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Prov’l LAP extends 0% interest to livelihood loans in 2021

January 8, 2021


“Sa taong 2020, nagbigay direktiba si Governor Amado I. Espino III sa ilalim ng Executive Order 0084 na tinatanggal ang interest ng lahat ng pautang mula noong July at ito ay i-extend pa sa taong 2021 habang may pandemya.”

This was stated by Provincial Population, Cooperative, and Livelihood Development Officer (PPCLDO) Ellsworth G. Gonzales in an interview stating that the Provincial Livelihood Assistance Program (LAP) will extend its 0%-interest loan scheme and collection to its beneficiaries.

The Executive Order No. 0084-2020 imposes the zero interest on loans applied under the Provincial Livelihood Assistance Program during the COVID-19 Pandemic.

In 2020, a total of 144 groups, composed of 113 associations and 31 cooperatives, and 15 MSMEs from the six districts in Pangasinan received a total of P28 Million.

Among the total groups and MSME beneficiaries in 2020 are from District I (31 organizations), District II (39), District III (16), District IV (14), District V (40), and District VI (19).

The aforementioned groups have a total of 5,256 members across the province.

The Provincial LAP, which started in 2008 under the leadership of Former Governor Amado T. Espino Jr., is a supervised credit facility intended to help Pangasinenses to uplift their livelihood and the economy of Pangasinan.

The aforementioned program is also forms an integral part of the Abig Pangasinan, the flagship recovery program of Governor “Pogi” Espino, to stimulate the local economy further and reduce the number of families in Pangasinan who are living in poverty especially during this pandemic

Beneficiaries of the LAP include individual entrepreneurs, micro, small and medium enterprises (MSMEs), start-up businesses, cooperatives, farmer and fisherfolk organizations, women groups, rural improvement clubs, and other community-based associations.

PPCLDO Chief Gonzales also mentioned that organizations and associations should complete the requirements to become beneficiaries of the program. This includes the registration to the Cooperative Development Authority (CDA), Securities and Exchange Commission (SCE) or Department of Labor and Employment (DOLE). Bureau of Internal Revenue (BIR) registration should also be secured.

“Dapat mayroon silang negosyo at existing market na nakikita nating kumikita dahil ito ay isang supervised credit at ang pagpapahiram natin ng puhunan at depende doon sa negosyo, proyekto o income-generating project na kanilang pagtutuunan ng pansin,” said Mr. Gonzales.

Some of the small-scale businesses and enterprises of the loan beneficiaries are: farming and fishing industries including agricultural works, food processing works, and cooperative store operations.

Mr. Gonzales also bared that some products of the Pamanang Yaman, Produktong Pangasinan (PYPP) are also produced by the loan beneficiary groups.

“Sa Provincial LAP, ang pondo natin ay dalawa ang pinanggagalingan. Mayroon tayong annual allocation na exclusively na ipinapautang for livelihood assistance at may exclusive na trust fund na magagamit para sa ating puhunan na pinapahiram. Ito ang pinapaikot natin at isang pamamaraan upang maging mas sustainable ang ating programa para mas madaming kababayan natin ang matutulungan natin,” Mr. Gonzales also said.


/Paula Jhea Sison