More than 220 cooperatives and organizations composed of farmers, vendors, fishermen, public utility vehicle drivers and small scale workers nationwide have benefitted from the Presyo/Trabaho/Kaayusan (PTK), which provides easy access capital to small entrepreneurs.
The PTK program was initiated by House Speaker Allan Peter Cayetano in an effort to address the lack of access to capital to start and sustain the businesses of micro, small, and medium enterprises.
Baguio-based cooperatives are among those that benefited from the PTK grant among of which are the Sariling Sikap Association of Strawberry Farmers, La Trinidad Vegetable Trading Post Multi-purpose Cooperative, Baguio Market Plaza Cooperative Multipurpose (Bamapcom) and Wright Park Pony Boys Association.
Cayetano lauded the officers and members of the Baguio-based cooperatives and associations for being among “most active and successful” since they started to join the program five to six years ago.
“We have started this program to protect the Filipino entrepreneurs from falling into the trap of being indebted to loan sharks or what is popularly known as 5/6 in the Philippines,” Cayetano said.
Bamapcom Manager Myrna Aquino expressed her gratitude to Cayetano for the opportunity provided by the program to their cooperative.
Arnel Cayatoc, manager of the Wright Park Pony Boys Association, cited the difficulty in getting loans from banks and other formal lending institutions so they welcome the grant provided by the PTK program.
Among the most successful PTK beneficiary-organizations in other areas of the country include the Cebu City United Vendors Association, New Pritil Market Credit Cooperative (Manila), ASFERJODA (Angeles-San Fernando Jeepney Operators Drivers Association) – (Pampanga), Boracay Public Market Vendors Association (Aklan), Concepcion-Angeles Jeepney Group – (Tarlac). – PIO release
April 25, 2024
