ACPC released P8.5M loan to two CAR coops

  • April 17, 2017


LA TRINIDAD, Benguet , April 17- - The Department of Agriculture (DA) – CAR continues to provide assistance to cooperatives in the region.

The Agricultural Credit Policy Council (ACPC) turned over P8.5 million  to the Lengaoan Indigenous Farmers Credit Cooperative (LIFCC) and Pakiya Multi-purpose Cooperative (PMPC) last April 11   at the Benguet Agri-Pinoy Trading Center (BAPTC)  at the Strawberry Fields in this capital town.  The   two cooperatives  have  852 members.

This loan release ceremony   was initiated by ACPC through the Philippines Veterans Banks under the Program for Unified Lending to Agriculture (PUNLA) project in Northern Luzon.

Undersecretary for High Value Crops and Rural Credit, Evelyn G. Laviña encouraged the beneficiaries to develop a five-year plan on how the loan money will be utilized. She  wanted them to review their vision, mission and goals so that their project would be sustainable.

“This five-year plan is the desire of each and every one to be independent. You should help one another to achieve development in the community. This plan will serve as your guide to achieve continuity so that you can stand on your own feet and sustain the loan fund to achieve your common goal”, said Laviña.

The DA official  also urged these farmers to look at their cooperative as a body that can do everything if they move as one.  She told them  to  assert their rights and find the niche from production to marketing, value chain, and supply and demand

 “The loan money will be used in the cooperatives vegetable production especially to the semi-temperate crops. We’ll be updating our short and long term plans as required by USec. Laviñaand the Cooperative Development Authority (CDA),“  Joaquin Depalog, manager of LIFCC,  said

He  hopes that these two cooperatives will spearhead a federation in the region to strengthen camaraderie  for the development of the community. (A.Canero III , A. Galanza & L. Mendoza- DA-CAR)

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