VILLASIS — The ‘Angat Pangkabuhayan Project 2017’ of the municipal government already benefitted 252 small-scale business entrepreneurs on Oct. 25.

The program, a brainchild program of Mayor Nonato Abrenica, was launched last March that aims to provide financial assistance to small-scale business owners in Villasis with zero-interest.

A total of P1,929,000.00 have so far been distributed to 234 beneficiaries: the earlier batches received from P7,000 to P8,000 each, while the 18 new beneficiaries received P5,000.00 each.

This program‘s lending scheme requires beneficiaries to remit daily for a period of 100 days without interest.

In an earlier interview with the mayor, he said that before President Duterte could formally launch his program to stop 5-6 lending scheme that victimizes lowly vendors, this town has already launched its own project, offering loan to them at zero interest.

The program initially offered P5,000 loan to small-scale vendors in the town public market and at the Bagsakan market.

A market collector goes around collecting daily payments of P50 only from the project beneficiaries until loan is fully paid, the mayor said.

The beneficiary is required to pay P50 daily until he or she finishes paying P5,000 loan.

The “Angat Pangkabuhayan Project 2017” has an initial funding of P2-million to bankroll the program under the mayor’s social welfare budget. It was launched on March 23 “and so far, the payment is okay”, Abrenica said.

“Everything is going fine,” he added.

Abrenica said, “We may not be a rich municipality but we want to be the most livable and citizen-friendly municipality.”

Villasis is a first class municipality and is known as the Vegetable Bowl of Pangasinan which also gained popularity through its Talong (Eggplant) Festival, another brainchild of Abrenica. (Eva Visperas)

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