Postal bank’s transport loan scheme hailed | Inquirer News

Postal bank’s transport loan scheme hailed

/ 04:37 AM February 10, 2012

A transport leader has described the P250-million “Arangkada Pasada” loan program of the Philippine Postal Savings Bank (PostalBank) as “proof that the Aquino government is doing its best to alleviate their plight.”

“This program is a recognition and solution to the needs of our sector,” Jacinto Alejandro, president of Cher Transport, said in Filipino during the launching of the program on February 3 at the PostalBank main office in Plaza Lawton, Manila.


Alejandro said transport organizations were about to lose hope that the government is not looking after their condition due to the recent series of increase in oil prices.

“Now we are optimistic because of PostalBank’s program which is expected to give additional income to our families,” he added in a press statement.


Highlight of the program was the signing of a memorandum of understanding between transport groups and PostalBank officials led by its president, Cesar Sarino, and chairperson Josie dela Cruz.

The “Arangkada Pasada” is a P250-million loan program which can be used by industry stakeholders to start a new business or expand an existing one.

Sarino said the program is in line with the bank’s vision to promote entrepreneurship and widen economic opportunities for the Filipinos, especially the needy.

“We are determined to become the true development bank of the government by going to places where there are no banks and serve people who are not touched by banks,” he said.

Read Next
Don't miss out on the latest news and information.

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: Arangkada Pasada, Benigno "Noynoy" Aquino III, Government, Philippine Postal Savings Bank, Transportation
For feedback, complaints, or inquiries, contact us.

News that matters

By providing an email address. I agree to the Terms of Use and
acknowledge that I have read the Privacy Policy.

© Copyright 1997-2022 | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.