The Faculty of the College of Business and Accountancy
Liceo de Cagayan University
Of the Requirements for the Degree
Bachelor of Science in Business Administration
Major in Financial Management
Chestie Marie Ragmac
This thesis entitled “RECOVERY OF LOSS LIVELIHOOD IN DEVASTATED AREAS IN BARANGAY MACABALAN: POST TYPHOON SENDONG INTERVENTION” prepared and submitted by Marjorie Ganub, Hassin T. Escalante, Rowena Vallon and Alikhair Comayog in partial fulfillment of the requirement for the degree of BACHELOR OF SCIENCE IN BUSINESS ADMINISTRATION, has been examined and recommended for acceptance and approval for oral examination.
DR. ASTER AKUT-DAAN
PANEL OF EXAMINERS
Approved by the Committee on Oral Examination with the grade of
ATTY. LEO PAOLO L. PEREZ, CPA, MM
DR. GENARO V. JAPOSDR. JOFI VALDEHUEZA-MAHILUM
Accepted and approved in partial fulfillment of the requirements for the degree of BACHELOR OF SCIENCE IN BUSINESS ADMINISTRATION.
MRS. SHERLITA M. BARRUN, MM
ATTY. LEO PAOLO L. PEREZ, CPA, MM
Dean College of business and Accountancy
It was a test of faith. Never were the Kagay-anons expecting that such a violent storm which hit the City of Cagayan de Oro, would kill their loved ones, and eventually their livelihood. Typhoon Washi, popularly known as Sendong which struck the Northern part of Mindanao on the early hours of December 17,2011 not only destroyed the city physically but as well as washing away devastatingly the social, political and the economic faiths of the city. The effects of heavy rains in the evening of 16 December until early morning of 17 December, the high tide occurrence and the debris into the river worsened the force of flash flood that impacted the catastrophe (National Disaster Risk and Management Center, 2012). People were sleeping around 2:30 a.m. when the flash flood strikes fierce fully resulting to a haunting tragedy which recorded a death toll of 674 in Cagayan de Oro according to the Final Report on the Effects and Emergency Management re Tropical Storm “SENDONG” (Washi) prepared by the National Disaster Risk and Management Center (10 February 2012). Barangay 17, within the prior area of Cagayan de Oro City was one of the areas severely hit by the catastrophic phenomenon, and obtained the greatest share of recovery support. Sustenance and rehabilitation figures are roughly in line with the region–wide numbers. Hundreds of organizations, agencies and thousands of people from all walks of life all over the world share anything that they could give heartily, might be as in cash, in kind, service, and even in thoughtful concerns expressed through social media like Facebook or Twittter in helping to rebuild shattered communities among the 41 City barangays affected by the typhoon. Billions, translated from different currencies to pesos were commended, making this the largest post disaster recovery and extension undertaking commenced for the last 12 years in the Philippine history due the highest number of casualties and damages (CALONZO, 18 December 2011), City government provided financial assistance ranging from Php 2,500 to 9,000 for each family reliant on the amount of damage and has a significant figure of Php6, 885, 000 as financial aid to each family. Estimated damage of 10000 received financial assistance amounting to 2500; 20000 to 35000 received Php3500 ; Php 35000 to 6000 worth of damage received Php 4,500 ;...