Friday, 25 April 2014

Small loans for fish vendors

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


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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