Palawan cooperatives receive financial aid

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PUERTO PRINCESA CITY: In a bid to further strengthen “cooperativism” in Palawan, the provincial government is set to award financial support to two more cooperatives under the loan assistance program that is implemented by the Provincial Cooperative Development Office (PCDO). PCDO Officer Victoria Ladica said the San Vicente Employees Multi-Purpose Coopaerative (SVEMPC) and the Coron School of Fisheries Multi-Purpose Cooperative (CSFMPC) will be awarded loan assistance on May 31 through the Livelihood Credit Assistance Program (LICAP). The SVEMPC will be awarded P100,000 to expand its consumer’s store and lending program. The CSFMPC, on the other hand, will receive a loan assistance of P500,000, through the SULONG or Sustained Livelihood Opportunities and Growth program. The loan assistance will also be used to enlarge the operation of its canteen and its consumer’s store. Ladica said that two more cooperatives undergoing the PCDO’s validation for loan application also stand to receive loan grants still under LICAP. These are Butil Multi-Purpose Cooperative in the northern town of Taytay and the San Vicente Market Vendors Multi-Purpose Cooperative.

PNA

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