Livelihood loan project gets P39-M

    289
    0
    SHARE

    CITY OF SAN FERNANDO – The provincial government has allotted at least P39 million for its loan assistance for livelihood projects benefitting 5,030 small traders in Pampanga as of last week.

    This, according to Mamerto Gatus, head of the Provincial Cooperative and Entrepreneurial Office (PCEO), who joined Gov. Lilia Pineda in the distribution of assistance to 215 beneficiaries in Lubao town on Friday.

    The latest beneficiaries of the Negosyo king Panyulung Program (NPP) included persons with disabilities (PWDs).

    Gatus said Pineda had initially allotted P10 million for NPP which increased to almost fourfold in less than two years.

    “It’s a very good program pushed by the governor. Many are benefitting, notably those who really deserve the assistance,” said Gatus in the dialect whose office turned over P1.9 million with Pineda at the Lubao Gym.

    They were joined by Board Members Trina Dizon, Nestor Tolentino, Olga Frances “Fritzie” David-Dizon, Ric Yabut, Salvador Dimson Jr., Guagua Councilor Tonton Torres and former Sta. Rita Mayor Arthur Salalila.

    Gatus said the loan assistance is payable in six months to one year at no interest. He added that the loan ranges from P5,000 to P10,000 per person.

    Pineda, in her speech, urged the beneficiaries “to make the most of the assistance.”

    Georgia Del Mundo of Cangatba, Porac said “it’s indeed a big help.” She added that she used to get her capital from loan sharks, reducing her opportunity to earn more.

    “I wish the governor would start more projects that can help the poor who want to rise from the bondage of poverty,” said Del Mundo in the dialect.

    Pineda also turned over “Nego-Kart” to some of the NPP beneficiaries who are vendors.

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here