Easy credit access for farmers, fisherfolks
Excerpt
Farmers, animal raisers, and fisherfolk of Tigbauan, Iloilo will no longer run to private lenders and pay high interest rate to finance their farms. With the Production Loan Easy Access (PLEA) credit program of the Department of Agriculture (DA), a farmer could loan up to P50,000 at 6 percent interest rate per annum while maturity will depend on the agricultural commodity. Two hundred farmers and fisherfolk from five qualified farmers associations in Tigbauan can access the P5-million credit assistance through the Kooperatiba Naton Multi-Purpose Cooperative (KNMPC) as the lending conduit.
Citation
Toreno, S. M. H. (2017, July 07). Easy credit access for farmers, fisherfolks. The Daily Guardian, pp. B1, B7.
Associated content
Online versionSubject
Fishers; Financial resources; Insurance; Organizations; Cooperatives; Financing; credit; Department of Agriculture (DA); Philippine Crop Insurance Corporation (PCIC); Agricultural Credit Policy Council (ACPC); Kooperatiba Naton Multi-Purpose Cooperative (KNMPC); Laviña, Evelyn; Piñol, Emmanuel F.; Encila, Caridad; Basco, Georgina A.; Sobrevega, Peter S.; Alquisada, Suzette T.
Collections
- The Daily Guardian [534]
Related items
Showing items related by title, author, creator and subject.
-
[ The Department of Agriculture (DA) celebrates its 118th Anniversary ]
(Malaya,June 23, 2016 , on page A11)The Department of Agriculture (DA) celebrates its 118th Anniversary with its vital role in nation building more marked than ever. Mandated to promote agricultural and fisheries development and growth, the DA has been at ... -
DA releases funds for agricultural loans
(The Manila Times,February 24, 2014 , on page A6)The Department of Agriculture (DA) has recently released a P1billion fund through a flexible credit facility to provide agricultural loans to marginalized farmers and fisherfolk in the poorest provinces across the country. ... -
Impact assessment showed role of credit in improving livelihoods of farmers, fisherfolk
(Panay News,December 22, 2015 , on page C5)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 ...