WELLNESS IN BUSINESS: DOST MICROFINANCE for small businesses created P73B sales, 44,000 jobs and penetrated over 2,200 new markets within 10 years. The half billion-peso alloted this year for DOST’s Small Enterprise Technology Upgrading Program or SET UP will be expanded next year . Science Secretary Mario G. Montejo refused to name an exact number citing organizational, logistical factors that should also be considered...

Malaya Business News Online - Philippine Business News | Online News Philippines - DOST MICROFINANCE: P73B sales, 44,000 jobs: "SET UP is a no interest, no collateral, proposal-driven funding that must be paid back to the DOST after three years. “We would like to expand the budget but  only to a point that we can manage it properly,” Montejo said. “We are very careful about this.”  “It’s a very good program,” he observed, saying the returns are impressive. Montejo estimated that for every P50,000 that SET UP provides, one job is created, meaning the value in sustained wages for one year is higher than the financial support given. " CLICK LINK TO READ MORE

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