TABUK CITY, Kalinga – The Cordillera office of the Department of Social Welfare and Development (DSWD-CAR), in partnership with the City Social Welfare and Development Office (CSWDO) conducted a two-day training on financial literacy and basic accounting for the new beneficiaries of the Sustainable Livelihood Program (SLP).
The activity provided the sustainable livelihood program association (SLPA) participants comprehensive knowledge about the fundamentals and significant principles of business management emphasizing on basic bookkeeping and accounting processes .
Micah Joy Mahener of DSWD-CAR discussed the concept and definition of income statement, statement of cash flow and balance, and liquidation documents. She also shared the difference between needs and wants, the factors affecting money decision making and some tips and things to consider in making a wise decision on money matters.
According to Mahener, these topics which are essential in starting up an enterprise would help the SLP beneficiaries make their proposed enterprise thrive and be sustainable.
Merriam Goyagoy also from DSWD talked about proper facilitation and basic documentation of organizational meetings, and resolution crafting, while Melody Cuyaongan discussed micro-enterprise development.
The participants of this two-day training, held at the North Lane Inn, were the Binnadang SLP Association, Ambayu SLPA, Maranao Umpunga SLPA, Bayanihan San Julian SLPA, Sagat SLPA and Agila SLPA who received their livelihood assistance grant last September 2024 to establish their proposed businesses or enterprises with the continuous guidance and supervision of SLP staff, according to Aida Bermillo, the focal person livelihood program of the CSWDO.
The SLP is a capacity-building program for the identified poor, vulnerable, and marginalized households and communities aimed at providing viable interventions and support to improve the program participants’ socio-economic conditions by accessing and acquiring necessary assets to engage in and maintain thriving livelihoods. By Darwin S. Serion
