Business for a cause
Setting up a Botika ng Bayan
Want to do business with a social function? Why not set up a Botika ng Bayan? You profit from the sale of an essential product (pharmaceutical drugs) and you help the community because you are selling them at a price lower than other drugstores since your source is the government (via the latter’s trading company, the Philippine International Trading Corporation (PITC).
Eligible applicants for the Botika ng Bayan Program can be a sole proprietorship, partnership or corporation, even an employee’s association or a cooperative. Pre-qualification requirements are:
1) Valid and current registration, with the Cooperative Development Authority (CDA), SEC, DOLE, or any organization authorized and certified by a duly recognized agency;
2) Minimum revolving capital of P500,000.00 for the project, as evidenced by a certification issued by an authorized Bank
3) Valid government licenses, business permits, etc.
4) Proposed location plan or vicinity map with a floor plan of not less than 15 sq.m.
5) Capability to comply with the documentation, technical and other requirements of the Bureau of Food and Drugs (BFAD) in the filing of the application for a License to Operate (LTO) as Drugstore, including the availability of the services of a licensed Pharmacist …..
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