Microfinance Focus January 28, 2011: The Japanese government has sanctioned a grant of US$ 183,947 to fund South Cotabato’s poverty alleviation program for provision of micro-credit capital and for augmentation of income and poverty alleviation in South Cotabato.
The program will be formally launched on February 1, 2011 at the South Cotabato Gymnasium, under the auspices of the South Cotabato Foundation, Incorporated (SCFi).

“This credit assistance will benefit 930 micro-entrepreneurs from Banga, Polomolok, Tantangan and Koronadal City, all of South Cotabato,” said SCFI Executive Director Belen Fecundo.
She added, “The microfinance program covers provision of savings and credit service for entrepreneurial activities, agricultural production, processing and manufacturing and service providing aimed at expanding and improving livelihood and income-generating activities.”