DSWD releases P300,000 to 60 SEA-K beneficiaries in Ozamiz

Tuesday 12th of June 2012

OZAMIZ CITY, Misamis Occidental, June 12 (PIA) –- A total of P300,000 have been released by the Department of Social Welfare and Development (DSWD) for the Self-Employment Assistance-Kaunlaran (SEA-K) projects in Ozamiz, recently.

At P5,000 per beneficiary, the fund was distributed by Mayor Nova Princess E. Parojinog-Echavez, in Barangay Lam-an, this city.

The mayor said SEA-K is an assistance to provide capital for the business ventures on projects that would give the beneficiaries employment in their respective areas.

This will give the beneficiaries the chance to improve their lives through the livelihood projects that they themselves will engage in their communities, she added.

The amount is provided by DSWD is a loan to be paid by the beneficiaries after a year without interest.

That’s why, it is very important that they pay the money, in a year’s time, so it can be rolled–out for others to borrow, Echavez said.

The loan is open to anybody in the barangay, who is interested to borrow on voluntary basis.

Among the business ventures that the past SEA-K beneficiaries engaged in were projects on livelihood, such as, backyard hog-raising, backyard poultry and food-vending. (Juvy Lungay Canumay/CIO/PIA-10 Mis. Occ.)