1. SMERA – Legarda Fund Budget: P833,000.00 Project Components: Budget 1.Product DevelopmentP382,000 2.Market Promotion419,500 3.Monitoring & Evaluation 15,000 4.Orientation Briefing with Stakeholders 16,500 TOTAL BudgetP833,000 ==============

2. SMERA – Legarda Fund Product Development Component Project Fund: P 382,000.00 ActivityStatus 1. On-going Procurement of Business Development Service Provider (Designer). Posted in Philgeps. Closing date of bids is July 3, 2014 No bidders Option is to secure Quotation from eligible designers 2. Requested Design Center of the Philippines for list of recommended designers for the loomweaving sector. (memo dated June 20, 2014) No response from DCP to date. 3. CITEM proposed for the enrolment of the project to their Product Development Program Budget estimate for the Product Development is P261,000 (cost inclusive of professional fee, travel expenses, accommodation & meals)

3. SME Roving Academy Market Promotion Component Project Fund: P 419,500.00 Activity StatusActions to Take 1. On-going screening of RO/POs and filing of application documents to the Manila FAME, October 2014 Edition. 2. Company Assessment and Visit to SME Applicants by the POs. 21 Company Profiles submitted: Benguet – 7 SMEs Kalinga – 7 SMEs Mt. Province – 7 SMEs POs to Submit Company Profile & Assessment: Abra, Apayao & Ifugao 3. Coordination with CITEM for the applicable fees for: a.Booth Space; b.Construction of the Booth; and c.Designer/Curator for the Booth System Memo from CITEM dated June 23, 2014 provided quotation for the following: 1.Space Rental P 189,000 (72 sq.m x P3,500 less 25% discount) 2.Booth Construction P 300,000 TOTAL 489,000 RO - Awaiting Revised Proposal from CITEM RD – Final decision & conforme RO- Realignment of budget from Product Devt to Market Promotion