APPLICATION FOR LIVELIHOOD ASSISTANCE

Metro PESO, through its Enterprise and Cooperative Development Center (ECDC), implements a livelihood program that aims to improve the socio-economic well-being of the low-income population of Naga. The program provides financial assistance/loans for the income-generating projects of qualified beneficiaries.  

Individuals or groups/cooperatives may avail of this assistance.

Qualifications for Loan Assistance

For Individual Applicants

1. The applicant must be a bona fide resident of Naga City

2. Must be 18 years old and above

3. Must not be an employee of the City Government of Naga

4. Must not have any existing or overdue Metro PESO livelihood loans

5. Must have a new or existing business

The applicant must look for a co-maker. The co-maker may be any person other than the applicant's spouse; and should satisfy all the qualifications above except number 3.

For Groups/Cooperatives

At least 70% of the cooperative's members are residents of the city.

Mode of Payment

A beneficiary may choose from among the following modes of payment.  This is included in the PESO-Client Agreement.

1. Lumpsum payment

2. Quarterly payment (for groups/cooperatives only)

3. Monthly payment

4. Weekly payment

5. Daily payment

6. Payment every other day

7. Payment every 15th and 30th of the month

Term, Interest and Penalty

The loan term depends on the project to be undertaken.  The following, however, are set for specific projects:

       a.  agri-based projects (e.g. piggery) - 6 months, lumpsum payment

       b.  sari-sari store, buy and sell - 3 months, equal monthly payments

       c.  farm inputs - 4 months, lumpsum payment

Cooperatives can avail of a loan term of up to 2 years.  Payment will be made on a quarterly basis.

Interest is pegged at 1% per month.

An additional 2% penalty is charged for any default or lapses in payment.

1.  Go to the Metro PESO ECDC

Applicant proceeds to the Metro PESO Enterprise and Cooperative Development Center (ECDC) and looks for the staff in charge of loan assistance.

1 minute

Jaime B. Francisco, Jr.

Clerk IV

Melany LL. Mañago

Clerk II (for individual borrowers)

Wilfredo C. Maraño III 

Project Evaluation Officer II

 (for group borrowers)

2.  Interview

Applicant is interviewed by the front liner.  Applicant states his full name, exact address, present job and specifies the business/livelihood project to be started or is presently undertaking.

1-2 minutes

3.  Fill-up the Application for Loan Assistance Form

Applicant fills up Metro PESO Form L-1 or the Impormasyon sa Pangungutang. 

For questions regarding the form, the applicant may approach the interviewing officer.

1 day

After accomplishing the form, applicant returns the form to the interviewing officer

for review and validation.

1 minute

Jaime B. Francisco, Jr.

Clerk IV

Melany LL. Mañago

Clerk II (for individual borrowers)

Wilfredo C. Maraño III 

Project Evaluation Officer II

 (for group borrowers)

The Application Form is returned to the applicant. 

Applicant proceeds to the City Social Welfare Development Office (CSWDO) for loan clearance.  The CSWDO also grants livelihood loans.  It certifies whether the applicant is:

1. Cleared (not yet assisted by the CSWDO, no existing loan)

2. Already assisted (fully-paid)

3. With outstanding loan from the CSWDO (disqualified)

City Social Welfare ad Development Office

The PESO seeks clearance from the Community Development Foundation, Incorporated (CDFI), a non-government organization, to check if  the applicant has existing loans with them.

Community Development Foundation, Incorporated

The front liner/interviewing officer checks if the applicant and co-maker have any outstanding Metro PESO loans through the Livelihood Beneficiaries Information System (LiBIS). 

Applicants and co-makers with existing loans are disqualified from re-applying.  Applicant may look for a new co-maker if the latter is disqualified.

Roderick  B. Reforsado

MIS Unit/Labor & Employment Officer I

Ephraim D. Calleja

MIS Unit/Casual

Metro PESO conducts a credit investigation to determine the applicant's credit-worthiness and the project's viability.

Before the actual credit investigation is carried out, the Credit Investigator checks if the application form is properly filled-up and follows-up completion of incomplete entries.

Gil V. Roncesvalles

Credit Officer II (for individual borrowers)

Wilfredo C. Maraño III 

Project Evaluation Officer II

 (for group borrowers)

Credit Investigator submits the application form to the PESO Manager for approval.

The City Mayor signs the Application for Assistance Form. 

Florencio Mongoso, Jr.

PESO Manager

Jesse M. Robredo 

City Mayor

• Public Employment Services
• Livelihood Loans and Services
• Manpower Training

• Locate Metro PESO
• Download Application for Livelihood Assistance
• Metro PESO Performance Pledge

All Forms and Performance Pledges are in PDF format.  You may download Acrobat Reader from www.adobe.com