Quick recovery! Badly-Hurt Middle Class Needs Low Interest Loans To Recover

Last week, I wrote about the need for at least P500-B Economic Recovery Fund to help the middle class who lost their businesses because of the COVID 19 restrictions recover immediately and contribute to the economic growth.

This was validated during a recent visit I made to the Cloverleaf Market in Balintawak, Quezon City where I talked with a young businesswoman whose family owns a stall in the fish section.

She said they were forced to borrow from loan sharks who ask for a P2,000 interest every two months for a P5,000 loan to finance their Bangus buy and sell.

This very high interest rate is passed on to the consumers who buy the Bangus at a higher price.

Marami itong mga tinamaan ng COVID 19 na nasa middle class tulad ng mga may-ari ng mga tindahan, maliit na pagawaan, restaurant, maliit na mga lodging houses o hotels, mga public utility vehicles, maliit na food processing facilities, pati na mga palaisdaan na kadalasan ang mga may-ari ay mga OFW na bumalik sa bansa upang magpahinga na.

Dapat tama ang allocation ng ating national budget for 2022 at maglaan ng Economic Recovery Fund upang ma-access ng mga small and medium entrepreneurs upang maka-recover kaagad ang ekonomiya ng bansa.

Kapag hindi ito binigyan ng pansin, lalong magjhihikahos ang ating mga middle class na siya nagpapatakbo ng mahigit kalahati ng ating ekonomiya sa bansa.

#GovernanceIsCommonSense!

#KungGustoMaramingParaan!