fisherfoks get AkBay loans
By Provincial Media
September 16, 2012
TACLOBAN CITY –
A number of farmers and fishermen from three towns in Leyte are the
recent recipient of the Akbay Project Fund (Agrikutura: Kaagapay ng
Bayang Pinoy Program) who availed of the no-collateral, no-interest
loan assistance to finance their agri-business projects.
Leyte Gov. Carlos Jericho
Petilla together with the Provincial Agriculturist Office of the Leyte
province personally handed the checks to farmers and fishermen from
Inopacan, Hindang and Bato towns, all of Leyte province.
The AKBAY program is a
mechanism for poverty alleviation given to identified provinces
through the provision of livelihood and employment opportunities and
augmenting the source of income of the farm households.
It also aims to strengthen
the capabilities of marginalized sectors to involve and empower them
in decision making processes.
AKBay was funded by the
Japanese government under the Japan Grant Assistance for the Food
Security Project for underprivileged farmers, and was meant to be lent
to the farmers as initial investment for their agri-business.
As stipulated in the AKBay
program guidelines, the money received must be spent for the
recipient’s approved project proposal in five days after receipt, to
finance projects such as piggery, poultry, high-value crops, or
tilapia production, and backyard piggery, it was learned.
All six provinces of Eastern
Visayas have been identified as among the 31 provinces chosen as
priority recipients of the AKBay program. The province-recipients were
identified in the government’s Accelerated Hunger Mitigation Program
and in the 2006 Family Income and Expenditure Survey as having the
most number of subsistence poor or food-poor families.
Only the 4th, 5th and 6th
class municipalities in the priority provinces are covered by the
program, says Leyte Provincial Agriculturist Roger Fortula.
Meanwhile, Gov. Petilla
advised the new recipients to “use the fund wisely” in order to pay it
off in the accorded time.
“The fund is going to be
rolled over so that other farmers can also benefit from it, thus, this
loan should be invested wisely,” the governor said.