P34M out for livelihood program-A A +A
Thursday, October 18, 2012
CITY OF SAN FERNANDO -- The chief of the Provincial Cooperative and Entrepreneurial Development Office (PCEDO) bared Wednesday that more than P34-million has been released by the Provincial Government to qualify beneficiaries in various livelihood projects particularly under the Negosyo King Panyulung Program (NPP).
PCED)chief Mamerto Gatus said they were providing economic opportunities to the marginalized sector in all towns in the province.
He explained that beneficiaries were given P5,000 each as a financial loan to start a small business, which in turn would create economic activity enough to support their family needs.
“The loan is payable in one year, with no collateral and zero interest,” Gatus noted.
“As early as the first 21 months since Pineda assumed office, she has surpassed four other governors before her time by 200 percent in terms of livelihood assistance to Kapampangans,” he told Sun Star Pampanga in an interview.
The PCEDO chief also claimed that the percentage on loan collection already reached 98 percent, amounting to more than P29 million to date.
“Bukod dyan maganda rin yung collection natin kung kaya’t marami pa sa ating mga kababayan ang pwedi pa nating pautangin para makapag negosyo,” Gatus added.
Recently, Gatus, in a ceremony held in Cagayan de Oro, received an award for best provincial cooperative in the region following the success of the implementation of livelihood projects in the province.
Gatus said Pampanga is the only province in Central Luzon to have a successful livelihood program.
NPP is a socialized lending program which serves as capital or additional capital to the economic activities being undertaken by the marginalized sector in a given community.
Some of the NPP livelihood beneficiaries are the associations of Apung Maria in Sta. Maria, Macabebe; San Esteban, Macabebe; SMAC in Sta.Monica, Sta. Rita; Monicanians in Sta.Monica, Lubao; San Antonio in San Antonio, Guagua; Lucian in Sta.Lucia, San Luis; Rosarian in Sto.Rosario, San Luis; Mother’s Club in San Isidro, Magalang; Christ the King in Sapang Maisac, Mexico; and Samahang Katapat in Babo, Pangulo, Porac among others. (Herbert P. Mapiles)
Published in the Sun.Star Pampanga newspaper on October 18, 2012.