Quezon, Nueva Vizcaya—FCF Minerals Corporation has released more than P1 million for its livelihood assistance program for villagers.
FCF operates the gold-molybdenum mining project in barangay Runruno in this town.
Ian Moller, the firm’s acting general manager for operations, said the livelihood assistance called Pondong Pangkabuhayan Program was rolled out through the Community Relations Office-Social Development Section since September last year.
“The recipient livelihood groups were carefully reviewed and evaluated based on their project proposals,” he said.
Moller said the assistance received by the livelihood organizations will be offered as loans to 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, soft broom 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.