CV cooperatives get more aid from Cayetano

CEBU, Philippines - As part of his campaign to discourage small-time cooperatives from borrowing money from loan sharks that charge high interest rates, Senator Alan Peter Cayetano distributed more than P800,000 to four cooperatives in his two-day visit to Cebu and Bohol.

The latest group to have received financial assistance amounting to P87,000 was the Women’s Association in Barangay Lorega, Cebu City.

The said amount, which Cayetano personally turned over yesterday, will be used for the construction of a livelihood center in the said barangay.

Last June 20, Cayetano was also in Barangay Lorega after it was hit by a fire. He gave out P125,000 as seed capital for the said association.

Cayetano and his wife, Taguig Mayor Lani Caye-tano and celebrity Shaina Magdayao, also gave health assistance and school supplies to 350 kids in the same barangay.

Early in the morning yesterday, the senator went to the towns of Loon and Maribojoc in Bohol pro-vince.

Cayetano gave out P100,000 livelihood assistance to the Maribojoc Market Vendors Association, another P75,000 to the Loon South and North Tricycle Operators and Drivers Association and  an additional P50,000 to the Loon Women’s Association, which previously  received P100,000 from the senator.

After Bohol, Cayetano proceeded to Oslob town in Cebu and gave P100,000 for its tourist association.

In his first day of visit here, Cayetano likewise gave financial assistance amounting to P150,000 to the Bogo Land Transportation Federation in Bogo City.

The senator then proceeded to Sta. Fe town and gave P200,000  to the Santa Fe Tourism Enterprise Association (SaFeTEA).

The said amount provided will be used as seed capital for micro-finan-cing for market vendors, habal-habal drivers, kuliglig drivers, and tricycle and trisikad dri-vers, who are members of SaFeTEA.

Dubbed as the “Kontra 5-6 Program,” the senator’s program is part of his Presyo, Trabaho, Kita (PTK) program, which he launched during his 2013 re-election campaign in the hope of addressing problems related to high prices of goods, lack of jobs, and low income. (FREEMAN)