{"id":143015,"date":"2012-02-10T04:37:53","date_gmt":"2012-02-09T20:37:53","guid":{"rendered":"https:\/\/newsinfo.inquirer.net\/?p=143015"},"modified":"2012-02-10T04:37:53","modified_gmt":"2012-02-09T20:37:53","slug":"postal-bank%e2%80%99s-transport-loan-scheme-hailed","status":"publish","type":"post","link":"https:\/\/newsinfo.inquirer.net\/143015\/postal-bank%e2%80%99s-transport-loan-scheme-hailed","title":{"rendered":"Postal bank\u2019s transport loan scheme hailed"},"content":{"rendered":"
A transport leader has described the P250-million \u201cArangkada Pasada\u201d loan program of the Philippine Postal Savings Bank (PostalBank) as \u201cproof that the Aquino government is doing its best to alleviate their plight.\u201d<\/p>\n
\u201cThis program is a recognition and solution to the needs of our sector,\u201d Jacinto Alejandro, president of Cher Transport, said in Filipino during the launching of the program on February 3 at the PostalBank main office in Plaza Lawton, Manila.<\/p>\n
Alejandro said transport organizations were about to lose hope that the government is not looking after their condition due to the recent series of increase in oil prices.<\/p>\n
\u201cNow we are optimistic because of PostalBank\u2019s program which is expected to give additional income to our families,\u201d he added in a press statement.<\/p>\n
Highlight of the program was the signing of a memorandum of understanding between transport groups and PostalBank officials led by its president, Cesar Sarino, and chairperson Josie dela Cruz.<\/p>\n
The \u201cArangkada Pasada\u201d is a P250-million loan program which can be used by industry stakeholders to start a new business or expand an existing one.<\/p>\n
Sarino said the program is in line with the bank\u2019s vision to promote entrepreneurship and widen economic opportunities for the Filipinos, especially the needy.<\/p>\n
\u201cWe are determined to become the true development bank of the government by going to places where there are no banks and serve people who are not touched by banks,\u201d he said.<\/p>\n","protected":false},"excerpt":{"rendered":"
A transport leader has described the P250-million \u201cArangkada Pasada\u201d loan program of the Philippine Postal Savings Bank (PostalBank) as \u201cproof that the Aquino government is doing its best to alleviate their plight.\u201d<\/p>\n","protected":false},"author":37,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[34,45],"tags":[49],"byline":[],"source":[206078],"column":[],"editor":[],"videographer":[],"position":[],"acf":[],"yoast_head":"\n