger years as a professor at the Divine Word University – Tacloban from 1980 until the university ceased its operation in 1995. Two years after DWU’s closure, she joined the teaching force in UPVTC for five years from 1997-2002. Because there was no vacant plantilla position for a professor in the said university that time, she decided to go out and do other stuff.

With sheer courage and determination, she ventured into a world unfamiliar to her – business, specifically egg trading. She supplied eggs to retailers at Tacloban Public Market as well as nearby barangays in the city. One of her major customers was the previous occupant of the stall at the Tacloban Public Market, which she occupies right now.

It so happened that the obligation of her customer ballooned to P150,000.00 which the latter found difficult to pay. As a way of settlement, the right to occupy the market stall was offered to her, as payment for the said obligation. She then applied with the Office of the Market Superintendent for name transfer, and the stall was eventually awarded to her. She shared that it was not an easy transformation from a professor to egg peddler and eventually wholesaler. Egg was her only product before. But when she started selling at the stall of her former customer, she was approached by an agent of Nestle and was offered their so-called “hanger incentive”. This means that Nestle would consign their products to Erlinda. Her duty was to display Nestle products in a conspicous place for public vissibility.

Then came Unilever which offered the same incentive followed by P&G. Later, Pepsi Cola provided her a refrigerator with the condition to sell Pepsi products exclusively. Because of these, she ran the business without the need of so much capital as there was no need to purchase the products on cash basis. With stable income from the business, she was able to send her four children to college.

Things were going well with their family until Super Typhoon Yolanda battered a large part of Eastern Visayas in November 2013. In the aftermath of the typhoon, all of her inventories were looted; in a matter of hours her business vanished. A month after Typhoon Yolanda when commerce was slowly starting to rise from the onslaught of the calamity, she withdrew her savings from a coop in Tacloban and started doing business again, little by little.

She initially started selling soft drinks. She recalled, her children would go to the Pepsi Cola plant in Tanauan, Leyte to purchase soft drinks on cash basis using their

motorcycle with side car, which can only carry a maximum of 20 cases. Even Pepsi Cola lacked delivery trucks that time as they were likewsie affected by the typhoon. A few months later, when the recovery efforts started, suppliers of different products came in. The problem however, was, all the suppliers would not consign their products anymore, unlike before. All of the items were sold on cash basis. This sent most of the entrepreneurs scrambling for cash including Erlinda Caing, and the most logical solution at that time was to approach the “Bombay” and other local 5/6 operators.

In 2016, amidst the adversities and financial struggles, she and her family rejoiced when his son passed the Bar Examinations. All her pains and struggles were compensated.

In 2017, when the P3 program was launched at Tacloban Public Market, she applied for a loan and was approved on the second batch of releases. She admitted that she still had an outstanding balance with a 5/6 lender when her second P3 loan was approved. On her third loan, however, she finally stopped availing from 5/6. Because of the minimal interest under P3, she now has a higher income. In fact, she now sells a variety of products. She is no longer worried of running out of stocks because she now has a stand-by capital to pay her suppliers. She shares that P3 has greatly changed her business and helped her recover from the calamity.

FROM KARgAdOR TO MICRO ENTREPRENEUR

JANILO TORREfIELJohnny’s Store

Tacloban Public MarketJanilo Torrefiel is originally from Davao City. He

got separated from his wife in Davao whom he had two children. He went to Tacloban City in year 1997 to seek employment. Fortunately, he found one at the Tacloban public market. His employer was one of the biggest vegetable suppliers in Region 8, who hails from Pangasinan. He started as a kargador using a kariton to load and unload the products from the truck and to deliver them to customers. Later, he was assigned as a delivery truck helper by his employer and joined the trucking service team.

They would travel from Tacloban City to Davao, Cagayan De Oro City or Baguio City, the usual source of vegetables. He would earn P1,500 pesos per travel. They had an average of three travels per month. Because of his perseverance and honesty towards work, he was entrusted by his employer to manage the business in Tacloban. He also found his second wife in the city. In the year 2004, using his P 70,000 pesos savings, Janilo decided to have his own business. He asked permission from his employer and was permitted to. He first ventured into vegetable vending as an ambulant vendor in the market from 2004- 2006. Unluckily, the business went

bankrupt. He then returned to his employer and worked again from 2006 until 2010.

