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Some CCT beneficiaries pawn DSWD cards in Bacolod

MANILA – The Department of Social Welfare and Development (DSWD) has confiscated dozens of cash cards meant for beneficiaries of the government’s conditional cash transfer (CCT) program in Bacolod City.

The DSWD said it discovered that 67 cards had been pawned by beneficiaries in Barangay Banago to local money lenders.

Eight cash cards had also been pawned in Barangay 35.

The DSWD said it is now preparing to conduct a spot inventory of cash cards given out, noting that the agency does not know yet if the same practice is being done in other areas.

Under a loan, the cash cards are given up as collateral for any amount of cash with a 30-percent interest rate.

The loan is payable in two months.

Family beneficiaries of the Pantawid Pamilyang Pilipino Program receive monthly dole-outs from government. In return, they are required to send their children to school.

Negros Occidental has more than 126,000 CCT beneficiaries, 11,200 of whom are in Bacolod City. — Report from Mitch Lipa, ABS-CBN News Negros; ANC

Read more here:
Some CCT beneficiaries pawn DSWD cards in Bacolod

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