Capiz cooperative credits growth to LandBank assistance | BusinessMirror

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Capiz cooperative credits growth to LandBank assistance | BusinessMirror
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Agrarian reform beneficiary (ARB) Evelyn F. Bardies, a mother of four, toils on her awarded land to meet the daily needs of her famil

Agrarian reform beneficiary Evelyn F. Bardies, a mother of four, toils on her awarded land to meet the daily needs of her family. It did not help that she used to rely on local dealers and traders to finance her farm input requirements for corn production.

The story of Evelyn mirrors the struggles of other ARBs from Barangay Agsirab. This dire situation pushed them to form the Agsirab Multi-Purpose Cooperative in 2009, to pool resources and provide affordable and accessible credit assistance for its members. The Agsirab MPC found a reliable partner in the Land Bank of the Philippines in sustaining and growing its operations. The co-op availed from the bank an initial credit line of P993,000 in 2012, which eventually increased to P30 million at present due to the co-op’s satisfactory repayment record.

With convenient access to affordable credit and modern equipment, members of the Agsirab MPC now enjoy improved farm productivity and income.

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