When he got a savings of one hundred thousand (100,000), he applied for a stall at the city market office and was fortunately granted one. Luck turned to his favor this time around, his income was good.

From his income, he was able to acquire a delivery truck with a capacity of ten tons. With his experience in vegetable trading, he tried his luck as a vegetable wholesaler. In the 2013, when Super Typhoon Yolanda devastated the region, he went broke and has to start from scratch. He struggled sourcing for capital in order to start operating his business after the calamity.

He had no choice but to approach a 5/6 lender. From then on, he relied on the 5/6 lender for his working capital. He availed of a loan of P100,000 payable in just 120 days with an amortization of 1,000 a day. Every time he got fully paid, he kept re-availing. Early in 2017, he heard about the Pondo sa Pagbabago at Pag-asenso (P3) Program and applied for a loan and was approved with his 1st loan for 30,000, 2nd loan- 70,000, 3rd loan- 100,000, 4th loan- 100,000 and 5th loan for 150,000. Using the amount of money from his P3 loan, he got his truck which was damaged during ST Yolanda, fixed. This helped him buy his vegetables directly from the traditional sources of vegetables. And because of the P3 program, he ended his long time patronage of high cost financing which resulted to a higher income. Aside from vegetable vending, he now offers for sale other products like soft drinks, plastic materials and other basic commodities. According to him, P3 helped him turn around his business.

A MOThER’S SACRIFICECORAZON SULLANO

Corazon Sullano Meat StandTacloban Public Market

Corazon Sullano’s stall at the Meat Section of Tacloban City Public Market originally belonged to his father, Sofronio, a seasoned “matadero” in Tacloban. When the latter died in November 2002, Corazon’s brothers and sisters begged her not to sell the stall but operate it instead. They were emotionally attached to it as it was the source of income which sustained the whole family and sent them to school. Being the eldest, Corazon gave in to her siblings’ request. She had to start from scratch, though, as they were never trained by their father in meat shop operation.

When she started, she was the only woman “matadero” in the market. Five years after she operated the meat shop, she went bankrupt. The P70,000.00 her husband invested in the business was gone. This was part of the savings of her husband, who was a 3rd Engineer in a foreign registered ship, before he met an accident in February 2002. Several factors contributed to her failure, such as her inability to maintain the freshness of her product, her

inability to collect from customers who would buy on credit was the nail to the coffin so to speak, that sealed her failure.

Undaunted, she reopened in mid 2008, but on an “on-and-off” basis. In 2010, her husband again gave her P40,000.00 as additional capital, from an insurance proceeds. Unfortunately, she went bankrupt again in 2013. During these years, she augmented her dwindling working capital by borrowing from 5/6 operators in the city. Interest was at 20% per month, payable in 2 months. She recalled having borrowed P100,000.00 from “5/6” 5 times. During this period she was the bread winner, supporting five (5) children who were studying in Cebu, as her husband was no longer able to return to his overseas job after the accident.

Despite all the hardships, Corazon persevered. Her love for her children kept her going and encouraged her not to give up. She never questioned God for her suffferings. . As if everything was not enough, Super typhoon Yolanda struck Tacloban City on November 08, 2013. They lost their house and their belongings but were lucky enough to have survived. Life isn’t all that bad however, for when the rehabilitation work started, Corazon and her family were one of the first families to be given a permanent shelter at the relocation site for Yolanda survivors.

The year after Yolanda, she was back at the market again. In 2016 and the early part of 2017, Corazon went around microfinance institutions, to try to access financing. She would always fail in the CI, however, as her neighboring stall holders would always tell the credit investigator not to lend to her as she was in dire financial condition.

In March 2017, she heard about the P3 program which was being implemented at the Tacloban City Public Market by SB Corp and DTI. She tried applying and was granted a P40,000.00 loan on April 25, 2017. She then registered her business with the BIR, so she could issue official receipts. When her 1st loan was fully paid, she re-applied and was granted P80,000.00 as her 2nd loan. Today, she is amortizing her 4th loan in the amount of P100,000.00. After several failures, Corazon finally learned the ropes of the business. And with the timely arrival of the P3 program, her dependence on usurers has ended. Her sales has likewise drastically improved as institutional clients such as restaurants and caterers prefer buying from her because hers is the only stall at the meat section who issues official receipts. Corazon has always believed that in God’s time everything would just fall in order and make life better for her and her children.

