Negrense farmers get P20M loan assistance

Capitol photo

A total of 218 farmer-recipients from Victorias City, received loan assistance worth P5,450,000 under the Expanded Sure Aid and Recovery Project of the Office of the Provincial Agriculturist (OPA) Monday afternoon, September 13.

Gov. Eugenio Jose Lacson led the ceremonial turnover of the financial assistance held at the Victorias Cultural Center in Victorias City.

The project aims to finance the emergency and production capital requirements of marginalized small farmers and fisherfolk, whose production incomes were affected by flash floods, to help them regain their capacity to continue their agricultural activities and contribute to sustained food production, a press release from the Capitol said.

Eligible borrowers are marginalized small farmers and fisherfolk listed in the flash flood damage report of Victorias, and those enrolled in the Registry System for Basic Sector in Agriculture to avail of a non-collateralized loans of P25,000 per household at a zero-percent interest rate payable in ten years, the press release said.

It is a collaborative project of the provincial government implemented through the OPA, and the Department of Agriculture.

Farmer-beneficiaries from the cities of Talisay, Silay and Cadiz, and E.B. Magalona town also earlier received the same loan assistance, facilitated by the OPA totaling P14,550,000 for 582 farmers.

Lacson acknowledged the importance of farmers and fisherfolks as major contributors to the food security of the province.

He said that aside from the present pandemic, the agriculture sector is also affected by other factors such as flash floods, thus, the Expanded Sure Aid and Recovery Project was conceptualized to aid the farmers.

Present at the activity were Victorias City Mayor Francis Frederick Palanca, OIC Provincial Agriculturist Dina Genzola, Jane Aplaon of the Department of Agriculture and Victorias City Agriculturist Samson Garzon Jr., among others.*

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