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CHARMP2 transfers 550K livelihood fund to 9 livelihood groups in Bakun

LAF transfer to Bakun

Bakun, Benguet- Another nine rural livelihood groups from Barangay Ampusongan, Gambang, Sinacbat and Poblacion were granted with a livelihood assistance fund (LAF) from the Second Cordillera Highland Agricultural Resource Management (CHARM2) Project amounting to PhP550,000.00 directly turned-over to them last August 19, 23, 24, respectively.
The nine livelihood interest groups (LIGs) were assisted by the CHARM2 Project over the past 2-3 years through organizing and capacitating them to run their own businesses. In partnership with the local government units, appropriate trainings, technical assistance and equipment support were also provided to them. For a year, the groups were loaned a capital ranging from PhP50,000 to PhP100,000 which is coursed through a community fund institution (CFI). It served as their capital to implement their business plans and was paid back to their CFI after a year where they have undergone a rigid assessment before they were qualified to be granted with the same amount of LAF. This process ensured that the said groups were capacitated to manage and sustain their livelihood activities even as the Project ends.
Among the nine groups, two are from Brgy. Ampusongan namely Ampusongan Rural Improvement Club (PhP50,000) and Riverside Ay-ay Double K Sawmill Rural Improvement Club (PhP50,000) while in Brgy. Gambang, the two LIGs beneficiaries include the Mogao Pulag Swine Raisers and Farmers Association (PhP50,000) and the Mogao Rice Vendors and Farmers Association (PhP50,000). In Brgy. Sinacbat, there are two LIGs that received the fund namely Sinacbat Farmers Association (Php100,000) and the Sinacbat Farmers Association (PhP50,000). Lastly, there are three LIGs that benefitted from the fund in Brgy. Poblacion namely Poblacion Bakun Rural Improvement Club (PhP100,000), DAPELS Association of Dada (PhP50,000) and the Poblacion Bakun Communal Swine Raisers (PhP50,000).
Beneficiaries were very happy and grateful for the assistance that had taught them to become entrepreneurs. “We will work hand-in-hand for the growth and progress of the business,” said one of the members of SFA.
On the other hand, the provincial and municipal LGU assured the beneficiaries that they will continue providing assistance to the groups. Municipal Agriculture Officer Enrique Atelba urged the groups to join the Municipal Agriculture and Fisheries Council (MAFC) for their concerns to be easily addressed.
The LIGs, the MLGU and the CHARM2 Project sealed their commitment towards sustaining the livelihood groups and their activities with a memorandum of agreement signed by the three parties for the purpose.// Crislyn Fianza Balangen

 

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