Fisherfolk in Olango Island, Cebu, who lost their sources of livelihood at the height of Typhoon Odette in 2021, receive motorboats in a special loan program.
Impact Circle CEO Satoshi Takahashi said during a press conference on Thursday, February 9, that by providing boat loans to fisherfolk, it would improve their credit and access to house loans, education loans, and fishing equipment loans.
Since June 2022, Impact Circle has given the Olango fisherfolk community a total of 119 boats and 147 engines. For fishermen like Pepito Cañete, president of the Sitio Sabang Seaside Fisherfolk group, life is beginning to get better. Karon nga kada-adlaw na ko makapanagat, musami na ako income sa mga at least P700 kada adlaw unya kung masakit ko kay naa ra koy matigomCañete added that hospital services have also improved in the island with the help of the city government.
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