Archive | August 2nd, 2017

Pantawid beneficiaries of Santa Cruz Marinduque receive payout

Pantawid beneficiaries of Santa Cruz, Marinduque in queue to receive cash grants for February-March and April-May

 

Santa Cruz, Marinduque –    On July 28, 2017, Pantawid Pamilyang Pilipino Program beneficiaries from the 55 barangays of Santa Cruz, Marinduque gathered in Sta. Cruz Multi-purpose Hall to receive their cash grants for February-March and April-May.

Through the help of the Marinduque Social Action Multi-purpose Cooperative (MASAMCO), which served as one of the conduits of the Landbank of the Philippines (LBP) in Marinduque, a total of 14,200,300 pesos was released during the payout— 9,031,800 pesos from P1 of 2017 and 5,186,500 from P2 of 2017.

The delay of payout from the month of February was due to the search for new conduit of LBP, which will help the bank in the distribution of cash grants to areas which has limited LBP branch. The termination of contract of the former conduits  had delayed the process of the distribution for beneficiaries without LBP Cash Card or First Consolidated Bank-Pitakard.  ###

 

Posted in news, Pantawid Pamilyang Pilipino ProgramComments (0)

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