Nueva Vizcaya releases over PHP5.6-M livelihood funds

May 15, 2015 10:55 am 

BAYOMBONG, Nueva Vizcaya, May 15 — The provincial government here recently released more than PHP5.6 million livelihood funds as assistance for cooperatives and other business groups in the province.

The release of the livelihood funds was part of the provincial government’s thrust on rural development through the Livelihood Enterprises Development(LED).

“These LED fund recipients have completed the necessary documents and required trainings provided by the Provincial Cooperative Affairs Office and Office of the Provincial Agriculture,” said Governor Ruth Padilla.

Through the LED, PHP.1 million each were given to the following recipients: Patas Multi-Purpose Cooperative (PMPC) with their agricultural inputs venture, Ibung Multi-Purpose Cooperative (IMPC) with their farm inputs business, Amballo South Agricultural Association (ASAA) with their pineapple processing project, Sanguit Women’s Association, Inc (SWA) with their tiger grass production and Villaverde Banana Growers Muti-Purpose Cooperative (VBGMPC) for their taro production.

The provincial government also gave PHP1 million each to the Nueva Vizcaya FLE Corn Growers Association (NVFLECGA) for their corn livelihood project, Villaverde Banana Growers Association (VBGA) with their banana livelihood project, Sanguit Women’s Association(SWA) with their banana livelihood project, St. Patrick Multi-Purpose Cooperative(SPMPC) for their ginger livelihood project and Kasibu Farmers’ Development Cooperative (KFDC).

Amballo South Agricultural Association also received PHP.160 million for their pineapple livelihood project while Malabing Valley Multi-Purpose Cooperative (MVMPC) PHP.185 million for their citrus livelihood enterprise development project.

The livelihood funds were sourced out from the 2013 and 2014 development fund of the provincial government. (PNA)

FFC/SCD/BME

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