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Kabankalan farmers get P5.7M loan assistance

BY GILBERT P. BAYORAN

The provincial government of Negros Occidental on August 3 distributed P5.7 million worth of Survival and Recovery Loan Assistance to 570 farmer-recipients in Kabankalan City.

Gov. Eugenio Jose Lacson, assisted by Mayor Benjie Miranda, Board Member Jeffrey Tubola and Provincial Agriculturist Edmundo Causing, led the ceremonial distribution of loan assistance, which was held at the Kabankalan City Demonstration Farm.

The loan assistance project of the Department of Agriculture, aims to finance the emergency and production capital requirements of marginalized, small farmers and fisherfolk whose production incomes were affected by Typhoon Odette, thereby, helping them regain capacity to continue their agricultural activities and contribute to sustained food production.

The eligible borrowers are marginalized, small farmers and fisherfolks listed in the Typhoon Odette Damage Report submitted by the Kabankalan City government.

In a statement issued by the provincial government of Negros Occidental, the beneficiaries were enrolled in the Registry System for Basic Sector in Agriculture to avail of a non-collateralized loan of P10,000 per household at a zero percent interest rate payable in three years.*

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