NEA gives P8M loan to KAELCO consumers

Tabuk City, Kalinga - In its bid to electrify all barangays in the country before 2010, the National Electrification Administration (NEA) allotted P8 million loan to Kalinga-Apayao Electric Cooperative (Kaelco) consumers for household connection. Not in the form of cash loan, Kaelco as conduit provides materials needed to complete electrification of the beneficiary.

Unable to connect because of the lack of money to buy the necessary connection materials, each consumer can avail of a loan ranging from P5,000 to P7,000 with ten percent interest payable in a two-year period. However, Kaelco Board of Directors (BOD) will deliberate to allow beneficiaries to pay in three years considering the hard times now. Read more...