Grow Negosyo

Republic of the Philippines
SORSOGON STATE UNIVERSITY

OFFICE OF EXTENSION SERVICES
Sorsogon City
Tel. No. (056) 211-0200 Loc 111 Email: oes@sorsogonstatecollege.edu.ph
GROW NEGOSYO
(A FINANCIAL AND BUSINESS MANAGEMENT TRAINING AND MENTORING PROGRAM
FOR MSMEs IN SORSOGON)
SECTION A. BASIC INFORMATION OF THE PROPONENT
Designation in the
EXTENSION PROJECT TEAM Faculty Rank
Project
Name: Michael B. Bongalonta, CPA, DBA Project Leader /
Associate
Contact Number: 09190090048 Resource Speaker /
Professor III
Email Address: michaelbongalonta27@gmail.com Facilitator
Name: Michelle M. Bongalonta, CPA, MBA Component Leader 1 /
Assistant
Contact Number: 09171133658 Resource Speaker/
Professor I
Email Address: bongalontamichelle@sorsu.edu.ph Facilitator
Name: Santos E. Gigantoca Jr., CPA Component Leader 2 /
Contact Number: santosgigantoca@gmail.com Resource Speaker/ Instructor I
Email Address: 09273568498 Facilitator
Name: Diana V. Sales, DBA Component Leader 3 /
Assistant
Contact Number: 09075430041 Resource Speaker/
Professor III
Email Address: dianemv_17@yahoo.com Facilitator
Name: Randy G. Delumen, CPA Member / Resource
Contact Number: 09664525991 Speaker/ Facilitator Instructor I
Email Address: randy.delumen@sorsu.edu.ph
Name: Allyboy G. Melitante, CPA Member / Resource
Contact Number: allyboy.meiltante@sorsu.edu.ph Speaker/ Facilitator Instructor I
Email Address: 09505428298
Name: Graham M. Naz, MBA, MAEd
Member / Resource Assistant
Contact Number: 09566715670
Speaker/ Facilitator Professor I
Email Address: naz.graham@yahoo.com
Name: Deo L. Geocada, MPA
Member / Resource Instructor I
Speaker/ Facilitator
Email Address: deogeocada1618@gmail.com
Name: Led L. Despuig, DBA
Member / Resource Associate
Speaker/ Facilitator Professor IV
Email Address: despuig.ed@sorsu.edu.ph
Name: Eddie P. Golpeo
Member / Resource
Contact Number: 09485304078 Instructor I
Speaker/ Facilitator
Email Address: eddie.golpeo@sorsu.edu.ph
Date Submitted:
OES Monitoring Code:
OES Received Date:
SECTION B. INFORMATION ON THE PROJECT PROPOSAL
1. General Information of the Projects
A. COMPONENT PROJECT 1
Project Leader / Speaker: Dr. Michael B. Bongalonta, CPA

Component Leader / Speaker: Michelle M. Bongalonta, CPA, MBA
Member / Speaker: Randy G. Delumen, CPA
Member / Facilitator: Santos E. Gigantoca Jr., CPA
Allyboy G. Melitante, CPA
Diana V. Sales, DBA
Led L. Despuig, DBA
Deo L. Geocada, MPA
PAGE \* MERGEFORMAT 1
SSC-EXT-14-F002 Rev.02 Effective December 1, 2017
Sorsogon City
Graham M. Naz, MBA, MAEd

Eddie P. Golpeo
Project Title Basic Training on TRAIN LAW, Accounting for Non-

Accountants, and Compliance with Registration and
Reportorial Requirements (DTI, SEC, BIR & LGU)
Project Timeline/ Duration August 2023- May 2026: Every Quarter of the Year
Project Site / Project Location Municipality of Bulan Sorsogon / Sorsogon Province—SorSU and
DTI
Project Focus Area (RDE Agenda) (RET -A7) Socio-Cultural, Political, Economic and Tourism
Development
Research Title (where the output is N/A

ready for Diffusion / adoption)
No. and Type/Nature of Target 235 Owners of MSMEs in the Municipality of Bulan / Sorsogon
Beneficiaries (specify) Province
Implementing Partner DTI, Negosyo Center – LGU Bulan, PESO
Amount of Partner Agency Funding Under Negotiation. This must be equal to the actual costs to be
incurred to implement the project.
Amount of SSC Funding None. Cost includes the Fair Value of the Services to be provided
by the SSC (Intangible).
Amount of other Sources of Fund (if

applicable)
B. COMPONENT PROJECT 2
Project Leader: Dr. Michael B. Bongalonta, CPA

