Roman seeks to end “5-6” lending

First District Representative Tony Roman III has filed the Blue Finance for Small-Scale Fisherfolk Act (HB 4856), a measure that seeks to end the exploitative “5-6” lending schemes burdening fishermen and instead provide them with access to just and affordable capital. Roman said the bill aims to uplift small fisherfolk, whom he called “the heroes of our seas,” by giving them the means to achieve decent and sustainable livelihoods.

The proposed measure earmarks a ₱1 billion fund for low-interest loans, technical training, and livelihood support. Roman stressed that such interventions will allow fishermen to invest in better boats, gear, and technology, improving both productivity and income security. He added that the program would help reduce dependence on informal lenders who often trap fisherfolk in cycles of debt.

Roman has consistently championed legislation to strengthen the blue economy, emphasizing that maritime and fisheries development should be at the center of inclusive national growth. He said HB 4856 is part of his broader push for a Blue Economy and Finance agenda, which seeks to harness ocean resources responsibly while ensuring that fishing communities directly benefit.

“With proper capital comes a better life,” Roman said, adding that empowering fisherfolk is vital for food security and poverty alleviation. Carrying the slogan “WalangLAWkohan,” he vowed to continue advocating policies that protect vulnerable communities from abusive financial practices while promoting “Serbisyong May Puso” in Congress.