DSWD offers loans to micro-entrepreneurs

ore than million for micro entrepreneurs in poor communities, particularly mon soon affected areas, is a ailable as no interest loans to enable them to restart their small busi nesses, according to the De partment of Social Welfare and De elopment DSWD .

nder the Sustainable i e lihood rogram S , the DSWD has a . billion fund for loans in the Self mploy ment ssistance aunlaran S as seed capital for micro entrepreneurs this year.

he S S does not discriminate if a borrower is a beneficiary of other DSWD programs like the antawid amilya ilipino rogram s .

t was learned that , s beneficiary households ha e been gi en seed capi tal loans amounting to , , from the S fund from anuary to uly.

he DSWD said , , was issued to S borrow ers from non s households gi en in the same period.

arget participants of the program are poor families enlisted in the ational ouse hold argeting System for o erty eduction S , prioriti ing antawid amilyang ilipino rogram beneficiaries,” the DSWD said.

he DSWD said the S is a community based capacity building program seeking to impro e the program partici pants socio economic status.

orrowers undergo social preparation and capacity building workshops before de ciding what li elihood to en ture into, the DSWD added.

nder the S loan facil ity, a participant who decides to start a micro enterprise may a ail of a non interest loan up to , , payable within one to two years and the amount will ary based on the nature and proposed budget of the micro enterprise.

amilies affected by ropi cal Storm aring and other types of disasters may access the S through the DSWD regional offices in coordination with the city municipal social welfare and de elopment of fices, the DSWD said.