Business is back in troubled Bukidnon barangays

MALAYBALAY CITY (MindaNews/10 Oct) — Business is back to normal in
this city’s remote barangays Zamboanguita and St. Peter, almost four
months after government forces bombarded nearby camps of the New
Peoples’ Army in June, a microfinance bank executive said.

Businesses have picked up again amid experiencing war’s traumatic
effect to families there, said Erlow Talatala, corporate marketing
officer of the Bukidnon-based Asian Hills Bank (AHB). AHB operates a
75-member Grameen-style microfinancing program in three centers in the
area.

But during the military encounters, their clients, mostly women, were
forced to flee to evacuation centers. In June, AHB reported that
collection of daily amortization from member-borrowers was affected by
the evacuations.

“People were displaced from their livelihood, from their normal lives.
That is why we encountered collection problems,” Talatala said.

“But it was only an initial effect. Because of contingency payments
through savings and the people’s resilience to withstand the crisis,
they were able to maintain their good credit standing,” he noted. Read story here.

About mindanaw

A Journalist from Mindanao

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