“Salamat po sa Pangulong Duterte at sa Programa nyang P3. Ito po ang tunay na programang dapat na mapalago at mapag-ibayo para mas marami pang maliliit na negosyante na tulad ko ang guminhawa ang buhay.”

INvEST, INvEST TO SUCCESSBABELyN MANgARON NEBREJA

Babes Meat StandAlabel, Sarangani Public Market

It was in the year 2014 when Babelyn Nebreja decided

to venture in the meat business. It started as a backyard hobby of raising swine which she sells in the neighbourhood at a lesser price compared in the public market until she decided to formalize her business in 2015, and lease a stall in the public market.

During the marketing staged of P3 pilot she immediately applied for loan for the Pondo sa Pagbabago at Pag-asenso (P3) program.

“Sa totoo lang, di ako yung tipong umuutang sa lending dahil takot ako na baka hindi ako makabayad lalo na pagdating sa interest, pero dahil sa P3 nabago ang pananaw ko at nabago na din pananaw ko sa negosyo.’’ Nebreja said.

She emphasized that the P3 program helped her a lot in providing her enough capital for her business. With the low interest rate and ease of application requirements she was able to renew her loan in five cycles with an over all worth of 310,000.00.

Due to the added capital, she was also able to put up a carenderia business where she put her skills in cooking into good use. She opened her second business in August of 2018 at the Alabel Public Market Food Court.

“Sa P3 may dagdag capital ka na may patutunguhan pa negosyo mo, kaya maraming salamat P3. Sana magtagal pa ang ganitong programa para di lang kami ang matulungan pati na rin kapwa ko negosyante.” Babes said.

“Natuto po akong sumugal sa negosyo, maniwala sa aking kakayanan at umasa sa maliwanag na kinabukasan. Salamat sa P3”.

P3 ANg ThE BESTREMEgIA L. SOLLANO

Doris & Dennis Meat StandAlabel, Sarangani Public Market

Sollano is a mother of three children and an entrepreneur managing a rice and grocery store.

Before she availed P3 loan, she relied on informal lenders.

She availed an amount of fifteen thousand pesos (P15,000) from the Small Business Corporation. One after another she kept on renewing reaching a total of P100,000.00. The money she used to purchase additional supplies and stocks and finally renovate her stall.

Sollano was very grateful for the P3 program from the government for its sincerity and truthfulness to help the micro enterprises. This P3 program helped her to be more responsible and accountable.

“Natutunan ko na sa negosyo dapat marunong kang mag-prioritize at maging disiplinado sa paghawak ng pera.”

Sollano also said that in business perseverance and endurance is the key to becoming successful, there will be times when sales are not so good, but whenever the sales are better it is important.

“Kahit na may utang pa ako sa ibang lending mas “pina-prioty ko and P3 kasi P3 ang the best’’. Sa ibang hindi pa naka-avail ng P3 dito na tayo bukod sa konti lang requiremenents – DTI, mayors permit, barangay clearance, at valid ID lang. Di ka na pinahirapan sigurado pa negosyo mo ay giginhawa.” Sollano said.

dO NOT PUT ALL YOUR FRUITS IN ONE BASKET

ELENA RECOPELACION ALLADAAllada’s Fruit Stand

Alabel, Sarangani Public Market

As the saying goes “Do not put all your eggs in one basket.” Only this time, its fruits over eggs.

Nanay Elena, a mother of three, has always struggled making ends meet with the meager income from her fruit retailing business. Before she was granted her own stall in the Public market, she used peddle her fruits in the market assisted by her daughters.

It was in the year 2016 when she felt the sharp blow of the poor economy when she observed how people would only opt to buy fruits only when they felt needed or when customers relatives are sick, it was a time when people of Alabel has a limited spending capacity because price in the market are soaring high. Almost every day she had to resort to selling pre packed meals to make up for the income lost from perished fruits in her display.

