LOAN ASSISTANCE TO 3,394 AGRARIAN REFORM BENEFICIARIES

manila bulletin blue logoButuan City – At least 3, 394 agrarian reform beneficiaries are set to avail loan assistance in Caraga region. These lucky beneficiaries will avail loan assistance through the joint Agrarian Production Credit Program (APCP) of the Department of Agrarian Reform (DAR), Department of Agriculture (DAR), Department of Environment and Natural Resources (DENR) and the Land Bank of the Philippines (LBP) this year.

These beneficiaries are members of 59 agrarian reform organizations spread in various areas in the 5 provinces and 6 cities in Northeastern Mindanao (Caraga region). Region Xlll DAR Regional Director Julita A. Ragandang said that in 2008, only 57% of the farmers have access to credit from formal lending institutions and almost 500,000 of the 1.4 million agrarian reform beneficiaries nationwide need credit assistance. In Caraga, P84.7 million budget will be released this year to the said agrarian reform beneficiaries (ARBs). (Mike U. Crismundo)


Source: http://www.mb.com.ph/mindanao-newsbits-for-may-23-2015/