The Mag Negosyo Ta ‘Day (MTD) Program by the Office of the Vice President (OVP) provides an opportunity for individuals and groups in communities affected by poverty, injustice, or calamities in the Philippines by offering access livelihood assistance, empowering them to create sustainable income streams and improving their quality of life by integrating them into the economy. This program is ideal for aspiring entrepreneurs, marginalized groups, and communities seeking financial support to start or enhance their business ventures as it transforms them into active contributors addressing social needs within their communities.
Whether you’re an individual entrepreneur or part of a group, if you’re considering applying for this program to help establish or expand livelihood projects, then here’s a detailed guide on the process, requirements, and steps to maximize your chances of approval.
Program Features and Benefits
The Mag Negosyo Ta ‘Day (MTD) Program offers tailored support to individuals and groups, enabling them to establish sustainable livelihood projects and enhance their economic independence.
- Financial Assistance (₱100,000 to ₱200,000): Provides capital to kickstart or expand small businesses, addressing financial barriers.
- Comprehensive Training through DTI/PDIC: Equips beneficiaries with skills and knowledge for effective business management and sustainability.
- Support for Group and Individual Applicants: Ensures inclusivity by catering to diverse applicant needs, whether for personal ventures or community-based projects.
- Partnership with Accredited Civil Society Organizations: Builds a support network that connects beneficiaries with experienced groups for mentorship and collaboration.
- Equity Participation Requirement (20%): Encourages accountability and shared investment in the success of the project.
- Access to Satellite Offices Nationwide: Streamlines application processes by bringing services closer to communities.
- Recognition of Legitimacy through Required Documentation: Ensures funding goes to credible and qualified individuals or organizations, fostering transparency.
- Follow-Up and Monitoring by OVP: Helps track progress and provide guidance, increasing the likelihood of project success.
This program empowers beneficiaries to contribute meaningfully to their communities while achieving economic self-reliance.
Target Beneficiaries
The Mag Negosyo Ta ‘Day (MTD) Program by the Office of the Vice President (OVP) is designed to uplift marginalized sectors, communities, and individuals by providing livelihood assistance to those most in need of economic opportunities.
- Women’s Groups and Organizations: Focuses on supporting women in starting or expanding livelihood projects to promote financial independence and community involvement.
- LGBTQ+ Organizations: Provides funding for income-generating activities that empower LGBTQ+ groups to improve their socio-economic conditions.
- Farmers and Fisherfolk Associations: Offers financial support to agricultural and fishing communities for enhancing productivity and sustainability.
- Small Entrepreneurs and Market Vendors: Assists individuals and groups in establishing or scaling up small businesses for better income stability.
- Persons with Disabilities (PWD) Associations: Supports PWD organizations with projects tailored to their unique needs and abilities, fostering inclusivity in livelihood opportunities.
- Senior Citizen Associations: Encourages active participation of elderly groups in income-generating activities to improve their quality of life.
- Cooperatives and Community-Based Organizations: Provides resources to registered cooperatives and grassroots organizations for larger-scale projects that benefit entire communities.
- Calamity-Affected Communities: Targets areas impacted by natural disasters to rebuild and create sustainable sources of income.
- Socially Marginalized Individuals: Focuses on assisting individuals facing poverty, unemployment, or lack of access to resources, providing them with tools to become self-sufficient.
This program aims to make economic opportunities accessible to underprivileged sectors, helping them become active participants in their communities’ development.
Eligibility
To qualify for the MTD, each target beneficiary group must meet specific eligibility requirements that ensure fairness and adherence to program guidelines:
- Women Microentrepreneurs – Must be operating a small business and possess a Barangay Business Permit or related documentation.
- Residents of Eligible Areas – Must reside in a community where the MTD program is actively implemented.
- Low-Income Individuals – Should belong to households classified as low-income, as verified by the local government or partner agency.
- First-Time Loan Applicants – Should not have previously availed of loans under similar livelihood assistance programs.
- Philippine Citizens – Must present proof of citizenship, such as a valid ID or birth certificate.
- Women Entrepreneurs in Groups – Members of registered women’s organizations or cooperatives are encouraged to apply.
