DOF ‘Project FIRE’ seminars held at NGC
Bacolod City under Mayor Evelio Leonardia hosted the Capacity Building Seminar and Lecture Series on Financial Literacy with Savings Advocacy and Micro-Finance in line with the Financial Independence for a Robust Economy (FIRE) Project of the Department of Finance at the MassKara Hall of New Government Center, recently.
This nationwide capacity building project is in line with the vision to have a strong economic growth with equity and productivity in support of the administration’s Comprehensive Livelihood and Emergency Employment Program (CLEEP).
Department of Finance Assistant Secretary and CLEEP National Focal Person, Ma. Eleanor F. Dela Cruz said that this is an opportunity for learning and improving basic knowledge in finance, to help get into an intended destination to be financially independent as individual and as an organized unit.
Project “FIRE” aimed to facilitate the flow of funds from financial institutions to targeted beneficiaries through capacity building, and sharing/dissemination of information, and closer interaction between the sources of funds and loan beneficiaries.
As part of the capacity building activity, fundamentals of personal finance was introduced. The activity focused on how to access resources by bringing loan officials/staff face to face with potential users of loans. This also helped in creating opportunities for matching users with lenders to fast tract the mobilization of resources, and generation of more business and livelihood opportunities.
The project had a maiden launching in Cebu City in May 2009 and in Dumaguete City in June 2009. As the steward for the Panay Provinces, more particular Negros Oriental and Negros Occidental, the Department of Finance carried the project. The Secretary of Finance Margarito B. Teves led the launching during the commemoration of the 111th Philippine Independence Day in Dumaguete City.