“Napakahirap po talaga noon, kasi mangutang ako ng P5,000 sa 5/6 wala pa matapos bayad in two months, bayaran ko pa interest, wala na ako matinda,” Nanay Elena said.

But everything changed in 2017, Nanay Elena was able to attend the launching program of Small Business Corporation and Department of Trade and Industry of the Pondo sa Pagbabago at Pag-asenso (P3) Program. After that she was inspired to attened trainings conducted by the Negosyo Centers.

She said that the symposium and seminars that she attended paved way for opportunities that enabled her to get back on track.

“Nung naka-loan po ako sa P3, P20,000, binili ko po ng portable tent pangsuroy ng prutas para dalawa outlet ko sa palengke at sa kalsada banda.” (When I loaned an amount of P20,000, I bought a portable tent so I can display fruits along the streets aside from the stall I have in the public market public market.)

“Before three months nakautang ako ulit kasi madali lang magbayad, at hindi ako nahihirapan kasi maliit lang ang interes.’’

Income from her stalls now pays the college education of my children. Today, she has three outlets in fruits and spices retailing and able to earn P5,000-10,000 a day.

“Sa P3 mas madali na akong makaipon. Hindi tulad ng dati matapos kong magbayad ng utang wala na natitira sa kita sa maghapon. Umaga, tanghali, gabi may ulam kami, sagana na po ito sa amin’’ .

Salamat po talaga sa Small Business Corporation at Department of Trade and Industry dahil nadala nyo po ang programang P3 ni President Rodrigo Duterte’ dito sa amin,” Nanay Elena concluded.

ALwAYS ThANKFUL TO P3DESIE SALAZAR

D. Zalazar Fruits and Vegetable StandSan Jose, Mindoro Public Market

Taking chances and infusing perseverance in work will eventually pay off. Desie Salazar did just the same and it paid dividends.

A vendor at a small store in San Jose Public Market in Occidental Mindoro, Desie started her business in November 2010 but due to budgetary constraints, she decided to take her chances and borrow money from informal 5/6 lending.

Despite the unbearable high interest of 20% a month, Desie willfully submitted to the demand and paid her dues just to keep the business floating.

“Wala akong sapat na puhunan noong panahon na

iyon kaya ako napilitang umutang sa bumbay [sic],” she explained.

Desie had to wait a few more grueling years of borrowing from 5/6 lending until she was introduced to a rural bank in 2013, where borrowers are charged at a much lower rate of 6%.

Borrowing only a measly P3,000, she was not content due to documentary requirements for a renewal.

“Nahirapan ako kasi marami pang proseso para lang makapag-renew. Maliit lang din ang pwedeng i-loan pag magre-renew,” she said.

The Pondo sa Pagbabago at Pag-asenso (P3) Program came to Desie’s rescue.

With luck on her side, Desie was chosen to be one of the first batch of borrowers for the pilot launching of the P3 program in Occidental Mindoro.

Desie was granted an initial loan of P5,000 and now she is on her seventh cycle of loan. She said she already had borrowed and paid two cycles of P100,000 loan.

“Malaki ang pasasalamat ko noong dumating sa amin ang programa ni Pangulong Duterte na P3 program,” said Desie.

She added, “Salamat po dahil napahiram ako ng ganito kalaking halaga ng walang kolateral. Ngayon, kahit dumami pa ang dalhin sa aking kalakal, kaya ko na itong bayaran. Sana marami pa ang matulungan ng programang ito.”

AIM hIghER, dREAM BIgJOSEPhINE NECESITO

Josephine Necisito Fish RetailingSan Jose Mindoro Public Market

Making ends meet for Josephine Necesito’s family has been a constant struggle. Putting three meals on their table is their only her wish.

Josephine, 47, is a fish vendor at the San Jose Public Market in Occidental Mindoro. She was allowed by her mother-in-law to use the stall and sell fish for their family’s upkeep.

However, the lack of “suki” or fixed buyers dimmed her hopes or making her dreams of expanding the business.

Josephine did not lose hope and instead worked hard to get fixed buyers. Her mother-in-law eventually gave her freehand to manage the store, considering it as a “gift”.

To continue its operation, she and her husband borrow money from informal lending such as 5/6 scheme.

