The Department of Agriculture (DA) signed a memorandum of agreement with Go Negosyo and the Land Bank of the Philippines for the promotion of inclusive growth through financial inclusivity and accessibility of agri entrepreneurs, farmers and fisher folks, mentored under the Kapatid Agri Mentor Me Program (KAMMP).
The program aims to promote agribusiness in the country through coaching and mentoring through collaborations with various government entities including the Agricultural Training Institute.
“Agripreneurship unleashes the potential of Philippine agriculture to make it more resilient, and continue to be a dependable contributor to the economy. We need to promote more agripreneurship under the new normal environment,” said Agriculture Secretary William Dar, in a statement.
Dar said the DA will continue to seek better ways and innovate to transform food producers into agripreneurs and populate the agribusiness ecosystem to continuously provide money, market and mentorship.
The DA said it will identify ideas and projects that support agri entrepreneurship to cover more grounds to expand the services of the government to more farmers and fishers.
Cecille Borromeo, Land Bank president, said the bank continues to provide credit windows and financial assistance packages that are custom-made for the needs of the agriculture sector to widen credit access of farmers, fishers as well as micro, small to medium enterprises.
“We will continue with our designated role, by providing accessible and credible credit assistance and pursue a perfect synergy of pursuing purposive initiatives in the time of the pandemic,” Borromeo said. – Jed Macapagal
