Impact assessment showed role of credit in improving livelihoods of farmers, fisherfolk

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Date

December 22, 2015

Author

Department of Science and Technology (DOST)

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Classification code

PN20151222_C5

Excerpt

Inadequate capital is a common constraint among small-scale farmers and fisherfolk. Monetary problems also limit their households to pursue other livelihood activities that could augment the family income. To address these financing needs, the Agricultural Credit Policy Council (ACPC), through the People’s Credit and Finance Corporation (PCFC), implemented the program, Agricultural Microfinance Program (AMP) for Small Farmers and Fisherfolk and their Households. Since 2009, the program has provided credit funds to qualified borrower organizations for re-lending to small farmers and fisherfolk households and organizations.

Citation

Impact assessment showed role of credit in improving livelihoods of farmers, fisherfolk. (2015, December 22). Panay News, p. C5.