SECURITY Bank Corp. (PSE: SECB) announced it lent its expertise to contestants of a program by International Care Ministries (ICM), where participating savings groups competed for grants of up to P100,000 to be used as working capital to fund projects and grow their investments.
Members of these savings groups fall under the ultra-poverty category, living on less than P25 per day.
They are formed through the ICM’s poverty alleviation program. The twelve semi-finalists were given a starting fund of P15,000 to begin executing their business plans.
SECB said it extended financial grants of P50,000 to each group. The lender said its participation in ICM’s program aligns with its three pillars of enriching lives, empowering businesses and building communities sustainably.