Cayetano aids pony boys

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Monday, March 10, 2014

THE campaign trail for the 2016 presidential elections is still two years away but Senator Alan Peter Cayetano is determined to plant the seeds early in his favor.

This as Cayetano spent his third visit in the Summer Capital for 2014 with Wright Park Pony Boys Association giving them P100,000 initial aid to initiate a loan program as part of his Kontra 5-6 campaign.

Cayetano said the initial grant to the pony boys is part of the P2.5 million funds coming from the private sector which he pooled to prove his Kontra 5-6 program will encourage microfinance initiatives in the informal sector.


Through the initial grant, he stressed, pony boys will no longer secure funds from loan sharks, particularly those with high interest terms, which overburden the Filipino working class.

The Senate Majority Floor leader promised additional funds if the project becomes a success in one to three months.

More than 100 members of the Wright Park Pony Boys Association will benefit from the livelihood.

Association vice president Jerry Maranes stressed they will have to carefully plan the mechanisms for the loan program.

He disclosed the grant will initially be placed in their bank account until a mechanism is finalized among members of the association and Cayetano’s office.

This is the third time Cayetano gave aid in the form of microfinance loans to the informal sector in the region with other beneficiaries including the Baguio Market Vendors Association, strawberry growers and vegetable traders at the La Trinidad Trading Post.

The senator did not deny his intentions to run for the 2016 presidential elections adding he is testing the waters for the programs to benefit the Filipino people such as his Presyo, Trabaho, Kita or PTK program.

Providing a means of livelihood, he said, is more important than conducting caucuses and giving out speeches in places he visits.

Programs, he stressed, will have better outcomes than consultations without assurances given to the people of any action from government.

He stressed continuing the Matuwid na Daan legacy of President Benigno Aquino III, adding an anti-corruption president, is important in continuing the steady economic growth of the country.

The senator also did not leave the area without hitting on his most probable rival, Vice- President Jejomar Binay, whom he alleged as vocal on issues such as the recent capture of businessman Delfin Lee or former President Gloria Arroyo but remains critical of the Aquino administration’s handling of the multi-billion pork barrel scam involving his close allies Senators Juan Ponce Enrile, Jinggoy Estrada and Ramon Revilla Jr.

He said it is important for the next president of the country to have a clear stand in prosecuting corruption cases particularly those on a large scale such as the pork barrel scam.

Published in the Sun.Star Baguio newspaper on March 11, 2014.

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