Agusan ARBs to get P100-M credit facility

manila bulletin blue logoPatin-Ay, Prosperidad, Agusan del Sur – The Land Bank of the Philippines (LBP) recently opened a P100-million credit line which is expected to further uplift the livelihood and living conditions of agrarian reform beneficiaries (ARBs) in this province.

Close to 1,000 Agusan del Sur ARBs are the main targets of the  Agrarian Production Credit Program (APCP) of the Department of Agrarian Reform (DAR).

The approved credit line as of October this year was pegged at close to P40 million mostly on rice production P58 million for carabao raising.

Agusan del Sur Gov. Adolph Edward G. Plaza said the DAR-APCP program is a big help to the provincial government’s ongoing Upland Sustainable Agri-Forestry Development (USAD) program in 70 upland villages involved in  cacao, rice, fruit trees, and rubber plantations.

Recently, the DAR has conducted the APCP Periodic Consultation and Coordination Meeting in the municipality of San Francisco, also in this province.

The activity is aimed at facilitating the ARBOs on the availment of this crop production loan from LBP.