Capitol releases P4.6-M loan to 12 coops-A A +A
Monday, January 20, 2014
GOVERNOR Arthur Defensor Sr. released on Monday a total of P4.6 million to 12 cooperatives that have qualified for the Provincial Livelihood Project Fund (PLPF).
Six of the 12 cooperatives are new beneficiaries of the project while the other half was renewal applicants.
The new beneficiaries are: Sothern Iloilo Area Multi-Purpose Coop. (SIAMPC) based in Oton, which availed itself of P500,000 loan; Kooperatiba Naton based in Tigbauan with P500,000 loan; Tubungan Multi-Purpose Cooperative Inc. based in Lambunao with P100,000 loan; Leon Business Club based in Leon with P200,000 loan; St. James the Greater Cooperative based in Maasin, Iloilo with P100,000 loan; and San Enrique Multi-purpose Cooperative based in San Enrique with P200,000 loan.
The cooperatives that availed themselves of another loan of P500,000 each are: Pepsi Cola Employees Multi-Purpose Cooperative based in San Miguel, Badiangan Officials and Employees Multi-purpose Coop., San Julian Multi-Purpose Cooperative based in Badiangan, Maasin Kawayan Multi-purpose Cooperative, Banate Multi-purpose Cooperative, and NIPSC Multi-purpose Cooperative based in Estancia.
All of the recipient cooperatives have complied with the requirements set by the Provincial Livelihood Secretariat to avail themselves of the loan.
PLPF was established by Governor Arthur Defensor Sr. to help legitimate and qualified cooperatives in the province by providing them with soft loan.
Defensor said the Province still has P15 million in its Livelihood Trust Fund, which could be loaned to any interested cooperatives at a very low interest rate. (PR)