Agrarian farmers train on credit facilitation and delinquency management

newlogoPIABUTUAN CITY, Nov. 21 (PIA) -- Officers and Admin staffs of the Baleguian Organic Farmers Irrigators Associations, (BOFIA) underwent a two-day Credit Facilitation and Delinquency Management Seminar held at Brgy. Baleguian Jabonga, Agusan del Norte on Nov. 10-11, 2016.

The seminar enhanced the officers and operational staffs’ technical skills in managing credit operation. BOFIA is providing agricultural credit assistance under the Agrarian Production Credit Program (APCP) of the Department of Agrarian Reform (DAR) to members.

The activity was also aimed to meet the needs of the organization to address the credit risk and create a contingency plan when the borrower failed to meet its obligation. BOFIA chairman Winifredo S. Maldo said that the organization is facing some challenges in handling their credit operation, as the number of members who set to avail financial assistance for agricultural production is still growing. "The training enhanced the ability of some officers and credit staffs in performing the credit operations and create flexible solutions to help members stand up against adversities,” Maldo said. "Thanks to DAR's intervention in providing us with technical knowledge that we need to sustain our operation," Maldo added.

Propegemus Executive Director Arnold Tapere said that the training will capacitate the officers and members, who aspire to be knowledgeable in handling credit issues and concerns. "The training gave a clear knowledge in credit management against the risk of not paying when the members encountered losses from agricultural uncertainties," Tapere said. BOFIA is a recipient of a multi-million projects of DAR 's various interventions from APCP to Agrarian Reform Community Connectivity and Economic Support Services (ARCCESS) and Irrigation Facility under Agrarian Reform Infrastructure Support Program phase III (ARISP III).

The seminar was conducted by the DAR in Agusan del Norte in partnership with the Propegemus Foundation, Inc., an accredited training provider of Cooperative Development Authority (CDA). (Gil E. Miranda, DAR-Agusan del Norte/PIA-Agusan del Norte)