“Nagkaroon kami ng mga suki na nagbabagsak sa amin ng paninda. Pero nahihirapan kami magbayad lalo na kung sabay-sabay sila naniningil,” she explained.

With the Pondo sa Pagbabago at Pag-asenso (P3), Josephine was able to initially borrow P50,000 from the program. She has availed five cycles of the loan.

Josephine is thankful of the program because the loans she borrowed are without collateral and at a low interest.

She said that what she earns from the business help her in their family’s daily needs.

“Salamat po at nagkaroon ng programang P3 para sa mga katulad naming maliliit na negosyante dahil malaking tulong po ito sa aming hanapbuhay,” she said.

“Lubos ang aking pasasalamat sa ating Pangulong Rodrigo Duterte at sa DTI at SB Corp na namamahala ng P3 kaya bilang kapalit, pinagbubuti ko ang aking paghuhulog,” Josephine added.

whEN LUCK IS SUddENLY ON YOUR SIdENELLy DIMATULAC

Nelly Dimatulac Meat RetailingSan Jose Mindoro Public Market

Nelly Dimatulac wasn’t prepared to meet luck when in 1994, she was given the opportunity to manage the business her boss gave to her.

Apparently busy managing other business, Nelly’s boss readily handed her a meat shop in San Jose Public Market, Occidental Mindoro.

The challenge now for Nelly was how to manage the business since it is her first time.

“Ibinigay sa akin yung pwesto sa palengke para ipagpatuloy ang negosyo at magbayad ng upa. Noong una, natakot ako dahil wala akong malaking puhunan,” Nelly recalled.

To keep the business going, Nelly turns to foreign informal lenders or locally known as 5/6 lenders despite its overpriced interest to add to her capital.

Little did she know that the capital she borrows from informal lenders is not of much help since her earnings go to her recollection payments.

“Minsan sa pangbayad lang sa 5-6 napupunta yung kita ko kaya mahirap,” she said.

She took it upon herself to keep the business going and to repay the trust of her former boss.

When the Pondo sa Pagbabago at Pag-asenso (P3) Program arrived in Occidental Mindoro for its pilot launching in 2017, Nelly was elated. She was able to borrow P30,000 to help her meat shop.

“Malaking tulong ito sa aming kabuhayan bukod sa malaking puhunan ang ipinagkatiwala sa amin sa napakaliit na interes,” Nelly offered.

Nelly is now on her sixth cycle of availing the P3 loan and is currently completing her P100,000 payment.

Through income from her business, Nelly was able to extend their lot and fix their home, which is why she is grateful to the administration’s P3 loan program.

“Lubos po akong nagpapasalamat sa ating Pangulong Rodrigo Duterte at sa mga namamahala ng programang P3. Bihira ang mabigyan ng ganitong pagkakataon,” Nelly said.

NATATANGING P3 MICROENTERPRISES

featuresTHe PHILIPPIne STAr

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NORTh LUZONKASAPI MICRO fINANCE AND RURAL

DEVELOPMENT INC.On January 3, 2006

a group of professional development-or iented people embarked on micro enterprise development with the vision of helping and empowering the rural poor in their community. The first program under

this endeavor was the PANGKABUHAYAN LOAN PROGRAM (PLP). The program was basically patterned after the GRAMEEN system of village banking with the poor people in Bangladesh. It has been modified to cater the economic and social needs of the poor people particularly in Brgy Esguerra, Talavera, Nueva Ecija, where its operation started and mostly where the founding members reside.

KASAPI Microfinance successfully implemented its microfinance operation and eventually partnered with Small Business Corporation and availing their Regular Wholesale Lending and Pondo sa Pagabago at Pag-asenso (P3) Program as a partner conduit.

SOUTh LUZONPINOy LINgAP DAMAyAN

MULTI-PURPOSE COOPERATIVEPeople’s Livelihood

Development Cooperative was registered as credit cooperative in May 14, 2010 and was renamed Pinoy Lingap-Damayan Multi-Purpose Cooperative in 2015 and expanded its business operation to abaca processing and

trading. Today, PLDC is a province-wide cooperative with services ranging from microfinance loan for ARB’S, farmers, fisher folks and low-income families to salary and pension loan, abaca trading and processing.

