SLP program participants received seed capital fund from DSWD

Published by Nelson Osial on

Two (2) Sustainable Livelihood Program Associations (SLPAs) from Castilla, Sorsogon received a total amount of Php 1,042,110.00 of livelihood funds through the Department of Social Welfare and Development (DSWD) Sustainable Livelihood Program (SLP) last May 31, 2021.

The turnover of funds was attended by DSWD employees, Municipal Local Government Unit (MLGU) representatives, and program participants.

The following SLPAs who received the funds will engage into,

Name of Project/SLPA Number of Program Participant Amount
Canjela Faramers SLP Association (Community based organic farming on fruits, root crops and vegetables) 30 482,110.00
Kalipunan ng Liping  Pilipina Castilla SLP Association (Community Based Bakery) 30 560,000.00
Total 60 1,042,110.00

The project was under the Micro-development track (MD)- Seed Capital Fund (SCF) and Cash for Building
Livelihood Assets Fund (CBLAF) under 2020 SLP General Appropriations Act (GAA).

The LGU initially organized the potential program participants to receive the livelihood assistance while DSWD-SLP conducts the final assessment and validation as to the qualified program participants who can avail the livelihood assistance.

LGU Castilla also expressed their support to the SLP projects implemented in their municipality by providing additional funds amounting to Php 62,500.00 and a continuous provision of technical assistance and monitoring of projects with the help and coordination of DSWD-SLP.

MD Track focuses on starting, expanding or rehabilitating micro-enterprise activities. This track includes entrepreneurship, technical – vocational and soft skills training.

Moreover, SCF is a capacity-building grant given to eligible SLP participants to finance the initial operations of their enterprise/s. It provides the participants with financial capital to be able to establish and manage their sustainable microenterprise/s, which should provide a stable source of income, while CBLA modality is implemented through labor-intensive projects executed by program participants to build, re-build, and/or protect natural and physical assets necessary for more profitable, self-sustaining, and self-resilient
micro-enterprises. #PRNPOJ005/31/2021

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