Interest-free loans under ‘Barangay Talipapa Project’ launched in Tarlac
The provincial government of Tarlac is launching a loan package for its barangays dubbed as the “Barangay Talipapa Project,” according to Gov. Susan Yap.
The program will be implemented through the modified version of the provincial government’s Barangay Microfinance Program, the governor said.
Yap urged barangay leaders to contact the Provincial Cooperative and Enterprise Development Office [PCEDO] headed by Marvi dela Cruz to avail themselves of the interest-free loan package.
According to Yap, a barangay that does not have an existing loan under the program and does not have an existing “talipapa” or market in their area can apply for a loan amounting to P20,000 interest-free starting April 1 until October 31.
“The loan amount is to be used in the establishment of a barangay talipapa to ensure daily food supply for barangay folks at affordable price as set by the DTI [Department of Trade and Industry],” Dela Cruz said.
She added that physical and social distancing will be strictly observed once the talipapa were established.
Yap said that with the establishment of a barangay talipapa, Tarlaqueños have no reason to go to public markets therefore avoiding the further spread of the dreaded coronavirus.
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