ME, SBC and VCCCII

I was quoted in the Sunstar Cagayan de Oro Newspaper on March 6, 2010. I didn’t know about until I tried to search my name on the Sunstar online. 

I just want to correct some of the information that was reported. I believe that if I left it as it is, it would be a deservice to my company or my big boss may interpret it differently. I may be reprimanded on sowing mis-information to people and making them believe that we really does these things. This is just to clear things up and point that I didn’t misrepresent my company.

Correction on the 5th paragraph, I am actually a Cagayan de Oro Desk Officer of Smal Business Corporation, not Department of Trade of Industry (DTI). We are actually totally different from DTI though we are one of the attached agencies to the department. Secondly, my company does not do financial leasing, secondary mortgage and venture capital operations. Our programs are direct lending (business loans), credit guarantee, and wholesale lending (microfinance, graduating micros, and SMEs).

Here’s the article from Sunstar:

LGU supports biz program

Saturday, March 6, 2010

 

THE City Government of Valencia City is fully supporting the Business Development Services (BDS) program implemented by the Valencia City Chamber of Commerce and Industry Inc. (VCCCII).

In a financing forum organized by VCCCII, Valencia City Mayor Leandro Jose H. Catarata expressed his support to the move as he hopes for a better partnership with the chamber in the future in developing the micro, small and medium enterprises (MSMEs) in the city.

The forum was conceptualized in the last quarter of 2009 as part of the BDS program to address the financing needs of MSMEs in Valencia City who were looking for new financing windows other than those already offered by existing banks in the locality.

Through the assistance of the Department of Trade and Industry (DTI), the chamber was able to avail of the services of the Small Business Corporation (SBGFC), the financing arm of DTI.

Jade M. Montero, Cagayan de Oro desk officer of the DTI, gave a presentation of its various financing programs which include, among others, guarantee, direct and indirect lending, financial leasing, secondary mortgage and venture capital operations.

A total of 40 MSMEs attended the event and 30 of them were able to confer with Montero during the one-on-one consultation in the afternoon. It was held at Café Maria and organized in coordination with DTI-Bukidnon provincial office.

Imelda Quizo, president of VCCCII, was overwhelmed with the turn-out of the forum.

Because of this, a second forum was held on March 4 at the Taipan Restaurant in the city to accommodate the request of other MSMEs who were not able to attend the activity. (DTI)