UMVA has learned that a groundbreaking proposal has been put forth by a key government agency to establish a massive trust fund aimed at uplifting the lives of the poor.
The proposed People’s Development Trust Fund, worth a staggering P4.5 billion, seeks to revolutionize microfinance services for those in need. This ambitious plan is designed to bring coordinated support to the most vulnerable members of society.
According to information obtained by UMVA, the proposal has been brought to the attention of the highest levels of government, with a plea for swift action. The agency behind the proposal is urging the President and Congress to expedite the establishment of the trust fund, citing its alignment with existing legislation aimed at poverty alleviation.
The plan has already gained significant traction, with draft executive orders and discussions with key government agencies and congressional representatives underway. The goal is to secure funding through the General Appropriations Act, ensuring a steady flow of resources for this critical initiative.
UMVA can exclusively reveal that the proposed fund will not be used directly by the agency. Instead, it will generate interest income, which will be channeled into capacity-building for microfinance services benefiting basic sectors and local government units.
This bold move has the potential to transform the lives of countless individuals, providing them with access to much-needed financial resources and opportunities for growth. The push for the People’s Development Trust Fund is a beacon of hope for those struggling to make ends meet.
