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AFFORD-ARBs program launched in AgSur

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LA PAZ, Agusan del Sur, Aug. 16 – Over a thousand farmers were hopeful as they gathered for a day-long roll out of Accessible Funds for Delivery to ARBs (AFFORD-ARBs), a P5-billion direct financial assistance by the Land Bank of the Philippines in coordination with the Department of Agrarian Reform (DAR), Philippine Crop Insurance Company (PCIC) and the Local Government Unit on August 13, 2019 at La Paz Municipal Gymnasium, this province.

LA PAZ, Agusan del Sur, Aug. 16 – Over a thousand farmers were hopeful as they gathered for a day-long roll out of Accessible Funds for Delivery to ARBs (AFFORD-ARBs), a P5-billion direct financial assistance by the Land Bank of the Philippines in coordination with the Department of Agrarian Reform (DAR), Philippine Crop Insurance Company (PCIC) and the Local Government Unit on August 13, 2019 at La Paz Municipal Gymnasium, this province.

This initiative complies with Presidential Directive No. 2018-0176 dated April 24, 2018 to reach out to farmers and provide them with financial assistance for their agricultural needs as well as timely provide credit assistance to small farmers for crop production and acquisition of small farm implements at an interest rate of six percent per annum.

“We will help you in any way we can and provide you with the right assistance so that we will grow together. All we have to do is help each other to realize our goal for a better future,” said Arnel Caalim, manager of the Land Bank of the Philippines.

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See full article at Philippine Information Agency

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