I attended today the Go Negosyo, Go Gobyerno event at PTTC where the President Gloria Macapagal- Arroyo announced the launch of a livelihood lending facility for government employees. In her keynote speech, she explained that amounts will be made available by government financial institutions (GFIs) to qualified cooperatives and employee associations (should have been in existence for at least 2 years) who will be the ones to lend to individual regular/permanent government employees.The President said that the maximum loanable amount is P150,000 and that the loan will be subject to interest rates at market level (likely to be more than 12% as the cooperatives and the employee associations will be getting the money from GFIs at this rate) payable in 2 years. It will be available only to regular permanent employees.
Too bad. First, almost everyone at our office is a contractual employee. Second, there is no employee association nor a cooperative existing there. Well, at least we are not going to be subject to the temptation of borrowing in the pretense of business. :) As one cooperative president correctly pointed out, the typical government employee usually borrows every where he can borrow. "Kung saan pwede umutang, uutang."
I for one felt that Go Negosyo should have focused first on informing government employees of the various types of micro-business that they can go into, as well as the trainings being provided by various government agencies. In fact, from the questions raised during the whole-day event, it was quite clear that government employees were craving for affordable livelihood trainings.
Now, if only the concerned agencies can provide weekend trainings for government employees at discounted fees, then probably this lending facility set up by the President will be put to good use.
3 comments:
if you're interested to build your knowledge on micro businesses, please contact 9323974 or 942 4907, these are the numbers of COttage Industry Technology Center, a line agency of DTI and also the Project Manager of Rural Micro Enterprise Dev't Prog. I used to work in these agency, and because I got very much inspired from the work that they do there, i made a decision to live my full potential through entrepreneurship, I left the government service in 2005.
Good luck to you and to everyone who aims to create wealth and abundance in their life.
Vicki Martinoff
I'm not sure if this would qualify for the mentioned lending facility for permanent government employees. But otherwise - and for those who are not qualified for the loan - this one requires capital that would not be difficult to raise, being the equivalent of only (or less than) P15,000 at current exchange rates.
Talking about "negosyo," learning new skills, and earning really passive income, why not try a web business?
As in any other business, kailangan alam mo ang ginagawa mo. And you may normally have to go through a learning curve to succeed. The internet, after all, is technology and doing business on the net is a totally different game.
But with a turnkey system like the one I recommend on my blog (I think it is the only one of its kind), you won't have to learn anything technical (although you will gain new knowledge and learn new skills along the way). The system provides all the tools you need to handle the technical and marketing side of your business, including research on your proposed online business, demand and supply, profitability, etc.) So No need for a business plan (something you will be required in a real world business). All you have to do after the research is to decide on the specific kind of business you want to carry out and then write your content. There is an Action Guide that will walk you through everything. Just follow the intructions carefully.
They have a very high rate of success, as a check on the web rankings of internet businesses using this system would show and as the hundreds of users would attest to. The system owner claims a high 3% or higher score in site rankings according to Alexa.com, the leading traffic-measurement company on the web.
Please go and check it out. The cost is lower than the cheapest business franchise available (comparable cost - and no equipment, furniture, personnel, etc. necessary... just your computer and an internet connection).
P.S.
This is the first time I read your blog and I am impressed - I think you can write very well. I honestly think you can continue sharing information and fulfill the original purpose of your blog at the same time, using the system I tell you about (it should eliminate the problems you have encountered).
hi vicki. its good to hear that someone from government service has made the jump to entrepreneurship. i wish i will find my own way too. thanks for the info.
hello masaganang pinoy. thanks for visiting my site and for the compliment. will take time to read your blog and learn about the business scheme you mentioned.
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