DA offers P100-K loan for women in agriculture

Agriculture, News

The Department of Agriculture (DA) has recently launched a new credit program exclusively for women engaged in agriculture.

DA Agricultural Credit Policy Council (ACPC) executive director Jocelyn Alma Badiola said the program will provide loans up to PHP100,000 payable in five years.

“This is a way to pay tribute to our rural women who we owe our food security to. Despite being our food heroes, they have very limited access to resources including loans which are collateral-free and interest-free, Badiola said in her speech during the culmination of World Food Day held at DA’s Bureau of Soils and Water Management.

“This way they can finance capital requirements of their start-up or existing agri-fishery based income generating platforms,” she added. The new credit program forms part of Agriculture Secretary William Dar’s Agri-Negosyo (Anyo) initiative.

The Anyo Program finances agriculture ventures, working capital or fixed asset acquisition by individuals, sole proprietors, partnerships, corporations, and cooperatives, whose members are marginal small farmers and fisherfolk.

Applicants may avail of P300,000 up to PHP15 million, with zero interest and payable in up to five years. Other loan programs accessible through DA-ACPC are the Expanded SURE-Aid and Recovery Project or SURE Covid 19, and Kapital Access for Young Agriprenuers (KAYA).

The loans Dar explained, aim to help micro and small enterprises (MSEs), marginal farmers and fishers, and young agripreneurs to venture into agri fishery ventures. .

Tp vail of the loans, borrowers must be registered or enrolled in the Registry System for Basic Sectors in Agriculture (RSBSA) or the Farmers and Fisherfolk Enterprise Development Info System (FFEDIS).

Those who are not registered under the RSBSA are required to enroll through the DA Inclusion Protocol of the DA Regional Field Offices or through the municipal agricultural office.

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