City Mayor Salvador G. Escalante Jr. turned over the two checks to Tres Andanas Integrated Farmers Association, and Vicentenian Multi-purpose Cooperative, amounting to P100,000.00 and P200,000.00, respectively, last January 6, 2022 at the Cadiz City Hall 2.
According to Sheen Villena, Cooperative Development Officer, the fund for Tres Andanas is a livelihood financial loan assistance given by the city government to help finance its swine production project at Purok Nakar in Brgy. Magsaysay.
While the proceeds of the loan assistance for Vicentenian Multi-Purpose Cooperative will be used to provide its members with initial capital for business as their micro-lending project.
The source of fund was taken from the 20% Internal Revenue Allotment (IRA) as financial support to cooperatives and associations within the city.
Among those who witnessed the occasion were Chairman Hermei Tingson Lumacao of Tres Andanas Integrated Farmers Association (TAIFA) of Brgy. Magsaysay, Chairman Joenel D. Coros of Vicentenian Multi-purpose Cooperative (VMPC) of Brgy. Zone 2, and a representative from the City treasurer’s Office./*