This September 30, Cebu Provincial Government\u2019s Micro-business Aid Program called \u201cSugbo Negosyo\u201d will be formally launched in order to give entrepreneur beneficiaries as much as P50,000 worth of capital.<\/p>\n\n\n\n
What\nis \u201cSugbo Negosyo\u201d?<\/strong><\/p>\n\n\n\n Sugbo\nNegosyo is a program spearheaded by the local government of Cebu to\nhelp micro-business entrepreneurs with their passion for\nentrepreneurship. Cebu Province Governor Gwendolyn\nGarcia worked with the Mandaue Chamber of Commerce and Industry\n(MCCI), Department of Trade and Industry (DTI) 7, and the Cebu\nProvincial Board to make the registration process of this program\nsimpler.<\/p>\n\n\n\n According\nto the statement of the Cebu Capitol, the program comes in three\ncategories: Category A (\u201cNegosyo Padayonon\u201d), Category B\n(\u201cProduktong Sugbuanon\u201d), and Category C (\u201cMga Serbisyo\nug Ginagmay\u2019ng Patigayon\u201d).<\/p>\n\n\n\n Sugbo\nNegosyo Categories<\/strong><\/p>\n\n\n\n This program aims to aid beneficiaries with a P50,000 worth of goods, equipment, or raw materials in order to repurpose, uplift, or enhance established micro-enterprises heavily affected by the pandemic. <\/p>\n\n\n\n Beneficiaries of \u201cProduktong Sugbuanon\u201d will receive a capital of P20,000 which is aimed to help both new and existing micro-entrepreneurs engaged in manufacturing or processing.<\/p>\n\n\n\n On the other hand, beneficiaries of \u201cMga Serbisyo ug Ginagmay\u2019ng Patigayon\u201d will receive P10,000. This will be allotted for new and existing micro-entrepreneurs engaged in trading or services.<\/p>\n\n\n\n This micro-business assistance program is a collaboration of the local government, DTI in Central Visayas and the MCCI. To further strengthen this program, the established entrepreneurs of Mandaue Chamber of Commerce and Industry will be providing mentoring to the beneficiaries of the business capital grant which will be given in kind. <\/p>\n\n\n\n