Erbie cites importance of cooperative movement PDF Print E-mail
Saturday, 27 April 2013 11:24

Fuerza Zamboanga mayoralty bet Erbie A. Fabian yesterday underscored the importance of the cooperative movement in the city even as he rallied support for micro financing for small scale business ventures in the barangays.

Speaking before the Cluster B general assembly meeting of the People’s Micro Finance Cooperative cluster of over 500 members in 15 east coast barangays held at the Mercedes National High School multi-purpose Covered Court,    Fabian said it is imperative the cooperative movement develop in the grassroots to avail of much needed micro financing for barangay based start up business ventures.

Fabian said he understands the difficulties faced by many as money is hard to come by these days and urged the cooperative members to make judicious use of capital they acquire for business and other purposes.

“I fully understand the situation most of you are in now, for once upon a time I joined our cooperative while serving as city councilor in the city august body, and I say let us be careful in managing our finances so that we don’t get saddled by burdensome financial obligations in the future. At the same time, we should take calculated risks in expanding our earning capacity by availing of credit facilities made available to cooperatives so that we can earn something more on the side and venture into income generating activities,” said the mayoralty leadeing bet.

Fabian took time to rally support for Team Fuerza Zamboanga as he called on the members to support vice mayoral bet Atty. Luis Climaco, congressional aspirant for District 2 Lilia Macrohon Nuno and the team’s council bets for District 2 namely Cabaluay Barangay Chair Mako Apolinario, former 3 term councilor Gerry Acuna, Surgeon Dr. Bonjing Feliciano, Feltranz President Ed Mingala, retired government broadcaster Roseller Enriquez and former Ateneo Professor Dr. Lito Depositario.

“A Team Fuerza Zamboanga victory will ensure continuing support for cooperativim and the growth of micro financing in the city to support the aspirations of the barangay folk,” Fabian assured. — FZ Media Bureau