Thursday, April 9, 2020

Speaker visits Tarlac to provide assistance to tricycle drivers

Feb 6, 2020 @ 11:52

House Speaker Alan Peter Cayetano visited Tarlac City on Thursday to welcome new beneficiaries of his “Presyo Trabaho Kabuhayan” program, adding another organization to its growing list of cooperative partners in the country.

In his visit, another Tricycle Operators and Driver’s Association (TODA) was identified to benefit from the microfinance assistance.

To date, the Buno-Matatalaib-Trinidad-Culipat (BMTC) TODA, consisting of 140 members, is the 223rd beneficiary organization in the country. For the province of Tarlac, they are the sixth group to benefit from PTK.

Cayetano, who is a staunch advocate of micro, small, and medium scale enterprise (MSME) program, initiated the PTK program in 2013 in an effort to address Filipinos’ pressing problems, including the lack of access to capital to start and sustain their businesses.

During the turnover ceremony in Sitio Tanpoco, Brgy Matatalaib, Tarlac City, BMTC-TODA’s president Rodolfo Dizon said that the association will use the P100K from the PTK program to maintain and purchase parts for their motorcycle.

Cayetano stressed that by giving them a one-time financial assistance and supporting their development initiatives, the beneficiaries are being “taught to fish, instead of giving them fish”. This alleviates the lack of jobs and livelihood in the country.

“We initiated this program to protect the Filipino cooperatives and entrepreneurs from falling into the trap of usurious loan sharks,” he said.

“We’re happy to support TODAs because on top of their needs as an organization, most of our PUV drivers do not have the financial capabilities to purchase their own unit, forcing them to rent on their own, cutting down their take-home pay,” said Cayetano.

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