The City Government of Davao has for the third time released financial assistance to another batch of Magnegosyo Ta ‘Day Program beneficiaries on Friday afternoon.
Mayor Inday Sara Duterte led the distribution of the assistance in the form of loans to 27 enterprising women of Buhangin District, which totalled P225,000.
According to Astred Cajes, Livelihood Coordinator of the City Social Services and Development Office, 18 women were given P10,000 each while nine beneficiaries were given P5,000 each.
She added that the loans are payable for 12 to 24 months and 12 months, respectively, with zero interest rate.
“The beneficiaries were from Barangay Buhangin Proper, Acacia, Cabantian, Mandug, Indangan and Communal with livelihood projects such as garments making (bags, rugs, accessories), agro-forestry (vegetable production), trade and commerce (sari-sari store, buy and sell), butchering and junkshop business,” Cajes said.
Mayor Inday said the program is intended to give extra income to women and also to discourage them from patronizing lending schemes such as “5-6.”
The first batch of women beneficiaries received assistance in February, while the second batch starting receiving in March.
The program targets to assist 1,200 women and it has P2.5 million budget.
“Those lending schemes will just make them sink even before they have started their business. With Magnegosyo Ta ‘Day, women will be taught with more than having business but how to keep it and make it successful,” she said.
The mayor also added that part of the Magnegosyo Ta ‘Day Program is the provision of training to women so they can be equipped with basic entrepreneurial skills such as bookkeeping. The training will also help them determine the kind of business they should engage in.
“We are very grateful for this project because it has helped us in our respective businesses,” Grace Mancenido of Barangay Mandug, one of the beneficiaries, said.
Magnegosyo ‘Ta Day is a program for women initiated by Mayor Inday to address the current gender inequality in the labor and economic sector in Davao City.
The Office of the City Mayor, the City Social Services and Development Office (CSSDO), and the City Mayor’s Integrated Gender and Development Division (IGDD) identify and organize target-beneficiaries; and handle the program orientation. CIO