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PIA Press Release
2008/08/14

BFAR chief urges fishermen to avail of boat rehab loan

Negros Occ. (14 August) -- Bureau of Fisheries and Aquatic Resources (BFAR) Chief Carlito Delfin urged fishermen whose boats were damaged by Typhoon Frank to submit their applications to BFAR office the soonest time to qualify for the loans under the Agricultural Competitiveness Enhancement Funds (ACEF).

He said Pres. Gloria Macapagal-Arroyo directed concerned agencies to fast-track the processing of the applicants so that affected fishermen can get back on their livelihood quick and attend to the needs of their families.

So far, only one applicant has submitted his papers in their office to avail of the non-collateral and no-interest loan, Delfin said.

He said they will review the content of the papers, if they are complete it will be forwarded to the BFAR Regional Office, then to the Central Office and finally to the office of the Secretary of Agriculture for approval. The entire process could take at least two months.

Under the Micro category applicants can receive as much as P3 million, Small-P15 million and Medium- P100 million.

ACEF has already been implemented even before the devastation of Typhoon Frank. The first beneficiary to have been approved of a loan comes from the private sector who engaged in aquaculture project and was released the amount of P15 million. (PIA-LOL) [top]

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