BY GLENDA SOLOGASTOA
ILOILO City – Sen. Alan Peter Cayetano personally turned over seed funds to the Iloilo City Loop Alliance of Jeepney Operators and Drivers Association (ICLAJODA) at the Ungka-Jaro Terminal here to bankroll a micro-financing mechanism that will offer small loans to members at very low interest and easy payment schemes.
ICLAJODA was the third organization from Iloilo and 35th from the whole country that benefitted from Cayetano’s “Kontra 5-6 Program.”
The project is part of the promises made by the senator during his reelection campaign in 2013 when he launched the Presyo, Trabaho, Kita (PTK) platform aimed at promoting projects that lower the prices of goods, create more jobs, and increase people’s income.
The said lending project allows members of cooperatives, entrepreneur groups and organizations such as the Ungka-Jaro Transport Group more and wider access to capital that they can use to improve their livelihood and increase their income.
Thursday last week, Cayetano met with officials and members of the association at the Ungka-Jaro ITGSI Terminal and handed a total of P200,000.
Also present during the event was Cong. Jerry Treñas, Vice Mayor Jose Espinosa III and Councilor Love Baronda./PN
