Entrepreneurship program aims to help Yolanda survivors recover-A A +A
Wednesday, December 25, 2013
MANILA -- Residents of Leyte affected by Super Typhoon Yolanda (Haiyan) will get a shot at helping themselves recover from the tragedy, via grassroots entrepreneurship program backed by the United States.
The US Embassy in Manila said the US Agency for International Development (USAid), Procter & Gamble (P&G), and Coca-Cola had signed an agreement to support such efforts to revive economic activity in Leyte.
"Under these MOUs, USAid, P&G and Coca-Cola will help establish new sari-sari stores and rehabilitate damaged or destroyed sari-sari stores located in public markets," the embassy said.
Also, the USAid, P&G and Coca-Cola will help sari-sari store owners get access to micro-financing loans and other interventions.
US State Secretary John Kerry earlier said this is "a great example of how we can bring the shared resources of the US government and American businesses to help the people of Philippines revive economic activity and restore livelihoods."
USAid/Philippines Mission Director Gloria Steele said the Philippines "is a close friend and a long-standing ally of the United States and we will continue to partner with, and provide support to the Philippine Government in their efforts to help Yolanda victims rebuild and recover from the tragedy.” (JK/Sunnex)