Component Leader/ Speaker: Santos E. Gigantoca Jr., CPA
Members / Speakers: Allyboy G. Melitante, CPA
Member / Facilitator: Diana V. Sales, DBA
Led L. Despuig, DBA
Deo L. Geocada, MPA
Randy G. Delumen, CPA
Michelle M. Bongalonta, CPA, MBA
Eddie P. Golpeo
Project Title Training on the Basics of Financial Management, Product

Pricing, and Product Design and Product Costing
DTI
Development
Sorsogon City

No. and Type/Nature of Target 235 Owners of MSMEs in the Municipality of Bulan / Sorsogon
Implementing Partner DTI, Negosyo Center – LGU Bulan

applicable)
C. COMPONENT PROJECT 3
Project Leader: Dr. Michael B. Bongalonta, CPA

Component Leader/ Speaker: Diana V. Sales, DBA
Member / Speaker: Deo L. Geocada, MPA
Eddie P. Golpeo
Led L. Despuig, DBA
Member / Facilitator: Randy G. Delumen, CPA
Michelle M. Bongalonta, CPA, MBA
Allyboy G. Melitante, CPA
Santos E. Gigantoca Jr., CPA
Project Title Training on Marketing and Entrepreneurship, and Power

Play: The Intersection of Politics and Business
DTI
Development

No. and Type/Nature of Target 235, Owners of MSMEs in the Municipality of Bulan / Sorsogon
Implementing Partner DTI, Negosyo Center – LGU Bulan
Sorsogon City

applicable)
2. Project Background and Rationale
Context and
Background Micro, Small and Medium Enterprises (MSMEs) play a vital role in promoting
economic stability in the nation. These entities exist anywhere in the country. They have material
contributions to the economic progress as well as of generating income to the people.
The Philippines employs two criteria in operationally defining MSMEs, namely
employment and asset size. The Philippines Statistics Authority classifies an enterprise as a micro
enterprise if it has less than 10 employees, small if it has 10-99 employees, medium with 100-199
employees, and large if it has 200 or more employees. On the other hand, the Small and Medium
Enterprise Development Council (SMEDC) uses asset size as its basis for classification;
P3,000,000 or less -micro, P3,000,001-P15,000,000 -small, and P15,000,001-P100,000,000 -
medium. In the Bicol region there are 43,074 micro, 3,275 small, and 111 medium enterprises
based on the 2022 Philippine MSME Statistics in Brief.
The Province of Sorsogon is one of the cities in the Bicol Region. This area is
accessible to other neighboring provinces such as Masbate and Albay which are frequently and
habitually doing business in Sorsogon, thus, bulks of business transactions are common to this
Province. Amidst its progress is the existence of a significant number of MSMEs that have
substantial contribution to its income due to the fees, taxes and the like collected from these
businesses.
All businesses are required to submit financial statements to respective

government agencies for proper assessment to the taxes to be collected and other external
purposes. Compliance to which, some of them implement and integrate a single-entry bookkeeping
system which is sometimes not appropriate in assisting them in the preparation of the complete
sets of financial statements. This current system of recording financial transactions often results to
the omission of the needed documents and information as basis for the computation of the correct
amount of net income to be declared to satisfy the needs of the stakeholders. Some of the problems
commonly encountered by these businesses are the lack of knowledge as to the business legal
requirements including compliance to Bureau of Internal Revenue, Financial Management, Pricing
and product costing and the like. These may hinder these business owners to properly sustain its
operation.
These situations have captured the attention and boost the enthusiasm of all
extensionists of Sorsogon State College Bulan Campus to extend and share their accounting,
management and taxation expertise to assist all the small-scale business owners to sustain its
operation. This extension program will help and address the needs of Small-Scale Businesses for
further improvement the existing internal controls over the financial records of the business
owners. Also, this will be instrumental to properly educate all the business operators about the
basic requirements for legal purposes. Finally, the aspiration of the SSC extensionists to instill in
to the minds of the preparers of financial statements and business owners the spirit of honesty and
integrity in the declaration of income and presentation of the financial statements for the sake if
the Government and consequently to the constituents is also the highlights of this proposal.
3. Project Goals State your goal/s (Describe the major outcome of the project)
and Objectives 1. Empower MSMEs with the knowledge and skills necessary to make informed financial
decisions and manage their finances effectively through comprehensive financial and
business management training and mentoring program.
State your objectives:

Component 1
1. To acquaint MSMEs owners with the needed business and legal requirements under
Sorsogon City
TRAIN Law including compliance to BIR.

