US$ 22-M Caraga Rumepp exceed targets-A A +A
Tuesday, December 24, 2013
BUTUAN CITY -- The Rural Micro Enterprise Promotions Program (Rumepp) in Caraga Region not only met but also exceeded its performance targets in project implementation.
This is the appraisal made by the RuMEPP Program Management Unit (PMU) of the Department of Trade and Industry (DTI).
It also performed beyond the expectations of the International Fund for Agricultural Development (IFAD), the programme funder, as confirmed during the IFAD Supervision and Implementation Support (SIS) Mission for RuMEPP recently.
The seven-year program, which will be winding up by close of this year, served 6,978 new and existing micro enterprises (MEs), a 215 percent accomplishment versus the target of only 3,248 set by IFAD. This level of performance is true to all four Caraga provinces.
Agusan del Norte served 2,015 MEs (301 percent) versus 670 target; Agusan del Sur - 1,851 MEs (219 percent) versus 846 target; Surigao del Norte -1,653 (215 percent) versus 662 target; and Surigao del Sur -1,459 (136 percent) versus 1,070 target.
Rumeep-Caraga has also released Php 36,642,341 pesos worth of business development services (BDS).
These BDS releases were instrumental in the development of a number of industries in the region like seaweeds, kalakat (palm oil fronds), pangasius, tilapia, coffee bean production, water lily products, arts and crafts, organic farming projects as well as the series of skills training and enhancement seminars including marketing support, among others.
The highest BDS project release is Php 10.6 million pesos to Surigao del Sur to assist 1,459 MEs throughout the province.
Agusan del Sur had Php 9 million pesos of BDS to assist 1,851 MEs; Php 8.7 million pesos was given to Agusan del Norte to assist 2,015 MEs; Php 8.4 Million pesos to Surigao del Norte to assist 1,653 MEs.
A survey from the National Statistics Coordination Board (NSCB) confirms the steady growth of the Gross Regional Domestic Product (GRDP) and the decrease in poverty incidence catapulting the region from the bottom of the 17 regions to 11th place, just next to Cebu and Davao, a feat that also reflects the contribution of the RuMEPP projects by increasing the economic activities in the rural communities.
The RuMEPP programme covers only the 19 poorest provinces in the country, with the goal of increasing economic development and improved job generation to reduce of rural poverty of at least 200,000 poor rural households.
RuMEPP is involved in capability and capacity building endeavors equipping the MEs with adequate skills to start, manage and grow a business enterprise to increase their incomes and even provide employment as the business expands.
The program likewise provides the MEs access to working capital when they need it form Micro Finance Institutions (MFIs) funded by the Small Business Corp. (SBC).
RuMEPP is a seven-year, US$22.826-million program assisted by IFAD with the DTI as the lead implementing agency.
It aims to reduce poverty through increased economic development, job creation, and better income for poor rural households by promoting profitable and sustainable micro enterprises.
Published in the Sun.Star Cagayan de Oro newspaper on December 24, 2013.