Virginia
Bavas (left) and Emilda Palacios display the document showing the list of vendors who
benefited from the small loan program for fish vendors launched recently by the
Municipal government. – MWBuzzpic by AP HERNANDEZ
By ALFREDO P HERNANDEZ
FISH vendors in Parang, Mambula town have received loan
assistance from the local government.
Mayor Ricarte “Dong” Padilla has provided a P20,000 for
lending to a group of fish vendors who live along the beach of Parang.
Virginia Vabas, 71, fish vendor and adviser to the fish
vendors cooperative, said the fund has benefited at least 10 vendors, including
her.
They pay P20 a week as loan amortization.
Vabas said she makes at least P300 per day from the P4,000 capital
she borrowed to buy fresh fish for retail.
She said she maintains a small stall along Parang road, where
pedestrians could browse her ware.
It’s a big help to the mothers as they earn something to
augment their family income, she said.
Vabas said she expects to recoup the loaned out money by
November, which would be rolled over to a new batch of qualified beneficiaries.
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