2. To provide basic training on accounting for non-accountants.
3. To equip the business owners with the knowledge on registration and reportorial
requirements under DTI, SEC, LGU and BIR.
Component 2
1. To equip MSMEs with basic financial management
2. To provide the business owners with different strategies for setting prices
3. To equip the MSMEs owners with different approaches in costing of their products or
services.
Component 3
1. To help the small-scale businesses sustain organizations through marketing strategies
and entrepreneurship.
2. To increase the awareness of MSME’s owners about the implication of political
aspects in their businesses.
RESULTS FRAMEWORK
Goal Outcome Indicator (Project’s Key Activities (Defined Key Output/s /

(Long term Components) based on the Indicators
Objectives) problems and (No. of / % Increase)
challenges identified) Measurable Results of
activities and
progress towards
outcomes
Empower MSMEs  To empower MSMEs owners Basic Training on 80% of the participants
with the knowledge with a deep understanding of the TRAIN LAW, had improve
and skills necessary to provisions, implications, and Accounting for Non- knowledge on tax
make informed strategies related to the TRAIN Accountants, and compliance, reportorial
financial decisions Law, fostering a culture of Compliance with requirements, and can
and manage their informed tax compliance and Registration and record transactions and
finances effectively responsible financial decision- Reportorial prepare financial
through making. Requirements (DTI, statements
comprehensive SEC, BIR & LGU)
financial literacy  To equip the MSMEs owners
training and with essential accounting
mentoring program. knowledge and skills, enabling
them to under-stand, interpret,
and apply basic
accounting/recordkeeping
effectively in their business.
 To gain insights into best

practices and strategies for
streamlining and optimizing
compliance processes, efficient
and cost-effective.
 Empower individuals and Training on the Basics 80% of the participants
organizations with the skills, of Financial can create a periodic
knowledge, and mindset needed Management, Product budget for their
to navigate the complex Pricing, and Product business, and can
financial landscape, make sound Design and Product design costing and
decisions, and achieve sustained Costing pricing strategy for
financial success over time. their product/services
 Empower participants with the
knowledge, tools, and strategic
mindset needed to set and adjust
prices in a way that supports
long-term business growth,
profitability, and customer
satisfaction.
Sorsogon City
 To develop a comprehensive
understanding of the principles,
methods, and techniques used to
accurately determine the costs
associated with producing goods
and services
 To have deeper understanding of Training on Marketing 80% of the participants
key marketing concepts and and Entrepreneurship, can develop a
entrepreneurial strategies and Power Play: The marketing strategy and
relevant to their businesses. Intersection of Politics can incorporate
 To gain understanding of how and Business political aspects into
political dynamics, policies, and their planning
regulations impact MSMEs. processes
4. Project Application Effectiveness
How does the project contribute to the local development plans / regional / national in relation to addressing
challenges cited?
This program will seek inputs from the respective beneficiaries. Inputs include all the relevant
information including the common problems encountered by the small-scale business owners that will be the
basis of designing the lecture materials. Cooperation from the beneficiaries and all other stakeholders is also
necessary in order to carry out the objectives of this program.
As a result, enhancing the basic knowledge of the business owners about accounting, financial
management and taxation, though this extension program, will greatly help them improve its internal controls
and system. Thus, securing the sustainability of the business operations that would consequently contributory to
the local, regional and natural development plans of the province.
Finally, regular conduct of seminars, training and workshop involving the Sorsogon State University
as provider of the needed expertise and the DTI as the budget provider in the implementation of such program
will disclose all the areas needing improvement which could be the basis in formulating a functional policies
and guidelines governing the operations of MSMEs in the Province of Sorsogon.
SSU: What are the strategies you will use to attain the major output?
1. Design a comprehensive training program where the topics, hours of training and resource speakers are
identified;
2. Prepare training materials/ modules for each topic in the training sessions;
3. Designate resource speakers to each topic;
4. Conduct a coaching session after every training; and
5. Evaluate the effectiveness of the training through a conduct of a research.
Partner Agency: What are their roles and contributions? Refer to the attached MOA
1. Submit the letter of request stating the services that they need thru extension services of the identified
skills and to pursue this program and provide reports prior to the conduct of the project plan;
2. Lead in the program design, cascading down the projects / activity plan based on the stipulated
objectives in Article II and the subsequent schedule of implementation thereof;
3. Assist / Identify the participants or recipients of the project based on the agreed schedule;
4. Provide financial assistance to shoulder the food of the trainers and clientele, honoraria (if necessary);
materials and equipment and other miscellaneous expenses necessary in the implementation of the
program;
5. Assist in the monitoring of the attendance of the extension implementors and the participants / clientele
of the project;
6. Support the implementation plan, monitoring, evaluation and feed backing of every project conducted
in line with the program
7. Regularly coordinate with SSU and organize a meeting to convene and discuss matters in line with the
project accomplishments and terminal report and the future plans of the program;
5. Project Implementation Plan (May use quarterly for long term program/project)
Year 1 Year 2 Year 3

