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BAYAMBANG, Pangasinan––The federal government of this agricultural city launched on Monday, April 18, a web based farmers help program referred to as “E-Agro” to allow farmers to entry loans, info on farming, inexpensive gear, and low-priced inputs like fertilizers and pesticides.
Mayor Cesar Quiambao mentioned this system goals to enhance the lives of the city’s 30,850 poor farming households, who earn a median of P3,100 a month from farming.
He mentioned he hoped to extend their earnings to no less than P10,000 month-to-month via this system.
“The financial system of farmers begins with ‘utang (mortgage)’ after they plant palay. Then they promote their produce at low costs to the merchants (from whom they acquired the loans). Then additionally they avail of loans in the course of the begin of the planting season. With the E-Agro, we hope to cease the system,” Quiambao defined in the course of the launch.
Beneath this system, farmers, who have to be on the record of the Registry System for the Fundamental Sectors in Agriculture, can create an account with the E-Agro portal and register primary info like title, variety of hectares tilled, and quantity to be loaned.
The system has an app that itemizes the place the mortgage can be used—from land preparation, planting, fertilization, and harvesting.
The farmers can mortgage as much as P100,000 per hectare with an curiosity of two % month-to-month, utilizing their crop as collateral.
Beneath this system, shopping for stations can be found for the farmers to convey their palay, and they won’t be on the mercy of merchants. Each the farmers and their crops are additionally insured.
Agriculture Regional Govt Director Nestor Domenden mentioned this system would assist farmers because the approval of loans is quick and in real-time.
“In contrast to in banks, the place many paperwork should be introduced and so they have to attend for approval after they have already harvested their crops, and the mortgage has not but been authorized, this scheme is quick, so it’s useful to the farmers,” Domenden mentioned.
The One-Doc Company, headed by Jorge Yulo, developed this system.
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