A “fresh start” was how 40-year old Elvira Aballe of Barangay Liboganon described the financial aid of 6,000 pesos she received as one of the beneficiaries in this city of the Self-Employment Assistance-Kaunlaran (SEA-K) program of the Department of Social Welfare and Development (DSWD) as financed by Security Bank.
“We are very thankful to the government and Security Bank for coming up with a program that will help us,” Elvira told CIO Tagum during the distribution of cash assistance last August 23, 2013 in Barangay Liboganon.
Elvira is among the 75 beneficiaries of the Pantawid Pamilyang Pilipino Program (4Ps) from Barangay Pagsabangan (28) and Barangay Liboganon (47) in Tagum who were identified by the City Social Welfare and Development Office headed by its chief Mrs. Nora Lupiba to avail of the SEA-K program of the department.
Lupiba said this is a way of capacitating the 4Ps beneficiaries to engage in a profitable venture to support their respective families by engaging in an entrepreneurial activity.
Elvira said she will be using the money she received for her fish-vending business, just like her other colleagues who will use the money as additional capital in retail stores or Mayor Allan Rellon, on the other hand, extended his full support to this program as it is in line with his EAGLE WINGS agenda on governance, specifically on social services and livelihood development.
Each beneficiary is entitled to a 6,500 pesos cash assistance, 500 pesos of which will be contributed to their barangay-based SEA-K associations that will also be used for their group’s business venture. The funding was made possible through the support of Security Bank through its corporate social responsibility program, which earmarked one million pesos for this program.
DSWD Secretary Dinky Soliman identified Tagum and a Municipality in Benguet to make use of Security Bank’s assistance.
Prior to this, the identified 4Ps beneficiaries underwent a rigorous training on financial management and bookkeeping facilitated by DSWD XI. The said office will also conduct regular individual and group monitoring to ensure that the cash assistance will not go into waste.
The SEA-K Program is a livelihood and capability building program aimed at enhancing the socio-economic skills of poor families towards establishing and managing sustainable community-based credit organizations for entrepreneurial development.