P1.2-M seed fund for new, old SEA-K released

SOUTH COTABATO The provincial government here has formally released a total of P1,175,000 of capital seed fund to four identified associations which includes three Level 1 and one Level 2 groups under its Self-Employed Assistance Kaunlaran (SEA-K) program on November 7.

The recipient associations includes Pag-ibig SEAK Association of Barangay Zone III, Koronadal City whichreceived P260,000; MCF-RICLA SEA-K Association of Silway 8, Polomolok and Small Business Women SEA-K Association which received P250,000 each; and Survivor Savings SEA-K Association of Brgy. Lumakil, Glamang which received P415,000.

Meanwhile, the provincial government is set to release another round of capital seed fund assistance to Sweet Nature SEA-K Association of Palo 19, Tampakan, a Level 1 beneficiary, this November 15, Bobby Salanio, Provincial SEA-K Coordinator said.

Salanio added that they are now processing the following fund assistance to the following Level 1 and Level 2 beneficiary associations:

Level 1: Daisy SEAK Association of Brgy. Magsaysay, Polomolok (P350,000), Small-scale Tilapia Operators SEA-K Association of Poblacion, Lake Sebu (P260,000), Muslim Women SEA-K Association of Koronadal Proper, Polomolok (P150, 000);

Level 2: Golden Lady SEA-K Association of Brgy. Mambucal, Koronadal City (P370,000) and Tupi Fruit Park SEA-K Association (P375, 000).

SEA-K is a program under the office of the Provincial Social Welfare and Development Office (PSWDO) that helps small business owners jumpstart their chosen businesses by providing capital seed fund which they have to return to the government, without interest, within two years. Frances Kristene Alvero/SCPIO