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Araullo High School Batch 1972 Alumni has started a Livelihood Assistance Program (LAP) to provide assistance to
batchmates who need start-up or additional capital for their small business.  This program was initiated by Ric Pinca
and supported financially by his fellow 1972 alumni both locally and internationally.

The assistance is open only to Araullo High School Class 1972 who are unemployed/under-employed or self-employed
but not earning enough

With a donation of P40,000.00 from various batchmates, the program is ready to provide a maximum P5,000.00 capital
assistance each to eight (8) batchmates at its initial implementation.  Additional batchmates who need capital will be
helped soonest the fund is reimbursed or an increment of P5,000.00 is paid back to the fund.

The loan is payable in six months, with no interest, no collateral.  Payments shall be in installment of P1,000 a month
with one month grace period from date of receipt of the funds.

Loan recipients who are able to pay their loans completely may borrow the same amount immediately.  Those who do
not complete payment within 6 months are not eligible to borrow again.

Applications is accepted by filling up our ONLINE APPLICATION.

The following committees and officials were designated:

A.   Funds Management Committee

       Functions: Safekeeping and release of Livelihood Project funds

       Members: Rey bautista, Tins Cruz, Tez Corgado

B.   Loan Applications Review Committee

        Functions: Review loan applications Approve/Disapprove loan applications

        Members: Andy Lim (Middle East), Tony Santos (Canada) Tess Calisay (Manila)

C.  Payment Monitoring/Follow Up Committee

       Functions: To follow up loans payment

       Members: Helene Humphrey (Australia), Carlos Sotelo (USA), Ric Pinca (Manila)