4Ps beneficiaries pawn ATM cards

The conditional cash transfer or the Pantawid Pamilyang Pilipino Program (4Ps), the government’s centerpiece program to address poverty, has been lauded by various sectors because of the social and economic benefits reaped by its beneficiaries.

However, there have been reports that a number of beneficiaries have been pawning their Automated Teller Machine (ATM) cards to loan sharks in their desire to get their cash stipends early.