- Age Qualification – Applicants must be 18 years or older at the time of application.
Required Documents for Each Application Option: Individual and Group
You can apply for the MTD program as an individual or as a group. Each application type has specific requirements and processes to ensure the program’s resources are allocated effectively. Below are the detailed requirements and steps for each type.
Requirements for Individual Applicants
- Letter of Intent
- Must be original, dated, and signed.
- Submit to the OVP Central Office or Satellite Office.
- MTD Application Form
- Original copy with complete details and signatures.
- Valid Identification Card
- Photocopy of both sides of at least one valid ID with three specimen signatures. Acceptable IDs include:
- Driver’s License
- National ID
- UMID/SSS/GSIS ID
- Voter’s Certification, etc.
- Photocopy of both sides of at least one valid ID with three specimen signatures. Acceptable IDs include:
- Social Case Study Report
- Issued by the Local Social Welfare and Development Office (MSWDO/CSWDO/PSWDO).
- Must be original and signed by a registered social worker.
- Barangay Certification
- A document certifying no criminal or derogatory records.
- Optional Documents
- Business permit.
- Photos of an existing business (if any).
- DTI Certification.
Requirements for Group Applicants
- Letter of Intent
- Addressed to the Office of the Vice President.
- Signed by an authorized representative with contact details.
- MTD Application Form
- Original copy signed by the group’s representative.
- Valid Identification Card of Officers
- Photocopies with three specimen signatures.
- Certificate of Registration
- Proof of legitimacy from SEC, CDA, DOLE, DSWD, or DHSUD.
- By-Laws and List of Officers
- Certified true copies of Articles of Incorporation or Articles of Cooperation.
- Financial Report
- A certified financial report prepared by the Treasurer, concurred by the Auditor, and approved by the President.
- Work and Financial Plan
- Includes a breakdown of equity participation (minimum of 20% of the project cost).
- Project Proposal
- Proposal amounts: ₱100,000, ₱150,000, or ₱200,000.
- Must follow the prescribed template.
- Attendance or Completion Records
- From training sessions conducted by DTI or PDIC.
- Other Documents
- Bank account details.
- Barangay certification recognizing the group.
Steps to Apply for the MTD Program
To apply, here are the steps to follow:
Step 1. Prepare the Required Documents
- Gather all necessary documents based on your application type (individual or group). Ensure accuracy and completeness to avoid delays.
Step 2. Submit Your Application
- Submit the documents to the nearest OVP Central Office or Satellite Office.
Step 3. Assessment and Feedback
- OVP personnel will review your application. Expect feedback within three working days.
Step 4. Follow-Up Communication
- Stay available for updates via the contact details provided in your application.
Step 5. Project Evaluation
- Once approved, your proposed project will undergo a final review to determine funding allocation.
Accredited Organizations
The OVP collaborates with several accredited civil society organizations nationwide to implement the MTD program. Some of these organizations include:
- Philippine Federations of Local Councils of Women – Kusog Kababayen-an
- Paluig LGBTQ Inc.
- Bacolod City Mushroom Products Producers and Processor’s Association
- Barangay Habag Fisherfolks Association (BAHAFFA)
- United PWD Association for Rehabilitation and Development Incorporated
For a full list of accredited organizations, refer to the OVP’s official website or inquire at their offices.
Tips for a Successful Application
To make the application smoother and easier for you, here are some tips you’d want to remember:
- Submit Complete Requirements: Incomplete applications may result in delays or disqualification.
- Be Prompt: Follow submission deadlines and respond quickly to OVP communication.
- Showcase Preparedness: Include photographs, training certificates, or other evidence of prior business experience (if applicable).
- Engage with Your Community: For group applications, emphasize how the project will benefit the broader community.
Video: Mag Negosyo Ta ‘Day (MTD) Program
The Mag Negosyo Ta ‘Day (MTD) Program by the Office of the Vice President offers transformative support for individuals and communities looking to take a significant step toward achieving their business goals and improve their livelihoods through entrepreneurship. To start your journey, visit the nearest OVP Satellite Office or contact them for more information. You may also watch this video from Valiente News to learn more about this opportunity to turn your business ideas into reality!