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Micro Finance Initiative

The Center for Agrarian Reform and Rural Development (CARRD) lauded the Minalabac, Mataoroc, Sagrada, San Jose, Baliuag Viejo (MASSBA) agrarian reform community (ARC) Cooperative in Camarines Sur for its micro-finance initiatives in launching a credit program in their locality.
 
CARRD is a non-government organization initially formed in 1987 to provide technical assistance to peasant organizations and formally established in 1989 to advocate for agrarian reform and rural development agenda.
 
“According to CARRD, they were so impressed with the very remarkable achievement of MASSBA ARC Coop for their savings generation that is utilized to give out loans to fellow farmers,” Department of Agrarian Reform (DAR) Bicol Regional Director Maria Celestina Manlagñit-Tam said.
 
MASSBA ARC Cooperative was able to reach beyond 400,000 total deposits coming from the investments of their member-farmers for their savings generation project in barely three months when they started the program in April this year. Tam said, “According to their records, the total amount of P 497,000 was already availed through their credit or loan program,” Tam added.
 
The notable feat of MASSBA ARC Cooperative spurs DAR for the full implementation of the Agricultural Insurance Program (AIP) and Agrarian Production Credit Program (APCP) to mitigate agricultural losses due to natural calamities and farm pests.
 
The AIP is an insurance assistance that can be availed to cover rice, corn, high-value crops including livestock production of ARBs, DAR-Bicol said. The APCP meanwhile provides credit assistance to ARBs or ARB household through organizations or other conduits to support individual or communal crop production.
 
“We have 9,000 target agrarian reform beneficiaries (ARBs) for crop insurance and we are now conducting orientations for them to avail of the insurance as well as the loan,” Tam shared.
 
DAR-Bicol is now conducting underwriting trainings for ARBOs as part of the preparations to avail the AIP. Immediate completion of the requirements is urgent to jumpstart the insurance program to coincide with the onset of the cropping season of their chosen yield.
 
“APCP ensures sustainable production of crops and increase the income of ARBs household members to strengthen ARBOs and improve the capabilities of ARBs through the provision of institutional capability building,” Tam said.
 
Aside from loans to finance crop production, APCP also provides agricultural production agreement, financial management support and institutional capability building for ARBOs, DAR-Bicol. The program requires preparation of ARBOs to become credit conduits and priority is given to provinces with high records in land acquisition and distribution (LAD).

Region V News

news reg 1 pix 1 feb. 13 2018
February 13, 2018 71

DAR distributes land titles in Sorsogon

CASIGURAN, SORSOGON – The Department of Agrarian Reform (DAR) handed to 20 agrarian reform beneficiaries certificates of land ownership award (CLOAs) covering packets of landholdings in this town last February 6, 2018.Provincial Agrarian Reform Program… Read More..
news reg 1 pix 1 feb. 6 2018
Feb 06, 2018 92

DAR enhances 30 Sorsogon ARBs’ farm management skills

THIRTY agrarian reform beneficiaries from Castilla town in Sorsogon province recently graduated from the Farm Business School (FBS), a farm productivity program of the Department of Agrarian Reform (DAR) aimed at improving the quality and volume of… Read More..
news reg 1 pix 1 jan. 3 2018
Feb 03, 2018 98

DAR distributes 228 has. of farm land to Sorsogon farmers

The Department of Agrarian Reform (DAR) distributed to 59 farmer-beneficiaries certificates of land ownership award (CLOAs), covering a total of 228.41 hectares of farm lands last Tuesday and Wednesday in Donsol and Pilar towns in Sorsogon.Sorsogon Provincial… Read More..
news reg 1 pix 1 nov. 24 2017
Nov 24, 2017 200

DAR cites role of women in Sorsogon

SORSOGON City, Sorsogon – The Department of Agrarian Reform (DAR) recently spearheaded the “2017 Rural Women Caravan” that recognized the role of women in community development in the province of Sorsogon.The DAR was joined by various government agencies and… Read More..

Region 5 Calendar of Activities