Skip to main content

PGIN raises P3M for women entrepreneurs, OFWs

By Leilanie G. Adriano
Staff reporter

LAOAG CITY—The Provincial Government of Ilocos Norte (PGIN) in partnership with the Commission on Filipinos Overseas (CFO) and the Cooperative Bank of Ilocos Norte (CBIN) raised an initial P3 million in a fund raising program. The fund is intended for the benefit of innovative women entrepreneurs and overseas Filipino workers who would like to invest in the province.

Qualified beneficiaries may avail of a maximum loan of P500,000 or a minimum of P15,000 to start up or expand an existing business here.

An applicant granted with a soft loan only needs to pay an interest rate of one percent (1%) per month or 12 percent per annum.

Launched in 2012, the inter-agency government network backed by the United Nations Development Program (UNDP) and the Western Union Foundation help put up the collective remittance fund meant to provide loan package for interested applicants particularly among women and OFWs.

Collective remittances refers to the pooling of individual remittances in order to create a source of funds large and stable enough to finance meaningful investment in employment-generating activities.

In 2013, at least 12 of the 46 applicants were granted with a package loan used in hog breeding and meat processing, retail and direct selling, rice and vegetable trading and production of off-season dragon fruit through extended day-light technology.

Of the 12 initial beneficiaries of the loan project, five had already paid their loan in full.

Ilocos Norte Governor Ma. Imelda “Imee” R. Marcos is encouraging all Ilocanos to avail of these government programs meant to provide livelihood and generate local employment in the province.


For interested applicants, they may just inquire at the provincial government, particularly at the office of the Millennium Development Goals program or at the Office of Gender and Development.

Comments

Popular posts from this blog

Empanada festival: A celebration of good taste and good life

By Dominic B. dela Cruz & Leilanie G. Adriano Staff reporters BATAC CITY—If there is one thing Batac is truly proud of, it would be its famous empanada-making business that has nurtured its people over the years. Embracing a century-old culture and culinary tradition, Batac’s empanada claims to be the best and tastiest in the country with its distinctive Ilokano taste courtesy of its local ingredients: fresh grated papaya, mongo, chopped longganisa, and egg. The crispy orange wrapper and is made of rice flour that is deep-fried. The celebration of this city’s famous traditional fast food attracting locals and tourists elsewhere comes with the City Charter Day of Batac every 23 rd  of June. Every year, the City Government of Batac led by Mayor Jeffrey Jubal Nalupta commemorate the city’s charter day celebration to further promote its famous One-Town, One Product, the Batac empanada. Empanada City The Batac empanada festival has already become an annua

PIDS expert says income tax cuts justified; warns gov’t of revenue loss

Proposals to amend the personal income tax schedule appear to be well-justified. However, these proposals should include measures that will allow government to recover the revenue loss from lower income taxes. Dr. Rosario Manasan, senior research fellow of state think-tank Philippine Institute for Development Studies (PIDS), said at a seminar sponsored by the Philippine Senate, that government should look for new revenue measures to compensate for the projected revenue loss that will arise as a result of the implementation of any of the various proposals to restructure the personal income tax. Currently, there are several income tax reform proposals pending in both houses of Congress. All of them, according to Dr. Manasan, have the same objective of addressing the phenomenon of bracket creep, which results from “non-indexation to inflation of personal income tax brackets”. Simply put, bracket creep occurs when employees’ income increases over time as a result of inflation. Th

PGIN honors Ilocano heroes of past, present through Heroes Walk

SPO1 Allan Lampitoc Franco of Banna, Ilocos Norte and PO2 Jovalyn D. Lozano of Adams, Ilocos Norte receive a resolution of commendation, a certificate of college scholarship grant to their family members and a P20,000 cash incentive each from the Provincial Government of Ilocos Norte represented by Governor Imee R. Marcos and Vice Governor Angelo M. Barba in recognition of their bravery and heroic acts in the Mamasapano clash in Maguindanao on January 25. Mr. Franco and Mr. Lozano were recognized on March 10 in time for the unveiling of the second batch of Ilocano heroes at the Heroes Walk located along the Sirib Mile in Laoag City.  (Lei Adriano) By Jennifer T. Pambid PGIN-CMO In honor of the heroes who brought freedom, fame and glory to the province as well as to the country in the past century, the Provincial Government of Ilocos Norte (PGIN) through the Education Department and Sirib Youth Office launched the second batch of Ilocano Heroes Walk on March 10, 2015.