With the endorsement of Department of Agriculture-Philippine Carabao Center (DA-PCC), 38 carapreneurs from Nueva Ecija were formally granted a total of PHP4,617,000 worth of loan by the New Rural Bank of San Leonardo (NRBSL) Incorporated, Nueva Ecija, under the DA-Agricultural Credit Policy Council (ACPC) Agri-Negosyo Loan Program (ANYO).
The ceremonial turn-over, which happened during the 7th National Carabao Conference closing program, was graced by Abundio Quililan Jr., NRBSL President and Chief Executive Officer, and DA-PCC OIC Executive Director Dr. Ronnie D. Domingo and few carapreneurs who were able to attend the event physically.
The loan will be used purposively for purchase of additional numbers of carabao as well as improvement of carabao pen and other incidental or miscellaneous expenses. The loan proceeds will be released directly to the supplier of carabao and/or source of construction materials except for the miscellaneous/incidental expenses which will be received in cash by the carapreneur beneficiaries.
The DA-ACPC ANYO Program is a zero-interest capital loan intended to support the daily business operations of small farmers and fisherfolk, farmers’ cooperatives and associations (FCAs), and agri-fishery-based micro and small enterprises (MSEs).