Nahihirapan umano ang ilang kooperatiba sa pagbabayad ng mga utang para sa mga biniling modern jeepney dahil sa mahinang kita.
May ulat si Rex Remitio.
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May ulat si Rex Remitio.
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NewsTranscript
00:00 We prepared our units to be in condition
00:02 because we can reduce the number of people who are not in condition
00:06 and who cannot travel by road.
00:07 A higher income since February
00:10 is expected by a cooperative of jeeps in Mandaluyong City.
00:14 Their modern jeepneys are servicing two routes,
00:18 one route for their traditional jeeps.
00:22 According to the co-op's leader, Artemio Biluan Jr.,
00:25 their income is low now
00:27 because of the unregistered and deconsolidated jeeps.
00:32 They also pay for a month's amortization on the bank.
00:35 Even though they are able to afford it,
00:37 it is still difficult because of the high expenses.
00:40 Their group is ready to enter other routes
00:43 that will be taken by the unconsolidated jeepneys.
00:46 The Land Transportation Franchising and Regulatory Board
00:51 said that they will give special permits to the co-ops.
00:55 We are thankful if we can reduce the number of people
00:58 because our income is low now.
01:00 Once their income increases,
01:02 they will again have to pay for the purchase of 15 more units
01:05 to add to their current 30 units.
01:08 The Land Bank admitted that
01:10 their low income is one of the reasons
01:12 why the co-ops are having a hard time paying.
01:15 Since December 2017,
01:18 the Land Bank has already lend more than P8 billion
01:21 to more than 100 co-ops and corporations.
01:25 This is equivalent to more than 3,700 modern jeepney units.
01:30 The bank also prepared P20 billion
01:33 because they expect more loans.
01:37 But the Land Bank said that
01:38 the co-ops are also facing challenges.
01:43 They say that the co-ops are often short of documents
01:46 like the Local Public Transport Route Plan or LPTRP
01:50 from the local government.
01:52 LPTRP is very important
01:55 because through it, we will know
01:58 how many units the co-ops will allow in a route.
02:02 The LPTRP also says that
02:04 how much the bank will lend
02:08 based on the number of passengers in a route.
02:11 For now, the Land Bank is accepting
02:13 alternative certificates from the LTFRB
02:16 while there is no LPTRP yet.
02:19 Within six years,
02:21 only five groups have not been paid in three days.
02:25 The interest rate of 6% per year
02:28 in loans that can be paid within seven years is low.
02:32 So the bank trusts
02:34 that a minimum of P415 per passenger in a modern jeep
02:38 will be enough to pay the loan to the co-ops.
02:40 For the landmark of the Philippines,
02:43 we are following
02:44 the LTFRB's guidelines.
02:50 The manibela and piston are against
02:53 a minimum of P15 per passenger
02:56 to pay the loan to the bank.
02:58 It is also up to the bank
03:00 to reach the point where the units are paid
03:04 and the previous payments are lost.
03:07 We are the ones who will pay the loan.
03:09 Who has the responsibility?
03:11 If we lose money,
03:12 will they have a responsibility to our loan?
03:15 We will really wait for the hardship
03:17 that they are experiencing in their country.
03:19 The groups are still hoping
03:21 that the Supreme Court will stop them
03:23 to stop the PUV modernization program
03:27 before February.
03:29 Rex Renitio, CNN Philippines.