CITY OF SAN FERNANDO –
The provincial chief executive yesterday bared that she planning to double
funds intended for livelihood assistance
under the “Negosyo
King Panyulong Program (NPP).”
This came as Governor
Lilia Pineda overwhelming gained the support of the Kapampangans last election
which sealed her second term in office as such.
Currently, the Provincial Cooperative and
Entrepreneurial Development Office (PCedo) headed by Mamerto Gatus acting upon
the instruction of Pineda provided loan assistance to small and medium entrepreneurs
in the province amounting to some P44-million.
The loan assistance has
been given by the provincial government as a start up capital for the initial
establishment of community business by the qualified beneficiaries.
Of the P44-million loan
assistance given, PCEDO was able to collect at least P38-million making its
collection efficient and effective for a sustainable program.
From July 1, 2010 to April
23, 2013, the provincial government through NPP served more than 6,000 small entrepreneurs.
Initially, an ordinary
beneficiary is getting a loan assistance of P5,000. However, Governor Pineda
wanted to increase the same to further strengthen the economic activities of
the former.
The governor believed
that the standard of living of the Kapampangan will be improved if they will be
given the opportunity to grow with support coming from the local government
units and other attached agencies.
NPP is a socialized
lending program which serves as capital or additional capital to the economic
activities being undertaken by the marginalized sector in a given community.
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