ANTIPOLO CITY, Rizal, Oct 9 (PIA) — The Department of Labor and Employment, Department of Agrarian Reform, Department of Science and Technology and Department of Trade and Industry Rizal provincial offices have joined forces to provide two Jalajala farmers’ cooperatives with financial grants and loans this October 8 at the Jalajala Municipal Hall.
The Integrated Jalajala Federation of Cooperatives (INJAFEDCO) and Sipsipin Multipurpose Cooperative (SMPC) were granted P900,000 and P498,600 respectively by DOLE-Rizal. SMPC was also provided by the DOST with a P263,000 interest-free loan payable for three years.
The P900,000 grant for INJAFEDCO was partitioned into two. The cooperative will initially be provided with half of the total amount, or P450,000, and will be required to liquidate the funds before the remaining half will be given to them. The cooperatives will also be under close monitoring by Municipal Agrarian Reform Officer Efren De Jesus and the local and barangay governments.
DTI and DOST will also provide entrepreneurial assistance together with needed equipment and technology.
INJAFEDCO Chairman Faustino Benaventura said the cooperative will be using the grant to further strengthen the cooperative’s rice mill through buying more palay for milling.
“As of now, our earnings are still small but we are earning. Unlike before, business is no longer down,” said Buenaventura.
SMPC Chairperson Malou De Guzman also expressed the organization’s gratitude to DOLE and DOST.
“We are very grateful for the financial support especially to DOST’s interest-free loan payable for three years,” she said.
INJAFEDCO and SMPC are the second and third Jalajala cooperatives that were given grants. Earlier this year, the Llano Farmers’ Multipurpose Cooperative was also given financial assistance for the local dairy processing plant.
Present during the ceremonial turnover of checks were Jalajala Municipal Mayor Ely Pilias, DAR-Rizal Development Chief Agrarian Reform Program Officer Cecilia S.P. Reyes, DOLE-Rizal OIC Engr. Mercedes Delgado, DOLE-Rizal Senior Labor and Employment Officer Vicky Natanauan and representatives from the DTI and DOST Rizal provincial offices. (CPG/GG/PIA 4A)