15 groups get P1.8 M livelihood assistance
LINGAYEN–Governor Amado Espino Jr. awarded loan checks worth P1.781 million under the Livelihood Assistance Program of the Provincial Government last October 27 to 15 groups involved in small-scale businesses.
Espino said the latest release brings the total amount of loan releases facilitated by the province to P16 M worth of livelihood assistance to women’s groups and cooperatives.
According to Ellsworth Gonzales, livelihood assistance program head of the Provincial Population Office (PPO), the goal of the program is to provide loans as a start-up capital for small-scale industries.
This augmentation measure, she said, will in turn generate additional income and employment that will give the beneficiaries additional purchasing power for better access to basic commodities like food, clothing, shelter and education.
Women’s groups are primary target beneficiaries of the program.
Farmers and those involved in retailing, production, trading and animal raising are also targeted beneficiaries to give them access to loans with a lower interest rate instead of going to loan sharks.
The livelihood associations availed of loan amounts ranging from P60,000 to P170,000.
The credit assistance provided by the province through PPO can be availed of with 4% interest in six months. However, a rebate of 2.5% will be given to the associations in case of payments made before the due date.
The recipients of this month’s assistance program were United Communities Cooperative, Ambuetel Rural Improvement Club, Poblacion East Rural Improvement Club, Pangasinan Women in Ministry Development Association, Inc., Germinal Women’s Association, Malacapas Women’s Association, Poblacion Baito Women’s Association, Sta Maria Women’s Association, Lobong Women’s Association, Sta Cruz Women’s Association, Pugaro Women’s Association, Caaringayan Women’s Association, Tabuyoc Women’s Association, Victorious Women’s Association, and Satellite Angel Women’s Association.
The number of beneficiaries now stands at 132 organized groups and 13 micro-entrepreneurs with 2,954 total individual beneficiaries.
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