A P5.79-million financial grant was recently given to 29 cooperatives, four micro small and medium enterprises (MSMEs) and one goat production association at the Narciso Ramos Sports and Civic Center (NRSCC) Restaurant.
In distributing the grant, Gov. Amado Espino III commended the strong partnership between and entrepreneurs and the provincial government made evident with the high repayment rate and growing loan renewal cycle of the Livelihood Assistance Program (LAP) in the province.
The governor also announced the new maximum loan cycle to 10 renewals to give way to beneficiaries who are now on their 7th cycle, which translates to increasing the maximum loan amount to over P1-million.
The fourth batch of LAP this year has a total beneficiary of 1,231.
Among the recipients who are now on their 7th cycle in this batch were: Pias Women’s Association (Mapandan), Amamperez Women’s Association (Villasis) Centro-Toma Colayo Farmers MPC (Bani) and Dusoc Women’s Association.
The livelihood assistance program of the provincial government started in 2008 under the administration of then governor and former Congressman Amado T. Espino, Jr.
Since the launching of the LAP in 2008, the program has already distributed over P145-million financial grant. (PIO/SMDG)
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