THE Ministry of Agriculture, Fisheries, and Agrarian Reform in the Bangsamoro Autonomous Region in Muslim Mindanao (Mafar-Barmm) has awarded P1.2 million worth of loans to 12 cooperatives in Maguindanao.
Mafar Minister Mohammad Yacob said in a statement Thursday, October 20, that the loans were awarded in check from the Ministry’s Mafarlends (Loan for Enhancement for Necessary Development Strategy) Program.
Yacob said the loan program aimed to let the people of Barmm, especially the farmers and fisherfolks, know that it was committed to helping in uplifting their economic condition by providing funding support and loan assistance.
The 12 farmers and fisherfolks cooperatives underwent thorough validation before their approval from the Mafarlends 2021 team as the remaining beneficiaries to receive P100,000 each worth of loans payable for three years under the Amortization Plan.
Yacob challenged all the recipients to maintain the trust and confidence of the ministry so that more support and engagement will await them in the future if this partnership will be successfully implemented.
Meanwhile, chairpersons of cooperatives such as Ato Sionga of Magungayam Agri-Fishery Marketing Cooperative and Nida Matabalao Alongan of Bangsamoro Peace Advocate Consumer Cooperative commended the Mafar and expressed their thanks to the ministry for the opportunity of being chosen among the coops to have benefited from the program. (SunStar Zamboanga)