PLDC was granted a Credit Line of P 25.0M under the P3 Wholesale Lending Program in 2017. To date, it has an outstanding balance of P17.2M and a total availment of P22.46M.

MINDORO PROgRESSIVE MULTIPURPOSE COOPERATIVE

February 2002 when Sofia G. Fabillar organized a Rural Improvement Club (RIC) with 50 women members and ventured in the bag and dress making as well as hog raising (paiwi system) business, each finished product was

NatataNgiNg KatuwaNg Ng P3also peddled by the members to the community.

In 2018 Mindoro Progressive Multi Purpose Cooperative has grown from 18 to 1,294 members, from 1 to 24 barangays, from 1 municipality to the whole province of Occidental Mindoro, from 3 to 339 employees, from ₱18.00 to ₱132,434,000.00 in assets.

MPMPC was approved of an initial P3 credit line amounting to P10.0Mn in April 2017. The line was later increased to P20.0Mn upon the credit line renewal in May 2018.

SEDP-SIMBAg SA PAg-ASENSOThe SEDP – Simbag sa Pag Asenso Inc. is a

development oriented institution run by the Diocese of Legazpi. It was established in October 1994 and its main office is located at The Chancery, Cathedral Compound, Albay District, Legazpi City. They have 28 branch offices all over the province of Albay and in the neighboring provinces in the Bicol region and Samar Island in Visayas. They are serving 61,000 members mostly women and its families.

Previously known as the Socio Economic Development Program of Social Action Center, Diocese of Legazpi, SEDP-Simbag sa Pag-Asenso, Inc. spinned off as separate entity in 2004.

SEDP provide both financial and non financial services to their members to improve their socio economic condition. Their members enjoy the benefits of Micro insurance, educational assistance, health services, training and spiritual formation. They also facilitate their members’ access to Social Protection Services such as SSS, Water for Life, Bayad Center and Insurance for senior citizens.

SEDP was granted a P3 loan last January 19, 2018 amounting to 30.0Million. The fund was allocated to Albay, Camarines Norte, Camarines Sur, Catanduanes and Masbate. They were able to lend it to 1,489 members with an average loan size of P20,000.00 each.

CENTRAL LUZON LfCI-KASANIB SA PAg-ABOT Ng PANgARAP, INC.

Lawndale Finance Company, Inc. - Kasanib sa Pag-Abot ng Pangarap, Inc. (LFCI- KPPI) currently operates within Central Luzon (Region III), particularly in Nueva Ecija and Aurora,

Noticing many poor people who are able and willing to work hard but have little or no access to low-interest funds, the incorporators and top management employeess of LFCI made a serious decision to start an NGO.

In 2005, LFCI started its microfinance in order to reach the poor but deserving micro-entrepreneurs experiencing difficulties in attaining funds. Inspired by the success of its banner program of funding micro-entrepreneurs, KPP added secondary programs on education scholarships, enhancing entrepreneurial skills, promoting good health nd nutrition, and pursuing biodiversity conservation, all funded by income generated by its microfinance services.

For six years, KPPI operated under the permit of its mother institution, LFCI. In 2011, it was decided that it will be to its best interest for KPPI to have its own separate entity, thus, it was registered and finally approved in January 12, 2012 as LFCI-KPPI. To date, LFCl-KPPI continuous to explore further services/benefits to its beneficiaries in the field of insurance, savings, leadership, training, food processing and other eco-friendly technologies.

vISAYAS TAyTAy SA KAUSWAgAN INC.

Taytay sa Kauswagan, Incorporated (TSKI) or “Bridge to Progress” was established on September 1, 1986 and with Head Office at TSKI Building Mali-ao, Pavia, Iloilo.It is the first MFI certified with ISO 9001:2000. With more than 226 branches nationwide serving more than 600,000 micro entrepreneurs with financial assistance and livelihood programs in more than 500 municipalities.It has been an active partner of SBC from 2010 with a credit line of P60.0M under the regular Microfinance Wholesale Program. In 2017, it was accredited under the P3 Program with initial credit line of P60.0M under the P3 program which eventually increased to P100.0 and with 133% availment rate. TSKI implemented the P3 program to the poorest provinces in Region 8, Mindoro Occidental, Antique and Negros Oriental and in Guimaras with total micro-end borrowers of more than 10,000.

