Are you a Filipino farmer and in need of funds? Here’s what DA can offer
The Department of Agriculture (DA) is currently offering several loan packages to Filipino farmers and here are some of them.
Right now, the different loans being offered by the DA through the Agriculture Credit Policy Council (ACPC) are Production Loan Easy Access (PLEA) (up to P150,000 at 6 percent interest per annum); and Survival and Recovery Assistance (SURE) (up to P25,000 at 0 percent interest).
The agency also provides Working Capital Loan (up to P5 million at 6 percent interest per annum diminishing balance) and Agri-Fisheries Machinery & Equipment Loan (open to individual borrower, up to P250,000 at 2 percent per annum interest).
Agriculture Secretary Emmanuel Piñol said one of the reasons why farmers in the country remain poor is because they lack access to funding.