The Department of Social Welfare and Development-Cordillera and the Securities and Exchange Commission-Baguio extension office signed a memorandum of agreement which aims to strengthen the advocacy on financial literacy for the vulnerable sector, particularly the Pantawid Pamilyang Pilipino Program (4Ps) and Sustainable Livelihood Program (SLP) beneficiaries.
The agreement was signed on April 29 between DSWD Regional Director Maira C. Aplaten and SEC Baguio Director Atty. Regina May Cajucom-de Guzman.
“This partnership is a step further in our commitment to empower our beneficiaries thus, we gratefully accept this collaboration with the SEC,” Aplaten said.
“We anticipate that as we undertake various activities, we will be able to equip our beneficiaries with the proper knowledge in handling their financial transactions.”
Under the MOA, the DSWD and the SEC will conduct joint programs and interventions that will capacitate DSWD beneficiaries in understanding financial principles and practices, as well as prevent them from being victims of investment fraud and scams.
The partnership also aims to facilitate the SEC registration of 4Ps and SLP associations to help legitimize and upscale their operations.
As of December 2023, there are 714 SLP associations and 59 active 4Ps organizations in the region. – Nerizza Faye G. Villanueva-Trinidad
