How can ABA ILONGGO be of help to the Negosyanteng Bulilit?
• Lack of funds – Government financial institutions and local government units must assist in the formation of various credit cooperatives in the barangay level. Funds can be channeled through the credit cooperative to ensure the legitimacy of the borrower. The barangay being the basic political unit must create its own credit committee to screen applicant for funds among the Negosyanteng Bulilit. • Sourcing of material and marketing of finished product – Seminars must be conducted in the barangay level to identify the marketability of goods and wares to ensure the competitiveness of their product. • Simple bookkeeping, allocation of funds, and credit worthiness – Seminars must be conducted in the barangay level to educate the Negosyanteng Bulilit on the importance of paying principal (borrowed funds) and interests on time, it will ensure the renewal of the loan and as well as granting of additional loans in the future.