Key Activities/ Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
Sorsogon City
Workplan
Pre-Launching
1. Planning and
Meeting with DTI
and Local Negosyo
Center
Representative
2. Drafting of
Extension
Proposal/MOA
3. Conduct of Pre-
Assessment
Training Needs
Assessment and
Discuss result of
the TNA to partner
agency
/participants
3. Gather baseline
data/profile of the
participants
Launching
1. Launching of
Project
2. Signing of MOA
Implementation
Phase
1. Conduct of
Trainings/Mentorin
g
Component
project 1
Training
Accounting for
Non-Accountants
Basic Training on
TRAIN LAW
Compliance with
Registration and
Reportorial
Requirements
Mentoring
Accounting for
Non-Accountants
Tax (TRAIN LAW)
Compliance with
Registration and
Reportorial
Requirements
Component
project 2
Training
Training on the
Basics of Financial
Management
Product Pricing
Sorsogon City
Product Design and

Product Costing
Mentoring
Financial
Management
Product Pricing
Product Design and
Product Costing
Component
project 3
Training
Training on
Marketing and
Entrepreneurship
Power Play: The
Intersection of
Politics and
Business
Mentoring
Marketing and
Entrepreneurship
Politics and
Business
2. Evaluation of
Training
Pre- and post-
training
assessments
3. Provision of
Certificates to
Participants who
pass the post
training
assessment.
Project Monitoring
and Assessments
Quarterly
monitoring and
assessment through
survey
Over-all
Evaluation of
Activity
Research on the
impact of the
extension project
Project Closure
Program for Closing
the Extension
Project
Feedbacking and
Turn- Over
Activities
Sorsogon City
Note: During the implementation phase, the conduct of each component project training will be done once
every quarter for a period of three years. The mentoring sessions will be conducted three months after the conduct of
the training.
6. Project Sustainability Plan
The Sorsogon State University and the Department of Trade and Industry will implement measures to
effectively monitor the status of the program after its implementation. As monitoring strategy, the DTI will
continuously look into the needs of small-scale businesses and the SSU will continuously improve the design of the
lecture materials and the like to address the concerns of the target beneficiaries.
An impact assessment will be conducted after the implementation of the program. It is expected the that this
extension will be adapted by DTI as part of their service programs for MSMEs in the province. It can be stated
further that this program can also be adopted by other Provinces here in the Philippines.
SECTION C. Information of the Implementing Partner/s
Name of the Contact Details Indicative Roles / Commitment

Institution/ (Address,
Partner Agency Contact Number/ Email)
DTI Sorsogon  Provincial Director Ma. Lourdes D. Pancho  Identification of the participants in the
 DTI Sorsogon regional Office training;
 Ensuring the attendance of the
participants and conducting proper
information dissemination on the
schedule of the training sessions;
 Identifying and organizing the venues,
and the necessary equipment and
facilities for the training;
 Assignment of additional facilitators to
assist SSU faculty-extensionists during
the training;
 Reproduction of the training materials/
modules to be provided by SSU;
 Provision of materials to participants
needed in the workshops;
 Preparation of the certificates for the
resource speakers; and
SECTION D. Budgetary Requirement

