Soft loan up for 1K vendors in Cotabato market fire

Burnt public market of Cotabato City (Photo by NDBC)

COTABATO CITY–The city government is finalizing a financial assistance scheme for small traders victimized by the huge May 21 city market fire that gutted down some 1,500 business stalls.

“We are yet studying and weighing all possible options (on the loan package),” City Mayor Frances Cynthia Guiani-Sayadi said in an interview by newsmen here Friday.

Guiani-Sayadi clarified, though, that the financial aid will only be available to legitimate market stall owners prior to the fire incident.

“We have a master list of market occupants and we will focus our financial assistance plan on that,” she said, adding the small loans would depend on the nature of business of the affected vendors.

Sam Mundas, city market administrator, said that based on their master list, they discovered that of the 1,500 stall owners, only about 1,000 have permits.

Most ambulant vendors, he said, are not registered with the city market administration.

Mundas said vendors are currently not allowed to return to their previously occupied areas inside the burnt structure as it might collapse anytime.

“The damaged beams and trusses of the building are no longer stable, so we do not allow entry of any vendor inside the perimeter,” he said.

Instead, the vendors were permitted to sell their products in makeshift stalls set up along the sidewalks of Martinez St. and Almonte St. Ext., a few meters away from the market, as a temporary business site for their fish, meat and vegetable products.

On the other hand, “ukay-ukay” (second-hand clothing) vendors were allowed to put up temporary stalls at the premises of the city wharf along Rajah Tabunaway Blvd.

Fire investigators are expected to make public on May 28 their official findings on the cause of the fire. (PNA)

Popular

Drug-free region: ASEAN vows zero tolerance vs. illicit drugs

By Ruth Abbey Gita-Carlos | Philippine News Agency The Association of Southeast Asian Nations (ASEAN) pledged to adopt a zero-tolerance approach to the illicit narcotics...

ASEAN rewrites charter for first time in nearly 20 years; adopts climate, AI accords

By Darryl John Esguerra | Philippine News Agency Leaders of the Association of Southeast Asian Nations (ASEAN) on Friday adopted the Cebu Protocol to Amend...

PBBM: ASEAN leaders agree on maritime cooperation, establishing maritime center in PH

By Brian Campued Leaders from the Association of Southeast Asian Nations (ASEAN) reaffirmed its shared commitment to maintain and promote peace, security, stability, and prosperity...

PBBM: ASEAN moves to future-proof member-states through ‘LEAD-SAIL-RISE’ framework

By Brian Campued The member-states of the Association of Southeast Asian Nations (ASEAN) have agreed to bolster cooperation not only amid the economic impact of...