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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 november 15 2018
November 15, 2018 106

PARCCOM chairpersons challenged by Castriciones

15 November 2018, Naga City – The success of the second phase of agrarian reform implementation lies on the Presidential Agrarian Reform Coordinating Committee (PARCCOM). This challenged was posed by Agrarian Reform Undersecretary for Legal Affairs Atty. Luis… Read More..
socmed card reg 1 october 3 2018
Oct 03, 2018 88

Tay, salamat po sa tiwala at pagtitiyaga, congratulations…

#DAR4Farmers #Land4Farmers #ComfortableLifeForAll #PartnerForChange #CARP@30:DARe2Change Read More..
news reg 1 pix 1 september 30 2018
Sep 30, 2018 118

54-year-old farmer receives land title after 15 years

Fifty-four-year-old farmer Elicer Lauce from Capalongga, Camarines Norte, was overwhelmed with joy after receiving his long-awaited certificate of land ownership award (CLOA) from the Department of Agrarian Reform (DAR) in a distribution ceremony held here.… Read More..
news reg 1 september 28 2018
Sep 28, 2018 171

Latuna siblings now own the land they till

Daet, Camarines Norte- Four Latuna siblings from Barangay Old Camp, Capalonga, Camarines Norte are among the 1,585 bicol farmers who were awarded lands during the distribution of Certificate of Land Ownership Awards (CLOA) under the Comprehensive Agrarian… Read More..

Region 5 Calendar of Activities