CEBU PEOPLE’S MULTI PURPOSE COOPERATIVE

The Cebu People’s Multi-Purpose Cooperative (CPMPC) was organized in December 1972 with Head Office at #50 T. Abella St., San Nicolas Proper, Cebu City. It started with 27 members with an initial capital of P2,175.55 and currently with more than 30,000 and capitalization of P279.0 million. It has 18 branches

strategically located in Cebu Province has new branches that include outside Cebu like in Kalibo, Aklan, Davao City and Quezon City. Last year, it was accredited under the P3 Program with an initial credit line of P30.0M and was fully availed by the cooperative with total micro-end borrowers of 688. CPMPC is already accredited as pilot CDP for Accelerated P3 for Visayas.

MINdANAOBAUg CARP BENEfICIARIES

MULTI-PURPOSE COOPERATIVEBaug CARP Benef ic iar ies Mul t i -Purpose

Cooperative (BCBMPC) is a 23 year old cooperative, they started with 110 ARB farmers/members operating 167 hectares prawn farms in Magallanes, Agusan del Norte. The cooperative was registered in Cooperative Development Authority (CDA) last Feb. 8, 1995.

Sometimes in 2003 the cooperative were devastated by the White Spot Syndrome Virus that causes 17 million losses to the cooperative. This event forces the cooperative to shift its operation from prawn production to savings and credit or the bank-like operation.

After this event a significant growth were observed from the cooperative. BCBMPC has currently 18,158 members with estimated assets of more than 600 million, four atm sites and eight branches operating in Caraga Region. The cooperative catered entrepreneurs, farmers, pensioners, government officials/employees and private sector.

BCBMPC is one of the promising cooperative in region that has been recognized by different government agencies, banks and international organizations. The cooperative is presently partnered with DTI and Small Business Corporation in implementing the Pondo sa Pag-asenso at Pagbabago or P3, catering the financing needs of the micro and small entrepreneur in combating the 5/6 type of credit.

MEDIATRIX MULTI-PURPOSE COOPERATIVEMediatrix Multi-purpose Cooperative (formerly

known as Mediatrix Savings Credit Cooperative) was formally registered by the Regional Cooperative Development Assistance Office on December 18, 1989 and was confirmed by the Cooperative Development Authority on March 05, 1991. On October 23, 2009, its Articles of Cooperation and By-Laws was amended and registered to conform to the provisions of RA No. 9520, with new registration number 9520-12000979.

Through the years, the cooperative’s membership has grown in number. It has established linkages with different institutions. The remarkable growth and development of MMPC is a tribute to all past and present officers, personnel and members who have been working hard to realize the goals of the cooperative. On its 27th years in existence, MMPC is operating with six Branch Offices and nine business centers spread though out North Cotabato, South Cotabato, Sarangani Province, Sultan Kudarat and Bukidnon. Aside from Savings and Credit, MMPC offers other services to its members such as (1) In-house Tinabangay and Kalusugan Special Savings Deposit, (2) Hostel, (3) ATM Machine, (4) Agri-Supply, (5) Tailoring, (6) Calamity and Death Assistance, (7) Community Development Program, and others.

As a whole, the Cooperative is able to maintain the sustainability of performance in the entire operation as looking forward in attaining the KRA’s perspective. The Mediatrix Multi-Purpose Coperative will continuously “Reaching Out, Improving Minds, Touching Lives” of our members and its community.

NABUNTURAN fARMERS MULTI-PURPOSE COOPERATIVE

Nabunturan Farmers Multi-purpose Cooperative was organized on April 25, 1996 with 48 members who were all residents of the municipality of Nabunturan, majority of them are famers. The coop was officially registered with the Cooperative Development Authority (CDA) – Davao City with an initial paid up capital of P24,500.00 on June 14, 1996 bearing CDA Registration Number 9520-1101573.

Initial business activity of the coop is lot financing and in 2010 they engaged into savings and credit operation. The coop is also into farming wherein the coops owned a palm oil farm and 21 hectares agricultural lot planted with coconut, cacao and among others. At present, the coop has more than 1,200 members.