The Southville Global Education Network (SGEN) recently signed several agreements with the Rotary Club of Makati – Salcedo Chapter for the latter to provide funds to support the business ventures of students enrolled in SGEN’s entrepreneurship and capital market and securities programs. The agreements were formally sealed last January 15, 2011 at Bistro Lima of Southville Foreign University, in the presence of Dr. Genevieve Ledesma-Tan, Chief Executive Mentor of Southville International School and Colleges (SISC), Dr. Angelito Dizon, President of Rotary Club of Makati-Salcedo, and Dr. Rhoderick Santos, Chairman of Vulture Private Equity Unlimited, Inc.
Under the provisions of the agreements, SGEN students may avail of short or medium term loans, or venture capital financing, depending on the needs and nature of their project. They may borrow for their projects as much as Php 100,000 for a maximum period of sixty days at concessional rates. Venture capital is available up to Php 400,000. The club shall also provide funds for stock investments up to a maximum amount of Php 5,000 per student. To qualify for assistance, students must submit a duly approved business plan and comply with reporting requirements.
The joint agreements were designed to boost the strong entrepreneurial culture in the SGEN academic community, and encourage students to pursue entrepreneurial activities which contribute to national economic development. The assistance also underscores Rotary Club’s commitment to support entrepreneurship at the school level, and promote students’ awareness of capital markets.
For more information regarding the SGEN Entrepreneurship and Investment Fund, please go to the Special Programs tab of this website and click Capital Market or contact Southville’s Capital Market Learning Center at 826-6906.
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