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PIA Press Release
2005/08/01

Thanks to PGMA, Quedancor provides

by Nora CL Molde

SURIGAO DEL SUR (1 August) -- "For 22 years, my husband is just renting a pampasada tricycle to earn for our living. Now, because of PGMAs priority programs we're able to acquire our own pampasada unit. Thanks to PGMA and QUEDANCOR", says Mrs. Pilar Formaran, a housewife from Tandag.

Even if they will combine all their family income, that of an ordinary tricycle driver and that of a laborer, Pilar find difficulties in budgeting for their daily needs. The income is not sufficient to raise their 5 children. Sending them to school and even providing their health and food needs were not met properly.

One week day, when she really finds their financial difficulty overwhelming, she unburdened her problems to a friend who is her officemate. While they were conversing, one of her officemates overheard them and shared with her one of the new government programs that provide livelihood assistance to qualified individuals.

Upon learning this, Pilar, together with her officemates immediately rushed to the office of Quedan and Rural Credit Guarantee Corporation (QUEDANCOR) and inquired of the requirements on how to avail the said assistance.

After office, she went home, referred and consulted with her husband and children. Because of their deep financial need, Pilar immediately complied with all the requirements and submitted the same to QUEDANCOR that same week without further delay.

While her application was on process, her husband also scouted and canvassed stores that offers monthly installments for motorcycles. They planned to purchase their own unit through installments to be paid from the tricycle daily income.

Pilar is earning the wage of an ordinary laborer from one of the local offices of the province. Although she is still paying for the monthly amortization of her commercial loan from QUEDANCOR and their pampasada tricycle, Pilar's family is very thankful to the government for the assistance extended to them.

Alleviating poverty and providing livelihood assistance for every citizen is one the priority programs of the Arroyo Administration. (PIA-Surigao del Sur) [top]

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