Official Publication of the Philippine Information Agency Bicol Regional Office, in cooperation with the RIAC-REDIRAS - RDC Bicol

Thursday, February 18, 2016

DOLE Bicol trains program beneficiaries on financial management

LEGAZPI CITY, Feb 18 (PIA) – The Department of Labor and Employment (DOLE) Bicol teamed up with the Regional Tripartite Wages and Productivity Board (RTWPB) to train livelihood program beneficiaries in Camarines Norte on Financial Management.

The participants are Project Management Team (PMT) members of the group livelihood projects in the province enrolled under the Sustainable Livelihood Framework (SLF).

The seven group livelihood projects are Abaca Slipper Making of Guisican Multi-Purpose Cooperative (GMPC), Garments Production of Sta. Elena Agri-fisheries Cooperative (SEAFC), Citronella Processing of Kooperatiba ng Maliliit na Magniniyog ng Barangay Kanapawan (KMMBK), Pineapple and Pili by-products of Daet Food Producers Association (DFPA), Pineapple Beverages of Women and Families of San Lorenzo Ruiz Association (SLRA) and the Jewelry Production of Gold and Silver Makers Association (GSMA).

“They are the officers of the group in which we granted millions if not thousands of livelihood funds. Of course we have to train them on how to handle the group’s money so that their livelihood project will be successful,” DOLE Bicol director and Regional Coordinating Council chairman Nathaniel V. Lacambra said.

DOLE Bicol Camarines Norte provincial office manager Jane Rolda led the training to help the participants in effeciently managing their financial resources.

“We analyzed that most of our group livelihood projects fail due to poor financial management which later would result to financial losses and eventually failure of the entire project.  This training is aimed to prevent this,” Lacambra stressed.

In its goal to create a profitable and sustainable alternative livelihood for Bicolano , thru its multi-million livelihood grants, DOLE Bicol  has extended its services not only in delivering the funds but also in monitoring and collaborating with other government agencies such as this training.

 “We believe that the impact will be greater if government agencies would help each other achieve a common goal. This is the reason why we are forging a strong DOLE RCC here in Bicol to deliver a better and committed public service for the Bicolanos,” Lacambra stated.

The training focused on the basics of accounting, bookkeeping, increasing productivity, business management, preparation of financial statement and marketing with the topics discussed by experts from the RTWPB.        

“Now that we have a concrete grasp of simple accounting, going back to our places of operation we will immediately reconcile our records, check all transactions and prepare financial reports.  In that case, we can determine how our businesses are going,” said a certain participant of the training.(MAL/SAA/DOLE5/PIA5/Albay)

- See more at: http://news.pia.gov.ph/article/view/2571455780461/dole-bicol-trains-program-beneficiaries-on-financial-management#sthash.qiEvDBSM.dpuf

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