The Department of Agriculture (DA) has recently released a P1-billion fund through a flexible credit facility to provide agricultural loans to marginalized farmers and fisherfolk in the poorest provinces across the country.
Under the Agriculture and Fisheries Financing Program (AFFP), the DA’s Agricultural Credit Policy Council (ACPC) aims to provide direct loans to more than 40,000 marginalized farmers and fishermen who are presently unable to access credit due to stringent requirements and payment terms.
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