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Muntinlupa small entrepreneurs granted loans sans interest

NINETY-TWO small-scale business owners were recently given financial assistance amounting to P1.5 million by the local government of Muntinlupa.

This is part of the zero-interest loan assistance program of the city government to support local budding entrepreneurs.

In partnership with the Gender and Development Office, each of the Batch 96 members received a loan assistance from P3,000 to P75,000 during a recent turnover ceremony held at Plaza Central, Barangay Poblacion.

Muntinlupa City has been hailed as the “Most Business-Friendly” local government unit by the Philippine Chamber of Commerce and Industry (PCCI) for 2017 and 2018.

The business group’s local chapter is confident of the local chief executive’s administration as he leads the city to greater heights in trade and investments.

“PCCI-Muntinlupa would like to express our utmost thanks to Mayor Jaime Fresnedi’s leadership in championing ease of doing business with the government,” PCCI-Muntinlupa President Elvie Sanchez-Quiazo said during the recent Thanksgiving Banquet organized by the city government of Muntinlupa for members of the private sector.

“Our continued optimism over Mayor Fresnedi’s commitment to bring real change has been credited to the implementation of innovations not only for the business community but also for all Muntinlupa residents,” she added.

Sanchez-Quiazo lauded, in particular, his thrusts in promoting innovations to streamline business processes.

One of these is the 2019 Business Permit Renewal, which is ongoing until January 20.

Muntinlupa Business Permits and Licensing Office is urging business owners to pay dues early to avoid penalties and skip “rush days” of registration nearing the deadline.

Fresnedi expressed his gratitude to business owners’ punctuality in paying their dues and renewing their businesses in the city.

There are now 15,409 registered businesses in Muntinlupa. The city has recorded a significant increase of over 166 percent in business tax collection since 2012.




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