Image Edited by Soundspider LBP and DBP may provide startup capital for TVET graduates.
The Technical Education and Skills Development Authority (TESDA) has tapped some financial institutions to help the agency assist technical and vocational education training (TVET) graduates who would like to put up a business.
“We have invited the DBP and LBP to partner with us. They would lend our TVET graduates with capital based on their guidelines,” TESDA Learning Development Division chief Noel Cuevas said on Sunday.
By partnering with TESDA, Cuevas said the LBP and DBP may provide startup capital for TVET graduates with inclination to become entrepreneurs.
Cuevas added that other national government agencies also have programs that aim to lend capital for TVET graduates.
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Today, TESDA, LBP and DBP are set to sign a Memorandum of Agreement (MoA) to coincide with the launch of TESDA’s first World Cafe of Opportunities (WCO) — a one-stop shop for job seekers set nationwide on 25 to 26 August.
Other agencies who will partner with TESDA for the WCO are the Departments of Agriculture, Interior and Local Government, Labor and Employment, Public Works and Highways and Trade and Industry. Also included are Overseas Workers Welfare Administration, Philippine Overseas Employment Administration, Cooperative Development Authority, Department of Tourism and the Department of Science and Technology.
Private associations will also sign the MoA with TESDA.
Cuevas earlier said WCO also aims to operationalize TESDA’s JoLiNS (Job Linkaging and Networking Services) program, which helps TVET graduates to find jobs and other scholarships.
The event will connect government and private agencies, as well as financial institutions, to TVET graduates and provide them with employment and entrepreneurial options.
