visit us:http://www.da-charmp2.ph

NEWS STORY

CHARMP2 grants P750,000 livelihood aid to 7 groups in Sablan and Kabayan

LAF 2016

Another seven livelihood groups from Sablan and Kabayan receive a livelihood assistance fund (LAF) with a total worth of P750,000 from the Second Cordillera Highland Agricultural Resource Management Project (CHARMP2) directly granted to them last September 21-23.
The beneficiary groups from Sablan include Oring Community Organization (P50,000), Barangay Banengbeng Bagsakan Consumers Cooperative (P100,000) while beneficiary groups from Kabayan include the Gusaran Multi-purpose Cooperative (P350,000), Parents of Persons with Disabilities (P50,000), Pacso Producers of Coffee Association, Inc. (P100,000), Abuyon-Baay Association (P50,000), and Pacso, Choschos, Besang & Dutac Group (P50,000).
The beneficiary groups were entitled for the livelihood grant after passing the LAF assessment which evaluated each group’s performance in utilizing and managing the LAF amount loaned to them earlier to implement their proposed business plans over a period of one year. The Gusaran MPC, however, was downscaled from P500,000 to P350,000 since their business proposal only requires lower capital. The groups will have to use their livelihood grants based from their business plans subject to the regular monitoring of the Project and the local government units.
The livelihood assistance fund (LAF) is a program under the Agriculture, Agribusiness and Income Generating Activities (AAIGA) component of the CHARMP2 that aims to provide seed funds to rural entrepreneurs in its covered areas through a systematic process ensuring the sustainability of the livelihood groups and their livelihood activities. These groups are among the 644 livelihood interest groups supported and assisted by the CHARMP2 in the region.
The beneficiary groups and the local government units expressed their commitments for the sustainability of their groups and their livelihood activities even as the CHARMP2 ends by December this year. The Project and the LGUs continue to urge the groups to apply for accreditations so they could have easier access to other government services. The LGUs have also committed to provide technical support to these groups.// Crislyn Balangen

 

print storyPrint Story