9 Agusan del Sur coops get P2.7-M financial aid

Business & Finance

BUTUAN CITY: At least nine local cooperatives in Agusan del Sur province have received PHP300,000 financial aid each from the provincial government to support their respective economic enterprise.

In a statement Tuesday (Jan. 24, 2023), the Provincial Information Office of Agusan del Sur (PIO) said the total funding amounting to PHP2.7 million was under the Sustainable Cooperative Operation Performance Enhancement (SCOPE) program of the Provincial Agriculture Office of Agusan del Sur.

The SCOPE program, it added, aims to provide support to the economic business operations of the cooperatives in the province. Governor Santiago Cane Jr. led the aid distribution Monday.

Two of the recipient cooperatives are from the town of Trento while the other beneficiaries were from the towns of Esperanza, Prosperidad, Santa Josefa, Veruela, San Francisco, Loreto and Bayugan City.

In a phone interview Tuesday, Nelia Labaso Codoy, the manager of Remedios Farmers Multipurpose Cooperative in Esperanza town, said they will utilize the financial aid to boost their catering business which is already running for more than three years.

“We are so thankful to the provincial government for this financial support. This will help expand the catering business of our cooperative,” Codoy said.

She added that an expanded catering business will also benefit the 186 members of their cooperative

Source: Philippines News Agency