PARTICULARS Qty Unit AMOUNT SSC Share Partner Agency
Share
A. PERSONNEL N/A N/A N/A N/A N/A
SERVICES
(Honoraria)
1. Project Team
Leader
2. Project Coordinator
3. Trainer
4. Consultant
5. Guest Resource
Speakers
SUBTOTAL: 0 0
B. SUPPLY &
MATERIALS
1. Bond Paper (Long) 20 ream 220.00 0 4,400.00
2. Pencil 100 box 60.00 0 6,000.00
3. Ballpen 100 box 70.00 0 7,000.00
4. Marker 50 box 50.00 0 2,500.00
Sorsogon City
5. Envelope (Long; Brown) 700 pc 6.00 0 4,200.00

6. Notebook (90 leaves)^ 705 pc 13.00 0 9,165.00
7. Certificates 24 pc 250.00 6,000.00
8. Projectors * 2 units 22,000.00 44,000.00 0
9. Projector’s screen* 2 units 5,000.00 10,000.00 0
10. Printer * 1 unit 8,000.00 8,000.00 0
11. Computers* 2 units 14,000.00 28,000.00 0
12. Audio Speakers* 1 unit 20,000.00 20,000.00 0
SUBTOTAL: 110,000.00 39,265.00
C. Travel Expenses
1. Gasoline 150 Liters 70.00 10,500.00 0
SUBTOTAL: 10,500.00 0
D. Food & Accommodation
1. Snacks –participants 705 pc 240 169,200.00 0
2. Snacks- speakers 96 pc 240 23,040.00 0
3. Social Hall rental fee 30,000.00 0
SUBTOTAL: 222,240.00 39,265.00
TOTAL: Php342,740.00 Php39,265.00
^ This can be shouldered by the participants.
*Supplies are already available at the extension office.
Submitted by:
MICHAEL B. BONGALONTA, CPA, DBA

Project Leader
Signed and endorsed by: Campus Extension Review Committee (ERC)
Signature:
Name: GILBERT G. GILE, DIANA V. SALES, DBA MA. ELENA C. DEMDAM, RGC
MMPA
Designation: Extension Coordinator Program Dean Campus Administrator
======================================================================
VI. Over-all Assessment of the College’s Research and Extension Council (SSC-RECO
Approved per RECO Resolution No. ______, s. 2022 held at __________________

on ___________________________________________________________.
Deferred but the proponent attached the Compliance Form per recommendations
of the RECO Resolution No. ______, s. 2022 held at __________________ on
__________________________________________.

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Republic of the Philippines

SORSOGON STATE UNIVERSITY

SECTION A. BASIC INFORMATION OF THE PROPONENT

SECTION B. INFORMATION ON THE PROJECT PROPOSAL

1. General Information of the Projects

Project Leader / Speaker: Dr. Michael B. Bongalonta, CPA

Graham M. Naz, MBA, MAEd

Project Title Basic Training on TRAIN LAW, Accounting for Non-

Research Title (where the output is N/A

Implementing Partner DTI, Negosyo Center – LGU Bulan, PESO

Amount of other Sources of Fund (if

Project Leader: Dr. Michael B. Bongalonta, CPA

Project Title Training on the Basics of Financial Management, Product

Research Title (where the output is N/A

Implementing Partner DTI, Negosyo Center – LGU Bulan

Amount of other Sources of Fund (if

Project Leader: Dr. Michael B. Bongalonta, CPA

Project Title Training on Marketing and Entrepreneurship, and Power

Research Title (where the output is N/A

Implementing Partner DTI, Negosyo Center – LGU Bulan

by the SSC (Intangible).

Amount of other Sources of Fund (if

2. Project Background and Rationale

All businesses are required to submit financial statements to respective

State your objectives:

TRAIN Law including compliance to BIR.

Goal Outcome Indicator (Project’s Key Activities (Defined Key Output/s /

 To gain insights into best

4. Project Application Effectiveness

Year 1 Year 2 Year 3

Product Design and

6. Project Sustainability Plan

SECTION C. Information of the Implementing Partner/s

Name of the Contact Details Indicative Roles / Commitment

SECTION D. Budgetary Requirement

5. Envelope (Long; Brown) 700 pc 6.00 0 4,200.00

MICHAEL B. BONGALONTA, CPA, DBA

Signed and endorsed by: Campus Extension Review Committee (ERC)

Approved per RECO Resolution No. ______, s. 2022 held at __________________

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Approved per RECO Resolution No. , s. 2022 held at ____________