A TOTAL of 56 entrepreneurs in Negros Oriental recently graduated after completing the 10-week mentoring program, Kapatid Mentor Me, by the Department of Trade and Industry (DTI).
DTI Assistant Secretary Blesila Lantayona said the business courses are designed to equip the micro, small, medium enterprises (MSMEs) with the right mindset, business know-how and experience to prepare a business improvement plan.
The mentee-graduates were taught through one-on-one mentoring by successful businessmen and practitioners during conceptual discussions and coaching sessions to scale up their business. The participants are involved in the food and beverage businesses, transportation services, handicrafts, and "pasalubong" items, among others.
This is one of the government’s strategies to boost economic activity focusing on MSMEs as they push the economy to greater heights, said the DTI.
With the mentees business improvement plan, which is being appraised by experienced entrepreneurs and seasoned businessmen, investors may finance the business or lend them funds so that the business can move, said Lantayona.
“We are targeting over 3,000 mentees or 110 batches of KMME all over the country and bring in improved productivity for entrepreneurs for this year,” she said.
It has been noted that if MSMEs continue to innovate and improve their operations and add value to their products, more jobs will be created in the province.
This is one of the government’s strategies to boost economic activity focusing on MSMEs as they push the economy to greater heights, said Lantayona.
DTI-Central Visayas Director Asteria Caberte said the department has always been helping the MSMEs in their marketing through trade fairs and business matching.
The validation of the entrepreneurial capabilities of the graduates and getting the right assistance are now needed to address the production gaps, she said.
Caberte announced that the Congress has approved the P800 million for the Shared Service Facilities, a big help in addressing the gaps and to speed ahead with the operations.
The modules introduced during the mentorship training include the concepts and principles of marketing, business plan preparation, product development, financial development business law, values formation, operations management, and supply value chain, among others.
DTI believes that the capacity building program for MSMEs will spur more innovative ideas and more employment opportunities in the countryside. (PIA)