Now on its eighth year of enabling the development of microentrepreneurial clients of microfinance institutions, cooperatives and social development organizations with microfinance programs, the Citi Microenterprise Development Center program has commenced training and coaching entrepreneurs in January 2019 at the Bayan Academy in Quezon City. For the rest of the year, the CMDC targets to improve the entrepreneurial skills of 1,250 microentrepreneurs, including the youth. The beneficiaries will come from partner organizations like microfinance institutions (MFIs) and the Department of Trade and Industry (DTI). The program will be implemented nationwide where DTI facilities and networks are present.
Around 1,200 beneficiaries will undergo the Grassroots Entrepreneurship and Management (GEM) training, while fifty high-potential CMDC graduates from 2017 and earlier batches will undertake the Small Business Advisory and Coaching Services (SBACS) to enrich their management of marketing, human resource, operations and finance functions.
The CMDC plans to continue its partnership with DTI through their Negosyo Centers which are the main contact point with MSMEs. The intended partnership will include the use of the Negosyo Centers as training venue, with DTI serving as a sending institution, and acknowledging CMDC as their partner in capacitating entrepreneurs.
Collaborative efforts with other government agencies such as Department of Science and Technology (DOST), which have programs supporting MSMEs will also be further explored in 2019.
Article from CMDC Newsletter, Volume IV Issue No. 6