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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

Catanduanes Tribune
July 12, 2017 20

Aside from 2-year moratorium on land use conversion: DAR…

Alarmed by the continued conversion of agricultural land into other uses, the Department of Agrarian Reform (DAR) is calling for a review of the local government’s power to reclassify lands aside from seeking a two-year moratorium on land-use conversions. Read More..
Catanduanes Tribune
Jul 06, 2017 16

DAR chief turns over vital road to farmers

No less than Department of Agrarian Reform (DAR) Secretary Rafael Mariano turned up in barangay San Isidro, San Andres to turn over a long-delayed but finally completed farm-to-market road to agrarian reform beneficiaries and the local government unit last… Read More..
news reg 1 pix 1 july 4 2017
Jul 04, 2017 45

DAR inaugurates P21.6-M farm-to-market road a farming…

AN agrarian reform community of 5,332 people heaved a big sigh of relief after a five-kilometer farm-to-market road, which they described as “very crucial for their survival,” was finally opened to traffic by the Department of Agrarian Reform (DAR) last… Read More..
PNA
Jul 03, 2017 11

DAR inaugurates P21.6-Million farm-to-market road in…

MANILA, June 30 -- The Department of Agrarian Reform (DAR)has opened a farm-to-market road in San Andres, Catanduanes this week , a project described as “crucial for survival” of an agrarian reform community of about 5,332 people in the area. Read More..

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