A NUMBER of residents and organizations are once again beneficiaries to the Priority Development Assistance Fund (PDAF)-assisted livelihood program of Baguio City.

City Social Welfare and Development Officer (CSWDO) Betty Fangasan said the program started in 2007, when they first released P1 million for indigent residents who wanted to start a small-scale business enterprise.

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The livelihood program comes in the form of loan given to qualified applicants without interest or collateral to be used for a specific project.

Projects such as microlending, buy and sell of commercial rice, and massage clinics, among others, are then screened by the CSWDO before approval of the loan.

To date, 13 barangay-based women's organizations comprising 25 to 60 individuals were granted loan assistance by the City Government last August 11 in the amount of P30,000 to P50,000 each.

Others who availed of the loan comprised 29 family enterprises, 46 individual loans comprising women, family heads, senior citizens and differently-abled persons pegging the total amount P1,129,000 million released for this year alone.

Though the grant of the loan is a trust based agreement, Mayor Mauricio Domogan is hopeful the grantees will make use of the money wisely with the express obligation to return the same after they have already gained.

Domogan said the money, which is returned by borrowers, will also be lent to others who are also in need of the cash assistance.

He said the money should not be used for other purposes other than what is specifically stated in the project proposal.

As of this posting, the city has already released a total amount of P5 million to more than 500 beneficiaries and has high hopes it could help other poor but deserving individuals. (Paul Rillorta)