Agri-Agra credit law signed by the President

President Arroyo signed Agri-Agra credit law to facilitate increased credit to farmers and spur productivity. 

I am not a fan of loans and I wish I have another solution for the farmers, fisherfolks (ERRATUM: there is a solution - please read below).  Even how reluctant I am to hear about this increased credit news, and how analysts/agriculture personnels see an increase in loans from the farmers of up to P122 billion -- I hope it serves it's purpose of assisting farmers increase productivity.  I hope their harvest is more sufficient to pay for the loans.  I dont want to see them more poor than before the loan is made. 

"The government is now moving to relax the tight rural credit squeeze following President Arroyo ’s enactment of an amended Agri-Agra law that finally bars banks from skirting a requirement for them to funnel 25% of their loanable funds into farm loans, a policy shift that agriculture officials said could mean up to P122 billion in fresh loans for farmers and fisherfolk."  Read more

For those farmers, fisherfolks (or you who knows them) who would like to continue what they love to do but need assistance in acquiring or managing funds, THERE IS A SOLUTION after all!  Build a financial relationship with a knowledgeable and accomodating financial analyst couple with the names of Mr Benj Santiago and Ms Fely Santiago.  They will:

• Share valuable concepts and help you understand how money works (and how money can work hard for you and not you work hard for the money)
• Work with you on a plan
• Provide regular check-ups to help you reach your goals.

Another way of assisting farmers is through the KASAMA KA cooperative which it's primary thrusts are the following.  You earn a living, we all earn the earth back through sustainable agriculture.

• To package, train, transfer the technology and set up location-and commodity-specific NUSOFAC/SVAC for to its primary cooperative members;
• To spearhead the coordination and organization of a decentralized marketing network of organic farm produce;
• To provide safe affordable organic farm products to the general public and consumers; and
• To support organic movement advocacies and projects/activities related to sustainable environment resources and management, climate change, health and wellness and food security.
• Want to know how to join the KASAMA KA coop?  Email us!

Know more about Agri-Agra credit law from Manila Bulletin