Sunday , June 24, 2018

2 Bacolod youth groups get livelihood loan

FIFTY members of two youth groups received a total of P500,000 in livelihood assistance from the Bacolod City Government with funding from the Department of Social Welfare and Development (DSWD) in Western Visayas.

The beneficiaries included 25 members of the Pag-asa Youth Association of the Philippines and 25 members of Negosyey of Bacolod, who each received P10,000.

This is the latest distribution of livelihood assistance led by Mayor Evelio Leonardia as of September 12, after last month’s release of P2 million to market vendors.

Pacita Tero, head of the City Department of Social Services and Development (DSSD), said the livelihood assistance is being implemented under the Sustainable Livelihood Program in the form of a loan payable in one year.

She said the DSWD aims to give opportunity to the youth to engage in small businesses.

The beneficiaries were given an orientation on making a project proposal, Tero said, adding that the DSSD will monitor their livelihood projects.

Last month, 200 vendors from various public markets of Bacolod also received a total of P2 million in livelihood assistance under the Sustainable Livelihood Program funded by the Bottom-up Budgeting of the DSWD.

Each vendor received an amount of P10,000 also distributed by Leonardia with other city officials.

The assistance was released in the form of a loan payable in three months.

The financial support is intended to empower the market vendors by providing them a cooperative loans system, Tero said. (PR)