Enterprising Makati residents put up businesses using P5,000 aid from city gov’t

By: - Reporter / @dexcabalzaINQ
/ 04:02 AM June 02, 2020

MANILA, Philippines — Some Makati residents who received P5,000 in cash assistance from the city government have used the money to put up their own businesses, according to Mayor Abby Binay.

“Several recipients of our cash aid have shared inspiring stories on how they were able to use it to start a small business, with the goal of making it a stable means of livelihood to support their families for the long term,” Binay said in a statement.


One of the first batch of beneficiaries, Joeffrey Furo of Barangay Rizal, used the money as capital for his e-loading business, a “sari-sari” store and computer repair shop.

With a wife and a child to support, Furo said the financial assistance from the city was very timely, especially for a person with disability like him. He lost one of his legs in a hit-and-run accident.


Another resident, Agnes Bungay of Barangay Guadalupe Nuevo, was also able to put up a sari-sari store.

As of May 30, the city government has released more than P1 billion in just two weeks since it rolled out the P2.7-billion Makatizen Economic Relief Program.

A total of P1,035,810,000 has been distributed to 207,162 beneficiaries, each of whom received P5,000 through the GCash app, according to Binay.

For more news about the novel coronavirus click here.
What you need to know about Coronavirus.
For more information on COVID-19, call the DOH Hotline: (02) 86517800 local 1149/1150.

The Inquirer Foundation supports our healthcare frontliners and is still accepting cash donations to be deposited at Banco de Oro (BDO) current account #007960018860 or donate through PayMaya using this link .

Subscribe to the Inquirer COVID-19 Newsletter
Read Next
Don't miss out on the latest news and information.
View comments

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: Abby Binay, coronavirus pandemic, coronavirus Philippines, COVID-19, entrepreneurs, Makati cash aid
For feedback, complaints, or inquiries, contact us.

© Copyright 1997-2020 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.