Kabankalan farmers receive aid in the form of a loan of 5.7 million pesos

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BY GILBERT P. BAYORAN

On August 3, the provincial government of Negros Occidental distributed 5.7 million pesos in aid in the form of survival and recovery loans to 570 beneficiary farmers in the town of Kabankalan.

Governor Eugenio Jose Lacson, assisted by Mayor Benjie Miranda, Board Member Jeffrey Tubola and Provincial Farmer Edmundo Causing, led the loan aid distribution ceremony, held at the demonstration farm in the town of Kabankalan.

The Department of Agriculture Loan Assistance Project aims to finance the emergency capital and production needs of marginalized small-scale farmers and fishers whose production incomes were affected by Typhoon Odette, helping them to regain the ability to continue their agricultural activities and contribute to sustainable development. food production.

Eligible borrowers are marginalized, small-scale farmers and fishermen listed in the Typhoon Odette damage report submitted by Kabankalan city government.

In a statement released by the provincial government of Negros Occidental, the beneficiaries were registered in the Agriculture Basic Sector Registration System to qualify for an unsecured loan of 10,000 pesos per household at an interest rate of 0% payable over three years. *

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