ShipMoney, an international maritime payment solution provider, launched a new initiative: ShipMoney Cares.
“As a company, it’s very important that we give back to the community that supports us," said Stuart Ostrow, President, ShipMoney. "Together with ISWAN, we will be able to make a real difference in the lives of seafarers who need a helping hand.”
The initiative will officially launch on November 18th at the Crew Connect conference in Manila and will be available to seafarers and their families -- including parents, spouses, children, and siblings -- who can demonstrate that they or their family are experiencing some form of hardship that impacts their livelihood or income. ShipMoney Cares will be managed by ISWAN and is designed to provide one-time financial grants to seafarers in need, which could include medical or educational support. ShipMoney along with its strategic remittance partners will make a sizable annual donation to the program. There is a maximum grant of $500 and seafarers can apply once a year.
“This initiative will provide a welcome safety net for seafarers in the Philippines," said Caitlin Vaughan, Project Manager, ISWAN. "It differs from our other welfare funds because it is for basic individual grants of $50 - $500."