Presidential Communications Operations Office

  PIA Bldg, Visayas Ave, Diliman, Quezon City, Philippines
  Sunday, 20 October 2019 News Before 1 Feb 2012. Click for Latest
Web PIA  
 << October 2019 >> 
1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31
Special News Editions:
PIA Specials:
NEW! Cabinet Officials
Jobs.Slides.Specials.Ads. Events.ASEAN.Multimedia
Visitors since 15 Feb 2011:
PIA News Archive:
PIA Archive News Reader

PIA Press Release

DAR dangles a credit window for "low credit rating" coops

Tagbilaran City (27 June) -- A window of opportunity opens for cooperatives wanting financial boost but still working to establish a credit rating from financial institutions.

The Department of Agrarian Reform dangles the Credit Assistance Program for Beneficiaries Development (DAR-CAPBD), a credit window with the state Land Bank as its financial conduit, says information Officer Ma. Lydia Bantugan recently.

Farmer cooperatives who want fresh entrepreneurial funds but could not qualify yet in the numerous credibility requirements demanded by banking and financial institutions can look up to the DAR-CAPBD, she added.

The credit can go as high as the project proposals ask, she intoned, stressing that the DAR also evaluates the coop paying capacity before nodding to the credit-funding booster.

The DAR financial credit facility evaluates the cooperative though, through a cooperative capacity assessment performance evaluation and review where DAR assists them in the qualifying requirements.

But if the cooperative is deemed to be a good payor, the CAPBD, which has a partnership agreement with LandBank can now push for the immediate upgrade of the coop's credit rating to LandBank or any financial institution.

That means a cooperative is spared the numerous and tedious processes to be complied to be given a credit credibility rating from any financial institution, she explained.

In Bohol, according to CAPBD point person Paula Morales, La Hacienda Cooperative has graduated and has assumed a full LandBank loan window, after satisfactorily paid their dues.

At least six other cooperatives are now processing to avail of the CAPBD window, she said. (PIA-Bohol) [top]

|«  prev  next  »|
»PGMA inaugurates Ubay port; administers EBA, ACY oaths
»Central Visayas cops may soon learn policing from Boholanos
»DAR dangles a credit window for "low credit rating" coops
»Catigbian dents on health, med services
»DILG to losing Liga seat contenders: Give it up
»RDC-7 seeks congressional probe on COA pre-audit
»NEDA validates database tables
»UP coed is new Miss Pintados
»GTZ joins agri-aqua fair and garden show for Feast of Sto. Nino
»PGMA visits Cebu one last time June 28 as RP President
|«  prev  next  »|

Philippine Official Gazette | Office of the President | Presidential Communications Operations Office
For comments and feedback, please email PIA Newsdesk
Copyright © 2005 Philippine Information Agency
PIA Building, Visayas Avenue, Diliman, Quezon City 1101 Philippines