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)

Other News

Diokno highlights the role of fiscal policy in DuterteNomics part 2
  • April 27, 2017
MANILA, April 27 -- On April 25, Department of Budget and Management (DBM) Secretary Benjamin E. Diokno once again joined senior officials of the national government at the Conrad Hotel in Pasay City for “Dutertenomics II”, a rerun of the forum “Dutertenomics” organized by the Department of Finance (DOF) and the Presidential Communications Operations Office (PCOO) held at the same venue last April 18, 2017. Similar to Dutertenomics I, the second forum dealt on the economic policies and development blueprint of President Rodrigo Duterte. This time, however, delegates of the foreign m...Read more
Projects registered with BOI increase over 30% in the first 4 months of 2017
  • April 27, 2017
MAKATI CITY, April 27 -- Preliminary estimates of investment figures approved by the Philippine Board of Investments (BOI) in the first four months of 2017 reached P154 billion. DTI Secretary and BOI Chair Ramon M. Lopez said the figure is tracking an increase of over 30 percent compared to last year over the same period, which registered P117.2 billion. Projects registered with the agency during the period grew to 194, or an increase of 92 percent from the 101 projects registered in the same frame in 2016. These projects are expected to generate 46,018 new jobs once operational—an ...Read more
DPWH to repair 8 roads this weekend
  • April 27, 2017
MANILA, April 27 -- Motorists are advised that the Department of Public Works and Highways-National Capital Region (DPWH-NCR) will resume weekend road repair and reblocking on eight road sections in the cities of Quezon, Makati, Pasig, and Valenzuela. DPWH-NCR Director Melvin B. Navarro said repairs will be undertaken starting at 11 am on Friday, April 28, 2017 at the second lane, southbound direction of Epifanio delos Santos Avenue from Roosevelt Avenue to Quezon Avenue in Quezon City; along southbound direction of C5 before Lanuza Avenue, Pasig City and from Makati/Pasig Boundary to ...Read more
Deadline for submission of SSS-loan restructuring program (LRP) application today
  • April 27, 2017
QUEZON CITY, April 27 -- To cut the waiting time and accommodate all applicants, the Social Security System (SSS) will only accept and stamp Loan Restructuring Program (LRP) applications subject to its evaluation and approval at a later time. The change in the procedure is due to the influx of members going to branches to beat the deadline for the submission of LRP applications today. Applications will be accepted by SSS branches and members will be notified via text when they can claim their approval slip. Members can only pay once they get their approval slip. SSS branches in Manila, ...Read more