2017News

Government lends money for fishing boats

On Sunday, 19 February 2017, President Danilo Medina visited the Fishermen’s Cooperative of Andres Boca Chica (Coopabocb) and met with its members. Afterwards, he announced the government would finance a project to make their jobs more secure and increase their earnings.

He authorized a RD$13 million loan at 5% interest rate for the purchase of new boats for the 137 members of the fishing cooperative. Medina expressed his wish the fishermen grow their business and move into the middle class, leaving poverty behind and giving a better future to their children who could also work in the fishing businesses.

“I don’t want to make anyone rich. I want to help the community,” said the President during his visit to the fishermen. He urged the beneficiaries to pay back the loans to enable the financing of other projects around the country.

The project also includes funds for a fish delivery center and a truck. The funding will be managed by the Special Fund for Farm Development (FEDA) under the Presidency Office.

Presidencia