PLEA program reaches farmers and fisherfolk in Bohol
The Department of Agriculture – Agricultural Credit Policy Council (DA-ACPC) has turned over a P10 million credit fund to the Metro Ormoc Community Multi-Purpose Cooperative (OCCCI) in Bohol under the Production Loan Easy Access (PLEA) program.
The P10 million fund will cater to the production requirements of marginal and small farmers and fisherfolk in the Municipality of Pitogo, which is one of the 27 areas covered by the PLEA program.
The simple ceremony, attended by more than 200 locals from various barangays in Pitogo, also featured the Bureau of Fisheries and Aquatic Resources (BFAR) VII’s turn-over of 171 pump boat engines to identified recipients.
The BFAR VII previously granted 171 fiber glass boats to the same grantees.
As committed by Agriculture Secretary Emmanuel F. Piñol, 129 more boats and engines are expected to be given to local fishers.
Municipal Mayor Fernando Estavilla welcomed the support from the DA saying that the PLEA program will be a huge boost in the profit of their farmers and fishermen as it has a very minimal interest rate compared to other lending institutions.
He assured the DA that the local government unit (LGU), with the help of the BFAR Region VII, will constantly monitor the beneficiaries to make sure that the loans and the grants will be put to good use.