TSPI Clients Chosen for CMA COVID-19 Rehabilitation Support Program
The 2020 Citi Microentrepreneurship Awards (CMA) uniquely recognized outstanding Filipino micro entrepreneurs through its COVID-19 Rehabilitation Support Program. Through this program, past winners of CMA are given financial assistance of not more than Php 50, 000 to support their microenterprises affected by the pandemic. The fund may be used as additional capital for their existing businesses or as seed capital for alternative income-generating activities or new microenterprise ventures. In addition, financial recovery planning sessions and monitoring of rehabilitation progress will be conducted by the Microfinance Council of the Philippines, Inc. (MCPI) to support the selected recipients.
Last July 31, 2020, TSPI nominated six of its nine CMA past awardees for this year’s CMA. On September, TSPI received the good news from MCPI that all six nominees were chosen for the rehabilitation support program. Four clients were recipient of grants amounting to Php 50, 000 each and two received Php 20,000 each. TSPI family is so grateful, in behalf of the clients. This certainly brought hope to them and to other clients who will hear and be inspired by their stories: