TATAK DUTERTE: Duterte Gov’t Provides P30,000 Loans For Agricultural, Fishery Households With No Collateral - Daily Buzz PH

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Sunday, March 5, 2017

TATAK DUTERTE: Duterte Gov’t Provides P30,000 Loans For Agricultural, Fishery Households With No Collateral



The Department of Agriculture (DA) provides assistance for  agricultural/fishery households through the Program for Unified Lending in Agriculture (PUNLA) which aims to give additional support to marginal farmers and fisherfolks.

PUNLA is a loan with no collateral or known as character loan.

This is less complicated way for agricultural/fishery households to have an additional source of income.

An agricultural/fishery household means any member of the family of a farmer or fisherfolk who can borrow as long as their family member is registered in one organization or association of farmers/fisherfolks or cooperative, this is a requirement in the lending program.

This was announced in PIA’s Huruhimangraw radio program last week by PUNLA Focal Person Rowena Alcazar in Samar province.

For those interested, they are advised to visit their local agricultural office to seek assistance in accomplishing the requirements.

Borrowers can avail of up to Php 30,000.

PUNLA is another effort of the government to provide support to the ten poorest provinces in the country which are Apayao, Eatern Samar, Western Samar, Northern Samar, Negros Oriental, Zamboanga Del Norte, Lanao del Sur, Cotabato, Sarangani and Maguindanao.

In Western Samar, it has lent farmers/fisherfolks in Sta. Rita, San Jorge and Motiong towns.

Source: PIA.Gov

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