This should be really simple.
First of all in your model you would need to change People
to a List rather than a select list.
Then you populate that list with the data you require.
Then in the view you simply loop through something like this:
<ul>
@foreach (var person in Model.People){
<li>person.id person.name</li>
}
</ul>
That is assuming i have understood your question correctly!