Project TULONG of the Beautiful Heart Foundation, Inc.
Project Design
Goal: To provide qualified poverty-stricken beneficiaries a livelihood with which they can earn income.
To provide qualified poverty-stricken beneficiaries a livelihood with which they can earn income.Objectives: To qualify applicants if they meet the criteria for the program.
: To qualify applicants if they meet the criteria for the program.To determine thru consultation what business they will start.
To provide starting capital once a feasible business plan has been reached.
To monitor performance of said businesses.
To collect payment of capital loaned.
Criteria
Beneficiaries must be confirmed to be below the recognized poverty-level in the Philippines.
They must also have no criminal history and have an excellent credit history.
They must be recognized residents of community where they live in.
They must pass initial interview.
Programs Available
Drugstore retailership "Botika sa Barangay" Concept
Livestock raising and dispersal
Tailoring/Dressmaking
Barbershop
Sari Sari Store
Trisikad Driving
Securities
A memorandum of agreement (MOA) will be signed among beneficiaries and the representative of the foundation.
Budget
Seed monies for small scale business is allocated between P3,000-P20,000 depending on availability of the foundation's funds.
Administration
Volunteer member will recommend and this will be approved by the founding president of the foundation.
Monitoring will be done by a representative of the foundation who will drop in from time to time and who understands finances and businesses.
Defaulting
Confiscation of their items or livestock, or remaining commodities. In serious cases, legal actions can be taken.