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Estrada vows to expand Manila’s capital assistance program for MSMEs

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By Erma Edera

Manila mayor Joseph Estrada vowed to expand the city’s capital assistance program (CAP) to uplift the lives of indigent families in Manila.

Manila Mayor re-electionist Joseph Ejercito Estrada (ALVIN KASIBAN / MANILA BULLETIN)

Manila Mayor re-electionist Joseph Ejercito Estrada (ALVIN KASIBAN / MANILA BULLETIN)

Estrada, who is running for his third and last term as Manila chief executive, said the program aims to provide fund so that poor families could put up small scale businesses.

Estrada said he wanted to help the microbusinesses and small enterprises in the city for them to experience continuous financial growth.

He pointed out that micro, small and medium enterprises or MSMEs are the backbone of the city government’s rapid progress.

“We will give these small entrepreneurs a chance para palakihin ang kanilang negosyo, after all, they complement Manila’s economic growth,” Estrada said.

When Estrada started the program in 2013, he said that thousands of Manileños were given the chance to have their own businesses with a start-up capital of P5,000 to P10,000.

The program has produced standalone stores, food kiosks, and other backyard businesses which provided extra income to the beneficiaries and it helped the people with their day-to-day expenses.

Manila Department of Social Welfare (MDSW) officer in charge Nanet Tayag said that through the program, poor families could earn additional income for their daily necessities and they can send their children to schools.

Aside from the CAP, the city of Manila has already provided more than 20,000 beneficiaries worth P90 million from 2013 to 2019 under the educational assistance program (EAP).

Estrada said EAP seeks to help students with their school expenses, including their projects that will complete their academic requirements.

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