• DoF enjoins state-run lenders to adopt schools

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    The Department of Finance (DoF) has committed to involve state-run lenders Land Bank of the Philippines and Development Bank of the Philippines (DBP) in encouraging Filipino students to undertake entrepreneurial outreach projects for marginalized sectors by making these institutions adopt schools that have programs for student-led community development initiatives.

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    In a statement on Friday, Finance Secretary Carlos Dominguez 3rd said these schools cover those that are involved in programs initiated by Enactus Philippines, a non-profit organization inspiring university students to carry out community development projects that generate jobs and incomes for society’s underprivileged sectors.
    “Enactus involves 47 colleges and universities in the Philippines, and we will respond positively to Joey’s [Enactus Philippines Chairman Jose Leviste] request that the Landbank as well as the DBP adopt a school in each of the areas where they have branches.

    This reach of Enactus is very impressive for such a beneficial undertaking,” Dominguez said.

    Across the globe, Enactus has established a presence in 36 countries and involves over 1,600 colleges and universities, according to the Finance department.

    Dominguez said the future involvement of Landbank and DBP in Enactus’ efforts can be patterned after the Foundation for Development Through Education Inc. (FDTEI) that he set up in the late 1990s to provide college scholarships to lumad (indigenous Filipinos) and Filipino Muslims in Mindanao while encouraging them to serve their communities.

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