Economic Independence – refers to the state of persons with disabilities wherein
he/she is able to enjoy a quality of life that is characterized by autonomy, dignity,
sustainability, full access to resources, services and support likewise provided to the
general population.
Employment – working for another where one gets paid for the labor or services he/she
renders.
Entrepreneurship – refers to the process of putting together and taking control of the
natural resources, human resources and man-made resources to translate them into
production, creation and innovation for economic ventures and job creation.
Goods – refer to all items, supplies, materials and general support services, except
consulting services and infrastructure projects, which maybe needed in the transaction
of the public businesses or in the pursuit of any government undertaking, project or
activity, whether in the nature of equipment, furniture, stationary, materials for
construction or personal property of any kind, including non-personal or contractual
services such as repair and maintenance of equipment and furniture, truckling, hauling,
janitorial, security and related or analogous services as well as procurement of
materials and supplies provided by the procuring entity or such services.
Government Financial Institutions – refer to public enterprise engaged in financial
services such as but not limited to banking and micro-lending.
Government Owned and Controlled Corporations – a government-owned or
controlled corporation is a stock or non-stock corporation, whether performing
governmental or proprietary functions which is directly chartered by a special law or it
organized under the general corporation law is owned or controlled by the government
directly or indirectly through a parent corporation or subsidiary corporation to the extent
of at least a majority of its outstanding capital stock or of its outstanding voting capital
stock.
Livelihood – an economic engagement to achieve a desired end – that of a secure life
where both one’s basic physiological needs and psycho-social aspirations are met and
satisfied.
Local Government Units – refer to political units such as municipalities, cities, provinces
and other political subdivisions as maybe created by law.
Marginalized Persons with Disabilities – refer to Persons with Disabilities who lack
access to rehabilitative services and self-development opportunities to be able to
participate fully in socioeconomic activities and who have no means of livelihood and
whose income fall below the poverty threshold.
Micro-enterprises – refer to any small business activity or enterprise engaged in
industry, agribusiness, and/or services whether single proprietorship, cooperative,
partnership or corporation whose total assets, inclusive of those arising from loans but
exclusive of the land on which the particular business entity’s office, plant and
equipment are situated must have value of not more than Three Million Pesos
(P3,000,000.00). This amount is subject to periodic determination of the Department of
Trade and Industry (DTI) to reflect economic changes.
Microfinance – refers to small credit and savings mobilization program exclusively for
the poor to improve the asset base of households and expand the access to savings of
the poor. It involves the use of viable alternative credit schemed and savings programs
including the extension of small loans, simplified loan application procedures, group