Muntinlupa extends P1-million loan to cooperative
Muntinlupa City provided a P1-million loan assistance to Salon de Ayala Service and Credit Cooperative in to help local businesses recover from the economic disruption brought about by the COVID-19 pandemic.
Mayor Jaime Fresnedi (4 th from left) signs a memorandum of agreement with Salon de Ayala head Pam Godinez (2 nd from left) and Cooperative Salon De Ayala chairman Angeline Teodoro (3 rd from left) for the loan assistance last September 18.
Also shown in the photo: City Cooperative Officer Cynthia Viacrusis (5th from left) and Coun. Eliot Martinez (right).
The local exec assures business owners in Muntinlupa City of the local government’s continuing concern and support during these trying times.
Muntinlupa City champions MSME development through various programs including the Tulong Negosyo program (formerly Dagdag Puhunan program) which offers zero-percent interest loan assistance from 2,000 to 150,000 pesos.
As of September 17, Muntinlupa City has 3,967 confirmed cases with 3,188 recoveries, 649 active cases, 130 reported deaths, 452 suspect cases, and 581 probable cases.
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