DTI distributes livelihood packages, extends 0%-interest microfinance loans to Marawi IDPs

ILIGAN – The Department of Trade and Industry (DTI) awarded 1,500 livelihood packages as well as 0%-interest microfinance loans to the internally displaced people (IDP) of the Marawi siege during the DTI Negosyo Seminar Para sa Marawi on 30 January 2018.

“We want to assure the IDPs that President Duterte’s administration continues to provide more business and livelihood opportunities through the DTI Negosyo Seminars being given to help them recover soon,” said DTI Secretary Ramon Lopez.

There were 1,500 participants and beneficiaries who attended the Negosyo Seminar. One of them was Mr. Alikman Nata, who intends to share the benefits of the livelihood package to his group, the Lanao Muslim Youth Association.

As the head of Bangon Marawi’s Subcommittee in Business and Livelihood, DTI had earlier distributed 588 livelihood packages and conducted Negosyo trainings to 1,963 IDPs as of December 2017. There were also 240 beneficiaries who were linked to financial institutions.

The Department also allocated Php 50 million this year to fund the Shared Service Facilities (SSF), providing Maranao entrepreneurs with facilities and knowledge that match their business needs. This is apart from the budget provision to support other Bangon Marawi programs in providing mobile rice mills, tricycles, vehicles, and the construction of public markets.

DTI flew in different business experts to teach business preparedness, opportunities spotting, product development and marketing, financial literacy, and franchising.

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