Issue of September 9, 2018
Mt. Province

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MP livelihood groups get P676 K financial aid
by Jennifer B. Agrifino

Two livelihood interest groups in Mountain Province received the first tranche of livelihood assistance fund from the Scaling Up of the Second Cordillera Highland Agricultural Resource Management Project last Sept. 4 and 5.

The first tranche amounting to P676,884 was released to the E-Padugan Livelihood Farmers Association and the Bogang Babbabae Lalalaki Association.

Each group received P338,442 as first tranche. Both groups will be receiving a total of P500,000 each.

E-Padugan Livelihood Farmers Association will be using the money on free-range chicken raising and marketing, swine raising and marketing, and tomato production and marketing.

Bogang Babbabae Lalalaki Association will be using the money for weaving, chicken raising and marketing, swine raising and marketing, and vegetable production marketing. The two groups were divided into subgroups depending on their chosen livelihood activities.

During the release of the amount, the project beneficiaries, local government units, and community financing institutions were oriented on their roles and responsibilities.

For the subgroups who are into livestock and poultry and vegetable production, representatives from the local veterinary and agriculture offices committed to provide technical assistance.

After the release of the amount, the beneficiaries will conduct a meeting within their organization to reiterate and review their business plans including the memorandum of agreement which is their basis in implementing their livelihood assistance fund.

Partner financial institutions on the other hand, have started training the beneficiaries on financial literacy and bookkeeping.

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