42 get SEA loans from city PDF Print E-mail
Wednesday, 19 December 2012 14:15

The City Government pursues the grant of Self Employment Assistance (SEA) loans to help indigent but deserving families sustain small business ventures and ultimately make them self-reliant and self-sufficient.

Mayor Celso Lobregat personally distributed the checks to the 42 beneficiaries ranging from P3,000 to P5,000 per beneficiary. He was assisted by Councilor Nonong Guingona, City Social Welfare and Development Office OIC Evelyn Las Marias as well as young entrepreneur BG Guingona and former CSWDO Francisco Barred.

Dubbed as SEA loans, the assistance released by the City Government yesterday totalled to P146,000. Of the total number of recipients, 32 are from the Vitali District, 4 from the Tetuan District and 6 from the Ayala District.

Lobregat urged beneficiaries of the program to use the money in the proper way and to promptly pay their obligations in order to allow other equally deserving families to avail of the privilege.

The beneficiaries were identified by the CSWDO through the Welfare Division and have agreed through a contract to pay the back the amount to the city government in various instalments with no interest for a period of one to two years. The payment policy will pave the way for other deserving families to also avail of the loans.

For the release of checks yesterday, the recipients will use the amount for various buy and sell activities for charcoal, banana, rice, corn, fresh fish, crabs and shrimps including sari-sari store.

The beneficiaries of the SEA loans program are identified, screened and monitored by the City Social Welfare and Development Office.

The program is one of the social welfare services carried out by the City to help alleviate the plight of the constituents.

The same amount collected from previous beneficiaries are being revolved and released to other deserving individuals. — Sheila Covarrubias