The Department of Agriculture Bicol in partnership with the Agricultural Credit Policy Council (ACPC), held a simple turn over ceremony to six Coops as lending conduits for its Survival Recovery Assistance (SURE) Program at the Villa Caceres Hotel in Naga City on August 10, 2013. The Agribusiness and Marketing Division headed by Adelina Loza DA-5 AMAD Chief facilitated the activity. Said program aims to help agricultural households in calamity-affected areas regain their capacity to earn a living and provide immediate relief to small farmers and fisherfolk through loan and grant assistance. Eligible farmer/fisherfolk borrowers are those whose livelihood were affected by typhoon Nina.
The lending conduits and the amount of checks were: Camarines Sur Multi Purpose Cooperative chaired by Annielyn Panerio P1,376,630.00; Magarao Multi-Purpose Cooperative; Elmer Basbas, chairman P1,310,000.00; Sampaloc Multi-Purpose Cooperative (Gainza, Cam. Sur) Amelia Valencia, President P810,000.00; San Antonio Farmers Multi-Purpose Cooperative of Buhi, Simeon Molina, Chairman P2,000,000.00; Pinoy Lingap-Damayan Multi Purpose Cooperative of Catanduanes headed by Anita Tassarra, 20,595,000.00; Maymatan Farmers Multi Purpose Cooperative of Goa, Cam. Sur Felina Sanoy, President, P5,000,000.00.
Adelina Losa, DA-5 AMAD Chief clarified to the members that the check is a sure loan but sure to be paid in a given point in time. Those who can avail are carefully evaluated and validated. Ding Pereyra, Project Development Officer IV, ACPC presented an Overview of the SURE Assistance Loan. He said that The Recovery Assistance Loan has 0% interest and must be paid within 3 years with only 3% service charge. Loan amount under the Survival Assistance (Grant )is 10,000 per borrower and 25,000 per borrower under the Recovery Assistance (loan) he added.
On the other hand, Cristina Lopez, ACPC Director said that the SURE program was conceptualized by DA Secretary Piñol as a strategy to ease difficulty of farmers in acquiring loans from banks or other financial institutions. She added that P1 billion loan grant was allocated by the ACPC for every region.
Meanwhile, Rodel Tornilla, OIC –RTD for Operations & Extension said in his message that aside from SURE, there are other lending programs initiated by the government. This was crafted in the 2018 budget proposal part of which is financial assistance. He said the 236 million from Rice Program projects which will be allocated as credit assistance for next year is a way of showing that the government is helping farmer-members to recover from calamities. Helping one another is considered a big success he added. He thanked those who readily responded and assured the farmers of assistance to strengthen the services of the DA. (Blesilda A. Nuñez/RAFIS 5)