28,566 Poor Families Given Livelihood
CITY OF SAN FERNANDO, Pampanga — The Provincial Cooperative and Entrepreneurial Development Office (PCEDO) under the provincial livelihood Negosyo king Panyulung Program (NPP) has released cash loans amounting to P34.31 million which has benefited a total of 28,566 poor households.
Since the NPP was established in 2010 under the leadership of Gov. Lilia Pineda, it has been assisting poor but persevering Kapampangans who want to start their own business.
“The amount of livelihood loan released for the same period of the past four administrations was dramatically surpassed by the releases made during the administration of Gov. Pineda,” PCEDO head Mamerto Gatus said.
Each recipient is given P5,000 to start a small business payable in one year on zero-interest terms and even without collateral. Many of the beneficiaries of the livelihood program are now vendors and sari-sari store owners.
Gatus, citing the PCEDO report, said 29,408,719 or 98 percent of those given a loan totaling P34.3 have already paid up.
Based on the data from PCEDO, the Negosyo king Panyulung Program has registered 113 associations with the Department of Labor and Employement (DOLE) and trained 4,994 Kapampangans on cooperative and entrepreneurial development.
http://www.mb.com.ph/articles/378277/28566-poor-families-given-livelihood#.UIY7yG_MhLQ
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Restaurant@Yats-International.com
(045) 599-5600
0922-870-5178
0917-520-4401
Ask for Pedro and Rechel
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Yats Restaurant & Wine Bar
Mimosa Drive past Holiday Inn, Mimosa Leisure Estate,
Clark Freeport Zone, Pampanga, Philippines 2023
Manila Sales Office
3003C East Tower, Phil Stock Exchange Center,
Exchange Rd Ortigas Metro Manila, Philippines 1605
(632) 637-5019 0917-520-4393 Rea or Chay
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