Mine Firm Pours Over P1M for Livelihood Aid

FCF Minerals Corporation has released more than P1 million for its livelihood assistance program for villagers in the province.

Ian Moller, the firm’s acting general manager for operations, said the livelihood assistance called Pondong Pangkabuhayan Program (PPP) was rolled out through the Community Relations Office (CRO)-Social Development Section (SDS) since September last year.

“The recipient livelihood groups were carefully reviewed and evaluated based on their project proposals,” he said.

Moller said the funding assistance received by the livelihood organizations will be offered for loans among its members with low interest rates.

“In this way, their fund will further grow while their members are also benefiting with the loans they are getting. The terms of payment of four and five months and a year will depend on the kind of project that they will be pursuing,” he added.

Among the project proposals approved by the recipient livelihood organizations are piggery and tilapia production, sari-sari store, selling of used clothes, vegetable production, goat raising, softbroom making, ginger production, cow raising, rice retailing, sewing and purchase of equipment for veggie chips production.

Moller said the livelihood projects will be regularly monitored to ensure their development, improvement, sustainability and success.

FCF operates the gold-molybdenum project in barangay Runruno in Quezon town. (ALM/BME/PIA 2-Nueva Vizcaya)