links: http://www.dswd.gov.ph/2013/12/dswd-mfis-open-business-options-for-pantawid-pamilya-beneficiaries/
DSWD, MFIs open business options for Pantawid Pamilya beneficiaries
Posted on 03 December 2013.
DSWD Undersecretary Parisya Taradji calls for extended support during trying times. The Department of Social Welfare and Development (DSWD), through its Sustainable Livelihood Program (SLP), signed Memoranda of Agreement (MOA) with partner institutions Alalay sa Kaunlaran Inc. (ASKI) and the Center for Community Transformation (CCT) for the benefit of Pantawid Pamilyang Pilipino Program.
The MOA signing took place last November 27 at the Banko Sentral ng Pilipinas (BSP) during the culmination of the observance of Microfinance Week with the theme, “Microfinance Partnerships During Challenging Times.”
The Microfinance Council of the Philippines, Inc. (MCPI), of which ASKI and CCT are member institutions, sponsored the event.
Creating impact
Rolando B. Victoria, Executive Director of ASKI, committed to do their best in creating a “bigger impact not just in the lives of the project participants, but of the entire communities as well.”
The partnership with ASKI will provide microfinance services for micro-enterprise development and will enhance the entrepreneurship skills of Pantawid Pamilya beneficiaries through business and social development programs.
Currently, the DSWD has an existing partnership with ASKI in Central Luzon. Pantawid Pamilya beneficiaries have participated in a Farmer Entrepreneurship Program with capacity building and skills training workshops in August and September.
Through the recently signed MOA, the partnership will expand to the Ilocos Region and provinces in the Cagayan Valley.
Livelihood and Transformation
The partnership with CCT, referred to as the Program for Livelihood and Transformation (PRO-LIT), aims to provide Pantawid Pamilya beneficiaries access to credit, savings and micro-insurance, capacity building and skills training, and employment facilitation.
Participants will undergo transformational values formation and microfinance programs, among others. CCT will conduct a Credit Risk Assessment on the beneficiaries. Those who will pass the assessment will be eligible to receive loan grants from the organization.
Beneficiaries will also be linked to CCT’s partner institutions for social security services.
Call for unity
SLP National Project Manager Georgina Hernandez spoke about the Pantawid Pamilya and partnership efforts on socio-economic sustainability for the poor.
She emphasized that Pantawid Pamilya is a “lifeline” but that the “families need livelihoods in order for them to become self-sufficient.”
DSWD Undersecretary Parisya H. Taradji came on behalf of Secretary Corazon Juliano-Soliman, who was still attending to disaster management efforts at the time of the event.
In her speech, Undersecretary Taradji stressed the timeliness of partnering and uniting to help those affected by Typhoon Yolanda.
“The recent events have tested our country’s resilience,” she said.
“We must therefore provide support for the most vulnerable sectors of the country.”
From success to significance
Eduardo Mendoza, Corporate Secretary of MCPI and Executive Director of the Tulay sa Pag-unlad, Inc. (TSPI), stressed the need for active involvement of the public and private sectors as partners.
“We see the need to be a part of their [beneficiaries’] story,” he said. “We need to cross over from success to significance.” ### - See more at: http://www.dswd.gov.ph/2013/12/dswd-mfis-open-business-options-for-pantawid-pamilya-beneficiaries/#sthash.Defq7DVY.dpuf
DSWD Website
http://www.dswd.gov.ph/
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http://www.dswd.gov.ph/2013/12/dswd-mfis-open-business-options-for-pantawid-pamilya-beneficiaries/
http://www.dswd.gov.ph/2013/12/dswd-mfis-open-business-options-for-pantawid-pamilya-beneficiaries/
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