CITY OF SAN FERNANDO - The Provincial Cooperative and Entrepreneurial Development Office (PCedo) has pushed for countryside development by empowering small business owners.
This came as PCedo through Governor Lilia Pineda distributed loan assistance under the Negosyu king Panyulung Program (NPP) amounting to P1.9-million to some 215 beneficiaries in the province.
The beneficiaries came from district III, III and IV of the province.
PCEDO head Mamerto Gatus told the beneficiaries that NPP is aimed at providing them oppurtunity to start their own small business.
Gatus recognized that local economy depends on small economic activites wherein majority of the Kapampangans are relying on it.
He noted that 94 percent of the economy depends on them.
"We can say that backyard enterprises is the backbone of the economy that is why we have to create programs supporting this sector,"he said.
Tthe livelihood program offers loan 5,000-10,000 without interest and collateral only to those who are deserving and needy.
It is payable in 6 to 10 months and renewable.
Luningning Vergara,provincial manager of public employment services office (PESO) added some of the NPP benficiaries especially ambulant vendors were also given Nego-Kart as per governor's instruction.
"Aside from capital,we assessed our beneficiaries and picked those who needs cart for their business,"she said.
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.
Present during loan distribution were Mayors Jun Tetangco (Apalit), Ric Rivera (Guagua), Board Members Olga Frances "Fritzie" David-Dizon, Nestor "Bay" Tolentino, Ricardo Yabut, Salvador Dimson, Councilor Tonton Torres and certain Arthur Salalila.
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