The selection of the top performing entrepreneur-beneficiaries of the Cebu Provincial Government's Sugbo Negosyo program will now start after the program has registered a 95.78% project implementation.
Each of the 17 offices of the Provincial Board Members and the Vice Governor will choose their top ten performing beneficiaries whose businesses have shown excellent performance with the help of the program.
These beneficiaries will be evaluated by the Sugbo Negosyo technical working group (TWG) which will select the eventual winners province-wide.
Gov. Gwen Garcia met with the Sugbo Negosyo technical working group (TWG) on Tuesday, March 28, to discuss the progress of the second round of Capitol’s flagship micro-enterprise development program which began its implementation in July last year. The TWG is composed of representatives from the Capitol, MCCI, and the Department of Trade and Industry 7 (DTI-7).
Based on the data presented by the Mandaue Chamber of Commerce and Industry (MCCI), P95.78 million of the P100 million budget has already been used up by a total of 9,936 beneficiaries — registering a 95.78% project implementation.
The majority of the beneficiaries are sari-sari store owners who are deemed as the backbone of economic activity at the grassroots level.
The beneficiaries spent the capital assistance, given through digital coupons, in buying only the necessary goods and raw materials intended for their businesses from partner merchant supermarkets, appliance centers, hardware stores, cooperatives, and trading centers.
Their report shows that hardware stores recorded the biggest sales at P49.39 million, followed by supermarkets at P39.76 million.
Just like the first round of the program, the beneficiaries were granted much-needed business capital in the form of digital coupons by the Provincial Government coursed through the Provincial Board members and the Office of the Vice Governor. (Carlo Lorenciana)