Cayetano extends livelihood aid to farmers-A A +A
By JM Agreda
Monday, December 16, 2013
SENATE Majority Floor Leader Alan Peter Cayetano extended zero-interest grants to strawberry farmers and vegetable traders at the La Trinidad Trading Post Friday afternoon.
Cayetano told reporters they have chosen two beneficiaries, La Trinidad Farmer’s Association and the Strawberry Farmer’s Association, to benefit from his Kontra 5-6 program.
The senator said the 5-6 scheme often extended by loan sharks to vegetable traders and farmers do not help farmers and vendors to earn for their family as most of the money earned often goes to payment of interests.
He stressed farmers and vendors must not be further discouraged to pursue business ventures by these loan schemes.
Without the Priority Development Assistance Fund, Cayetano said his office sourced the funds from companies offering microenterprise grants to associations and organizations wanting to improve their earnings.
The senator stressed even without the PDAF, senators could still extend assistance to marginalized groups by acting as links to legitimate microfinance institutions.
He added poverty alleviating projects needed by the countryside may also be endorsed by lawmakers to line agencies.
Cayetano arrived at the La Trinidad Vegetable Trading Center with his wife Taguig City Mayor Lani Cayetano, Benguet Representative Ronald Cosalan and La Trinidad Mayor Edna Tabanda.
Published in the Sun.Star Baguio newspaper on December 17, 2013.