Agrarian Cooperatives Get P7.7-M Credit Assistance

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may 19 2015 1Agrarian reform beneficiaries in Camarines Norte lauded the Land Bank of the Philippines (LBP) for approving the P7.7 million credit lines for five agrarian reform beneficiaries organizations (ARBOs).

DAR Regional Director Luis Bueno Jr. said that the credit assistance is a tripartite program of the the DAR, Department of Agriculture (DA) and LBP under the Agricultural Production Credit Program (APCP).

“The program is designed primarily to provide loans to farmer-beneficiaries and their households through cooperatives or ARBOs and other farmers’ organizations to support their individual or communal crop production, agri-enterprise and other livelihood projects,” Bueno said.

The five recipient ARBOs and their business production are: the pineapple production for Caayunan Multi-Purpose Cooperative, Brgy. Iberica Cassava Pineapple & Processing Association and MAGCAISA ARC Organization, the Enhanced rice production for Sta. Elena Farmers MPC and the Daet Talisay River Irrigation System Div-C Irrigators Association.may 19 2015 2

According to Bueno, the credit program would also provide trainings, coaching and mentoring for the ARBOs to enhance their access to credit and improve their capability in sustaining crop production.

“The provision of credit assistance to ARBs such the APCP, is a component of ARRCESS (Agrarian Reform Community Connectivity and Economic Support Services) that seeks to reduce poverty in agrarian reform areas,” said Bueno. (Nilla P. Lagatuz)

Photo 1: Provivncial Agrarian Reform Program Officer Roseller Olayres addressing the recipients of APCP Camarines Norte during the orientation on APCP.

Photo 2: ARB Alexander Almadrones of ARC Magcaisa in San Vicente Camarines Norte showing his pineapple plantation funded through APCP.