Over 50 residents of Pateros City can now start a sari-sari store business as the Office of the Vice President, in partnership with Hapinoy, turns over P540,000 worth of seed capital to the new micro-entrepreneurs.
This was after the new business owners completed a series of financial literacy workshops called “BasiKaalaman” seminar at Pateros Municipal Hall from March until June 2018.
Vice President Leni Robredo on Wednesday, July 25, witnessed the turnover ceremony at the Pateros Municipal Hall. Also present are Pateros Mayor Miguel “Ike” Ponce III, Vice Mayor Gerald German, and Hapinoy President Mark Ruiz.
The OVP provided seed capital worth P10,000 to 25 of the sari-sari store owners who participated in the training. This was made possible through the OVP’s livelihood subsidy initiative last 2017. Meanwhile, Hapinoy and other donors gave P10,000 capital for each of the remaining 29 participants.
Pateros is one of the five areas under the Office of the Vice President’s Angat Buhay program that will receive training from the OVP and other partner organizations.
The financial literacy workshop will also be given to residents in Caloocan City, Malabon City, Marikina City, Muntinlupa City and Pasay City—all among the pilot areas of the OVP’s Metro Laylayan program.
In her remarks, VP Leni lauded the determination of 54 residents who successfully finished the training.
“Mayroon pong kakarampot na pondo iyong opisina namin para sa pagtulong. Ayaw po namin iyong tulong na pagkatapos ng ilang araw, ubos na, ano. Kaya iyon pong aming karampot na puwedeng itulong, gusto naming itulong sa negosyo para kahit kaunti siya, kayang palaguin,” VP Leni said.
“Kaya ibibigay namin ito na graduate na kayo kasi kampante na kami na mapupunta sa mabuti,” she said.
The small business workshop taught the owners how to manage their capital and savings to make their livelihood sustainable.
They were trained on the three-month “BasiKaalaman” seminar, which requires participants to complete six modules, including Financial Literacy, Leadership, Basic Research Market, Business Continuity Planning, Disaster Preparedness, and Family Dynamics and Development.
“Maraming, maraming salamat sapagkat binigyan niyo po kami ng karagdagang kaalaman tungo po sa pag-unlad ng ating munting negosyo. Dahil po sa training niyo sa amin ay natuto po kami kung paano mangarap at kung paano ma-handle ang aming mga negosyo,” Cherimel Abarquez, one of the graduates, said during the program.