DOST im­ple­ments pro­gram to sup­port CL en­ter­prises

Sun.Star Pampanga - - TOPSTORIES! - BY REY­NALDO G. NAVALES Sun.Star Staff Reporter

CLARK FREEPORT — The De­part­ment of Sci­ence and Tech­nol­ogy (DOST) is con­tin­u­ously im­ple­ment­ing a pro­gram to sup­port mi­cro, small, and medium en­ter­prises or the so-called mi­cro, small and medium en­ter­prises (MSMEs) in Cen­tral Lu­zon.

Dur­ing the Talk Widus me­dia fo­rum of the Pam­panga Press Club (PPC) at the Widus Ho­tel and Casino here yesterday, DOST Cen­tral Lu­zon Se­nior Sci­ence Re­search Spe­cial­ist Jen­ina Malonzo said the progam is aimed at max­i­miz­ing the pro­duc­tiv­ity of the MSMEs in the re­gion.

DOST’s flag­ship pro­gram dubbed SetUp or Small En­ter­prise Tech­nol­ogy Up­grad­ing Pro­gram, which started in 2002, was im­ple­mented to help MSMEs up­grade pro­cesses and cur­rent tech­nol­ogy to im­prove their pro­duc­tion.

“Min­san tinatawag ko po itong tat­long Ms e. Ma­pa­bilis yung kani­lang pro­duk­siyon, ma­pa­ganda ang kali­dad ng kani­lang pro­dukto at ma­parami ang kani­lang pro­duk­siyon (Some­times I call this the three Ms, mean­ing speed up pro­duc­tion, in­crease the qual­ity of their prod­ucts and vol­ume),” Malonzo sai d.

The pro­gram helps small en­ter­prises meet the re­quire­ment of the in­ter­na­tional mar­ket and at the same time be lo­cally com­pet­i­tive, ac­cord­ing to the DOST of­fi­cial.

The agency pro­vides funds, through a loan as­sis­tance pro­gram, to help MSMEs ex­pand their busi­nesses with the adop­tion of new pro­duc­tion meth­ods.

What is good about the SET UP pro­gram is that the agency col­lects no in­ter­est and re­quires no col­lat­er­als from the en­ter­prises that se­cure loans for their re­spec­tive busi­nesses, ac­cord­ing to Malonzo.

“So nag­bibi­gay po kami ng pondo para maka­pa­gadopt po sila ng mga mak­abagong mak­i­narya na makakat­u­long sa kani­lang busi­ness. Ang ka­gan­da­han po ng SETUP na ito is no in­ter­est, no col­lat­eral at payable pa po siya from three to five years para hindi na­man po mabi­gatan ang at­ing mga MSMEs (We give them fund­ing so they can adopt new ma­chiner­ies to help them in their busi­ness. What is good about SET UP is that it has no in­ter­est, no col­lat­eral and is payable from three to five years so they will not be bur­dened),” she added.

En­ter­prises may bor­row up to P3-mil­lion from the agency’s re­gional of­fice, Malonzo said.

Loan ap­pli­ca­tions that ex­ceed P3 mil­lion will be en­dorsed to the DOST na­tional of­fice for ap­proval, she added.

Malonzo urged busi­ness­men en­gaged in small and medium en­ter­prises who are in­ter­ested to avail of the pro­gram to visit the DOST re­gional of­fice at Maimpis in the City of San Fer­nando.

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