Press Release
May 22, 2013

Cayetano launches anti 5-6 lending program for the poor
Returns to market vendors to fulfill PTK campaign promise

"This is where my commitment to lowering prices, ending joblessness, and increasing wages started so it's only fitting that I return here to kick start my new term as a senator."

Senator Alan Cayetano gave this statement today when he met again with the vendors at the Pritil Market in Tondo, Manila to launch his promised anti-5-6 lending program for market vendors and small-scale entrepreneurs.

The senator explained that he returned to Pritil Market to make good on his promise to help to provide the small and medium enterprise (SME) owners easier access to capital.

Three months ago, Cayetano launched his reelection campaign at Pritil Market where he met with the market vendors and asked about their biggest concerns related to PTK: Presyo, Trabaho, Kita.

"They said that they still resort to borrowing from 5-6 lenders for their daily cash flow because they cannot get loans from the government or private banks to support their businesses," he said.

Cayetano said the lending program for the Pritil vendors will be the pilot stage for an envisioned nationwide project that will facilitate the delivery of capital to as many sectors as possible that need access to capital.

"A tested and proven mechanism will ensure that all Filipino families feel the benefits of the country's growing economy for a long time," he added as he stressed that the launch is a continuation of his PTK tour to serve the people's needs.

"This is just the start. Our commitment to end the problems related to PTK does not end simply because the elections are over. This is a continuing fight that I intend to wage against high prices, lack of jobs, and low wages," he said.

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