Negros Occidental Gov. Eugenio Jose Lacson led the distribution of P5.7 million worth of Survival and Recovery Loan Assistance to 570 farmer-recipients of Kabankalan City, Thursday, August 4.
It is a loan assistance project that aims to finance the emergency and production capital requirements of marginalized, small farmers and fisherfolk whose income were affected by Typhoon “Odette”.
It is being implemented through the Department of Agriculture’s Agricultural Credit Policy Council (ACPC) Survival and Recovery (SURE) Loan.
The eligible borrowers are marginalized, small farmers and fisherfolk listed in the Typhoon “Odette” Damage Report submitted by the LGU.
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.
Lacson, with Board Member Jeffrey Tubola, Kabankalan Mayor Benjie Miranda, and Provincial Agriculturist Dr. Edmundo Raul Causing, led the ceremonial turnover of the loan assistance, held at the Kabankalan City Demo Farm.