The Agricultural Credit Policy Council (ACPC) released agricultural loans to upland vegetable farmers during the loan disbursement ceremony held recently (April 11, 2017) at the Benguet Agri-Pinoy Trading Center (BAPTC) in La Trinidad, Benguet.
DA Undersecretary for High Value Crops and Rural Credit Evelyn G. Laviña and ACPC Executive Director Jocelyn Alma R. Badiola handed over agri-production loans worth over P2.79 million to 39 vegetable farmers. The recipients of the loans are farmer members of the Lengaoan Indigenous Farmers Credit Cooperative (LIFCC) and the Pakiya Multi-Purpose Cooperative (PMPC).
The loan, under the Program for Unified Lending to Agriculture (PUNLA), is part of Agriculture Secretary Emmanuel F. Piñol’s commitment to provide fast, convenient and affordable loans to farmers and fishers in priority areas nationwide.
The loan release is the first batch of the P7 million credit fund allocations to LIFCC and P1.5 million to PMPC to support vegetable production activities of their members.
Individual loans to farmers will be released by the Philippine Veterans Banks (PVB) through automated teller machine (ATM) cards issued by PVB to the farmer borrowers. The ATM card also served as a savings account of the farmers with a low maintain balance of only P100 which the PVB offered exclusively to PUNLA loan borrowers.
Witnessing the loan release are DA-Cordillera Administrative Region (DA-CAR) Regional Executive Director Lorenzo M. Caranguian, ACPC Dep. Exec. Dir. Ramon C. Yedra, Benguet Provincial Agriculturist Lolita B. Bentres, BAPTC Chief Operations Officer Violeta B. Salda, and PVB North Luzon Area Head Leilanie S. Francisco.
Photo Caption: Usec. Laviña (third from left) and Exec. Dir. Badiola (fourth from left) handed out an automated teller machine (ATM) cards to individual farmer borrowers. Loans will be released to individual farmers through ATM cards issued by the Philippine Veterans Bank, represented by PVB North Luzon Area Head Leilanie Francisco (far left). Also in photo are: BAPTC Chief Operations Officer Violeta Salda(second from left), CAR Reg. Exec. Dir. Lorenzo Caranguian (partly hidden) and Provincial Agriculturist Lolita Bentres. (Rudyard Roxas, DA-ACPC)
Reference:
Agricultural Credit Policy Council
Information Systems Management Division (ISMD)
28/F OSMA Condominium San Miguel Avenue corner Shaw Blvd.
Ortigas Center, Pasig City 1605
Tel. Nos.: (63 2) 634.3320 and 21 local 119 Fax: (63 2) 584.3861
