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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 nov. 24 2017
November 24, 2017 66

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..
news reg 1 pix 1 nov. 23 2017
Nov 23, 2017 93

DAR distributes lands to 123 farmers in Camarines Norte

Bagasbas, Daet, Camarines Norte – After years of toiling lands that they did not own, a total of 123 farmers from Camarines Norte are now the new owners of these precious lands after they received a total of 222.94 hectares from the Department of Agrarian… Read More..
news reg 1 pix 1 oct. 27 2017
Oct 27, 2017 115

Hundreds of women leaders join DAR’s gender and development…

CALABANGA, Camarines Sur—More than 500 women farmers and rural folks flocked to the Jose de Villa National High school covered court here to be informed of their rights and avail of various services offered by the government.The Department of Agrarian Reform… Read More..
news reg 4 pix 1 oct. 26 2017
Oct 26, 2017 115

DAR thanks government agencies

CALABANGA, Camarines Sur (Oct. 26, 2017)— The DAR Gender and Development (GAD) National Steering Committee Vice Chair Teresita Vistro thanked the representatives from the various government agencies who facilitated the attendance of farmers and fisher folks… Read More..

Region 5 Calendar of Activities