The DBP starts to HELP
Published by the Visayan Daily Star Publications, Inc.
|NINFA R. LEONARDIA|
Editor-in-Chief & President
NIDA A. BUENAFE
MAJA P. DELY
ANTONIO L. LEONARDIA|
When one comes to think about it, there seems to be something wrong in the fact that the Development Bank of the Philippines has decided to come up with what it calls the HELPS project only now. How did the DBP, the financial institution supposed to play a major role in the development of the country, have failed to adopt this program in all the more than 50 years of its existence?
Some time in the 1960s, the DBP had adopted the slogan and called itself “The Bank that Builds the Nation”. This was chosen after a contest held nationally, and was believed then to best express the role of the bank in the building of this country.
Since it was established it pre-World War II days as the Agricultural and Industrial Bank, renamed as the Rehabilitation and Finance Corporation after the war, and eventually as the Development Bank of the Philippines, the institution had succeeded in its various goals by funding the establishment of industries, agricultural projects, business, and so many other projects all contributing to the development of the country.
But the one thing that it has obviously not given much attention to was the education of the youth, especially those who come from low income or under-privileged families who can not afford to give their children the opportunity to acquire higher education.
That is very unfortunate, because, as a well-known television company often stresses “The most important natural resource of a country is its people”. Aren’t our youth to be considered the resources who kill carve out our future?
That is why, the DBP’s new plan to provide P2 Billion to be loaned to poor but deserving students through their schools must be promptly implemented if it is to serve our people as soon as possible. HELPS is supposed to stand for Higher Education Loan Program for Students.
Thousands, maybe millions of our students need HELP, and soon. They make up the resource our country banks on, that the DBP should help, too, if it is to live up to its name.*