ENTREP 101: Assessing Enterprises for ECLOF

Posted under top on November 15, 2018
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ECLOF Philippines (ECLOF) is a microfinance institution focusing on agricultural microfinance. With established unit offices in North Luzon, South Luzon, and Palawan, it’s currently serving over 26,000 clients. ECLOF’s loan products and services are the following: Agri Microfinance; Entrepreneurial Loans/Micro Negosyo at Serbisyo; Small & Medium Enterprise Loan; Institutional Loans; Client Service Loans. Other non-financial services of ECLOF are capacity building and business development programs on basic organic farming.

ECLOF, in collaboration with Bayan Academy, recently concluded the ECLOF Philippines – Entrep 101 Training held last November 12 to 13, 2018. Both training days were held at the Manila North Tollways Corporation (MNTC) training room of Bayan Academy, 2nd floor, Cinderella Building, 825 EDSA, Quezon City, Metro Manila. There were 29 participants from different positions, departments, and branches of ECLOF Philippines.

The participants doing the energizer activity before the start of the Entrep 101 training program in Day 1

The course was a two-day customized training on Micro Enterprise Development. The first day was about The Seven Self Mastery Skills. The second day was about Assessing Enterprises.  The objective of the training program was to equip ECLOF Philippines officers and staff with entrepreneurial knowledge, skills, and tools to deepen their understanding on ECLOF’s business, and to further enhance their competencies on how to effectively market the loan products and services of ECLOF.

The facilitators of the two-day training program were Ms. Estelita “Babes”  Chavez-Catacutan, senior fellow of TOP and executive director of Bayan Enterprise Developers Growers and Evolvers Inc. (Bayan EDGE); and Ms. Maricel G. Pasuquin, EDGE officer of Bayan EDGE. Ms. Babes was the lead facilitator of the program, while Ms. Maricel co-facilitated during the second day. 

Ms. Maricel Pasuquin facilitating the afternoon workshop of Day 2 of the Entrep 101 training program

In concluding the second day, Ms. Babes reminded the participants of the value of knowing and studying finance and understanding financial statements. She said “finance is the language of business, you cannot fully know the standing of the business if you do not know finance…. you cannot measure what you don’t know.”

Group photo with all the participants with Ms. Babes Catacutan and Ms. Rosemarie Castro

The closing ceremony and the giving of certificates of the participants were spearheaded and presented by Mr. Luke Orbos, the senior program manager of TOP, and Ms. Babes Catacutan, executive director of BAYAN EDGE, and Ms. Rosemarie C. Castro, executive director of ECLOF Philippines.

 

 

EntrepreneurshipECLOFECLOF PH
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