Metrobank to give P500 T for 57/75 educ'l drive
Metro Bank Foundation will give P500,000 as donation to the 57/75 educational campaign to improve the performance rating of different elementary schools in the city. Initially, the donation will fund the program for the 10 public elementary schools here.
Mayor Jerry Treñas said the Metro Bank Foundation has already committed P500,000 for the educational campaign. The amount will be spent to purchase instructional materials for the elementary pupils.
Metro Bank Foundation is the first foundation to commit financial help to the 57/75 program. Earlier, Zuellig Pharma pledged to help the campaign but it was not yet known how much fund they will provide.
The chief executive is expecting more help from the community in order to uplift the performance rating of the elementary pupils specifically in the National Achievement Test (NAT). There are 10 elementary schools in the city which have poor rating in NAT.
The 57/75 campaign is a national multi-sectoral campaign to reverse the education crisis towards system-wide performance improvements through a focused private sector intervention and community action.
The 57/75 campaign goal is to decrease the dropout rates, improve reading proficiencies and improve achievement rates. In Iloilo City, the percentage for the high school dropout is 12.4 and 1.97 for elementary. The percentage for retention in the elementary school is 94.95 and 86.5 for secondary or high school level.
The 57/75 campaign started July this year and they have six pilot areas located in the different parts of the country. The same campaign is not to create a few superstar students but to assist the broad mass of students and schools around the country.
Under the 57/75 campaign, the national consortium will look for funds essential for the realization of their three goals. The funds will be spent in school feeding, workbooks in reading, math and science and same time re-align their existing program with the three goals of the consortium.
The 57/75 National Consortium is composed of the Ateneo Center for the Education Development, Foundation for Worldwide People Power, Synergia Foundation, League of Corporate Foundations, Philippine Business for Education and Philippine Business for Social Progress.