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PIA Press Release
2007/04/13

Ifugao SEAK continues to eradicate poverty

by Vency D. Bulayungan

KIANGAN, Ifugao (13 April) -- The Self Employed Assistance Kaunlaran Program (SEAK) here has increased its funds through hardwork and dedication to service.

Felisa Dimog, SEA-K President said that from an initial savings of P18,000, it increased to P100,000 as of this year. “We were able to pay back our loan from the government and now we can stand on our own and manage our lending project. We can now grant loans as high as P20,000,” she said.

She said that the project helped them sustain their small businesses where they derive their income for their daily needs at home.

Dimog, who is the President of the association since its organization in 1997, said that the scheme in its lending project coupled with the policies of the association contributed much in the success of the project.

“We pay our loans on a weekly basis so that we will not feel the burden of paying because it will be in smaller amounts unlike when we pay on a monthly basis,” Dimog said.

She added that the association fosters unity, cooperation, dedication to service and punctuality. There is also bible sharing in order to boost their morale and this is very helpful especially when they have problems.

The Kiangan SEA K is a model to other SEAKs in the province. It has 15 members who are mostly market vendors and Dimog said they have plans of expanding membership to those who are interested.

She disclosed that with the assistance of the Department of Social Welfare and Development Office which spearheads the said program, they were able to organize SEAKs in the barangays here.

The SEA Kaunlaran Program is a community-based credit assistance program utilizing people’s organizations to be uniformly called SEA Kaunlaran Associations as credit conduits. The project shall incorporate as its own distinct fundamental feature the concept of self-management and capability building with heavy emphasis on sustainability.

The program aims to improve the capability of the economically active poor to transform their labor resources into income through the creation of micro-enterprises thereby resulting in their socio-economic upliftment above the marginal status.

With stable funds deposited at the Kiangan Consumers Multipurpose and Development Cooperative, Inc. the association expanded its business by selling NFA rice starting August last year.

Dimog bared that they meet every Tuesday and she checks the passbook being kept by the treasurer. She said they will hire a bookkeeper to assist them manage their finances.

Meanwhile, Dimog said that the association spearheaded a clean, green and beautification program at the market area where they also constructed flower boxes. (PIA-Ifugao) [top]

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